Compensation Committee
Remuneration Committee
On December 27, 2011, the company established the Remuneration Committee to assist the Board of Directors in formulating fair and transparent management procedures. The committee sets performance evaluation standards and remuneration levels for managers, as well as the remuneration structure and system for directors. The Remuneration Committee consists of three independent directors, one of whom serves as the convener. The committee meets at least twice a year.
The remuneration for the company’s directors is determined by the Board of Directors based on the directors’ performance of their duties, their level of participation, and the value of their contributions, with reference to industry standards. If the company is profitable during the fiscal year, according to Article 31 of the Articles of Incorporation, up to 5% of the profit will be allocated as directors’ remuneration. The remuneration is assessed periodically by the Remuneration Committee and the Board of Directors to ensure fairness and reasonableness in performance evaluations and compensation.
The company’s remuneration policy is reviewed with the overall operational performance in mind, and remuneration is determined based on performance achievement rates and contributions. This approach enhances the effectiveness of the Board of Directors and the management team. Additionally, the company references industry salary standards to ensure that management salaries remain competitive, supporting the retention of top management talent.
| Remuneration Committee Members | ||
|---|---|---|
| Huang,Win-Jung Independent Director | Hsieh,Ming-Jen Independent Director | Lin,Teng-Rong Independent Director |
