Remuneration Committee
The Company established the Compensation Committee on December 27, 2011, with the aim of assisting the Board of Directors in formulating fair and transparent management procedures, setting performance evaluation standards and remuneration levels for managers, as well as establishing the structure and system of directors’ compensation. The Compensation Committee is composed of three independent directors, one of whom serves as the convener, and meetings are held at least twice a year.
The directors’ remuneration of the Company is determined by the Board of Directors based on the level of remuneration for the execution of their duties, taking into account each director’s level of participation and contribution, and with reference to industry standards. If the Company records a profit for the year, in accordance with Article 31 of the Articles of Incorporation, up to 5% of the profit may be allocated as directors’ compensation. The directors’ remuneration is reviewed periodically. The Compensation Committee and the Board of Directors shall review the related performance evaluations and the reasonableness of the remuneration.
The Company’s compensation policy review is primarily based on its overall operational performance, with payment standards determined according to performance achievement and individual contribution, aiming to enhance the overall organizational effectiveness of the Board of Directors and executive management. In addition, we benchmark industry salary standards to ensure that the Company’s management compensation remains competitive, thereby retaining top managerial talent. By referring to industry and market compensation levels, we ensure that remuneration remains attractive within the sector, which supports talent attraction and retention—an area identified as a top priority in the Company’s sustainability agenda. By strengthening the connection between compensation policies and sustainability goals, the Company demonstrates its use of compensation as a strategic tool to drive sustainable corporate development.
| Remuneration Committee Members | ||
|---|---|---|
| Huang,Win-Jung Independent Director | Hsieh,Ming-Jen Independent Director | Lin,Teng-Rong Independent Director |
