Diversity of Board Members

Article 20: The board of the directors of the company shall guide the company’s strategy, supervise the management, and be responsible for the company and shareholders. The various operations and arrangements of the corporate governance system shall ensure that the board of directors exercises its authorities in accordance with laws and regulations, the articles of incorporation or the resolutions of the shareholders meeting.

The structure of the board of directors shall consist of more than five appropriate directors in consideration of the company's business development scale and major shareholder's shareholding situation, and practical operational needs.

The composition of the board of directors shall be determined by taking diversity into consideration, and formulate an appropriate diversification policy based on its own operation, operation pattern and development needs. It should include but not limited to the following two major standards:

 

1. Basic requirements and values : gender, age, nationality and culture

2. Professional knowledge and skills: A professional background (e.g., law, accounting, industry, finance, marketing and technology), professional skills and industry experience. Each board member shall have the necessary knowledge, skill and literacy to perform their duties. In order to achieve the ideal goal of corporate governance, the overall board of directors should have the following capabilities:

1. The ability to make judgments about operations.

2. Accounting and financial analysis ability

3. Business management ability

4. Crisis management ability

5. Knowledge of the industry

6. An international market perspective 

7. Leadership ability

8. Decision-making ability

 

In order to strengthen corporate governance and promote the sound development of the composition and structure of the board of directors, the company formulated the " Corporate Governance Best Practice Principles" in 2018. The current board of directors of the company consists of 7 directors, including 2 independent directors (Lin Wei Yi and Chan Yie Lang). Members have rich experience and professional knowledge in finance, management and other fields, and have a macro international perspective. In addition, we also strive to maintain gender equality in the composition of board members. There are currently 7 directors, including 2 female directors, with a ratio of 29%. The relevant implementation situation is as follows: