Remuneration Committee
The Remuneration Committee assists the Board of Directors in implementing and evaluating the Company's overall remuneration policy, the remuneration of directors, supervisors and managers. The Committee shall faithfully perform the following functions, and provide recommendations to the Board of Directors for discussion:
| 1. | Periodically evaluate Remuneration Committee Charter and make improvement recommendations. |
| 2. | Formulate and periodically review the policies, systems, standards and structure relating to the performance evaluation and remuneration of directors, supervisors and managers. |
| 3. | Periodically evaluate and formulate the remuneration of directors, supervisors and managers. |
The Committee shall follow the following principles when performing the above-mentioned functions: |
|
| 1. | The Committee will ensure the Company’s remuneration plan adheres to the relevant regulations and is effective in attracting talent for the Company. |
| 2. | With respect to the performance assessment and remuneration of directors, supervisors and managers, it shall refer to the general pay levels adopted by peer companies, take into consideration the reasonableness of the correlation between remuneration and individual performance, the company´s business performance, and future risk exposure. |
| 3. | It shall not produce an incentive for the directors or managers to engage in activity to pursue remuneration exceeding the risks that the Company may take. |
| 4. | It shall take into consideration the characteristics of the industry and the nature of the Company's business when determining the ratio of bonus payout based on the short-term performance of its directors and senior managers. |
| 5. | The Committee members will be excused from the discussions and voting of their remuneration. |
2020 Remuneration Committee members and operations
The Remuneration Committee is composed of three independent directors of the company.
| Title | Name | Meeting count (A) | Attendance count (B) | Proxy Attendance Count | Actual Attendance rate % (B/A) | Note |
|---|---|---|---|---|---|---|
| Convener | Lee Wen Chang | 2 | 2 | - | 100.00 | - |
| Committee member | Hsu Fang-Yih | 2 | 2 | - | 100.00 | - |
| Committee member | Cai Wen Zhi | 2 | 2 | - | 100.00 | - |
| Title | Convener |
|---|---|
| Name | Lee Wen Chang |
| Meeting count (A) | 2 |
| Attendance count (B) | 2 |
| Proxy Attendance Count | - |
| Actual Attendance rate % (B/A) | 100.00 |
| Note | - |
| Title | Committee member |
|---|---|
| Name | Hsu Fang-Yih |
| Meeting count (A) | 2 |
| Attendance count (B) | 2 |
| Proxy Attendance Count | - |
| Actual Attendance rate % (B/A) | 100.00 |
| Note | - |
| Title | Committee member |
|---|---|
| Name | Cai Wen Zhi |
| Meeting count (A) | 2 |
| Attendance count (B) | 2 |
| Proxy Attendance Count | - |
| Actual Attendance rate % (B/A) | 100.00 |
| Note | - |
