Committees
 
 
Remuneration Committee
Remuneration Committee
 
The Remuneration Committee assists the Board of Directors in implementing and evaluating the Company's overall remuneration policy, the remuneration of directors 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 and managers.
3. Periodically evaluate and formulate the remuneration of directors 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 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 determination of the remuneration of directors and managers shall take into consideration the reasonableness and is advisable not to show a major disparity from the Company’s financial performance. In the event that the Company suffers a major decline in profit or long-term loss, the remuneration thereof is not suitable to be higher than that of the previous year. If it is still higher than that in the preceding year, reasonable explanation shall be provided in the annual report and reported at a shareholders' meeting.
6. The Committee members will be excused from the discussions and voting of their remuneration.
Information on the attendance and operation of the Remuneration Committee
1. The Company’s Remuneration Committee consists of a total of 4 independent directors.
2. The term of this committee is from June 28, 2024 to June 27, 2027.
3. The Remuneration Committee met 4 times in 2024 (A). The attendance of the members is as follows:
TitleNameAttendance count (B)Proxy Attendance CountActual Attendance rate % (B/A)Note
ConvenerHsu, Fang-Yih2-100.00Resigned on 2024.06.28, should attend 2 times.
ConvenerCai, Wen-Zhi4-100.00Elected as the convener on 2024.06.28.
Committee memberLi Wen-Chang2-100.00Assumed office on 2024.06.28, should attend 2 times.
Committee memberWu Yu-Ti4-100.00-
Committee memberYang, Fu-Hsuan4-100.00-
Note:Wu Hsiu is renamed to Wu Yu-Ti at February 04, 2023.


The Company's 2024 Remuneration Committee’s meeting dates, proposals and resolution results are as follows:
DateProposalsResolution resultsThe Company's action to the Remuneration Committee's opinions
The 8th session of the 5th term.
2024.01.10
Review the cash compensation for the Chairman, managers, and internal audit personnel for 2022, as well as the amount of year-end bonuses for 2023. All members of the committee agreed to adopt. Approved by the 17th session of the 14th Board of Directors and completed in accordance with the resolution.
The 9th session of the 5th term.
2024.05.07
Review the company's personnel salary management regulations and the salary adjustment plan for the Chairman, managers, and internal audit personnel for this year. All members of the committee agreed to adopt. Approved by the 19th session of the 14th Board of Directors and issued starting from June 1 of this year.
The 1th session of the 6th term.
2024.06.28
Nominate the convener. All members of the committee unanimously agreed that Committee Member Cai, Wen-Zhi will serve as the convener. Process the relevant information disclosure according to the resolution.
The 2th session of the 6th term.
2024.11.06
Review the amount of director compensation to be distributed for the year 2023. All members of the committee agree to approve. Approved by the 3rd session of the 15th Board of Directors and completed in accordance with the resolution.
Related Information