Board and management team

In accordance with Article 20 of the “Corporate Governance Guidelines”, the functions of the board of directors have been strengthened. The nomination of director candidates follows the nomination system specified in the company’s articles of incorporation. Evaluation of the qualifications and backgrounds of each candidate, as well as assessments of their professional backgrounds, integrity, relevant professional, etc., are conducted. After approval by the board of directors, the candidates are presented to the shareholders’ meeting for appointment.

The composition of the board of directors should take into account diversity and formulate appropriate diversity policies based on its own operation, business type, and development needs. These policies include but are not limited to the following two dimensions of criteria:

1. Basic criteria and values: Gender, age, nationality, and culture.
2. Professional knowledge and skills: Professional backgrounds (such as law, accounting, industry, finance, marketing, or technology), professional skills, and industry experience.

Board members should possess the necessary knowledge, skills, and qualities to perform their duties. In order to achieve the ideal goals of corporate governance, the board of directors as a whole should possess the following abilities:

1. Operational judgment ability.
2. Accounting and financial analysis ability.
3. Management ability.
4. Crisis management ability.
5. Industry knowledge.
6. International market perspective.
7. Leadership ability.
8. Decision-making ability.

Specific Management Objectives

The board of directors of our company should guide the company’s strategy, oversee the management, and be accountable to both the company and its shareholders. The operations and arrangements of the corporate governance system should ensure that the board of directors exercises its powers in accordance with legal requirements, the company’s articles of incorporation, or resolutions of the shareholders’ meeting. The specific management objectives are as follows:

1. The board of directors of our company also emphasizes gender equality among its members, with at least one female director included among the board members.
2. The board of directors of our company focuses on operational judgment, managerial capability, and crisis management. Over two-thirds of the board members should possess relevant competencies in these core areas.
3. Independent directors may not be reelected for more than three terms to preserve their independence.
4. The number of board members who hold positions in our company, parent, subsidiary, or sibling companies should be less than or equal to one-third of the total board seats, serving the purpose of oversight.

Implementation of Diversity Initiatives

Further reading

Implementation of Diversity Initiatives

Further reading