{"id":3801,"date":"2024-10-18T20:40:55","date_gmt":"2024-10-18T12:40:55","guid":{"rendered":"https:\/\/www.greatchina.com.tw\/en\/?p=3801"},"modified":"2025-12-29T11:18:27","modified_gmt":"2025-12-29T03:18:27","slug":"functional-committee","status":"publish","type":"post","link":"https:\/\/www.greatchina.com.tw\/en\/functional-committee\/","title":{"rendered":"Functional Committees"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tFunctional Committee\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Operation of Functional Committees<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n
Operation Status of the Compensation Committee<\/div><\/div><\/div>
Operation Status of the Audit Committee<\/div><\/div><\/div>
Operation Status of the Sustainability Committee<\/div><\/div><\/div>\n \t\t\t <\/div>\n\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe company’s Compensation Committee was established on December 27, 2011. All committee members are independent directors, with one independent director elected by the members to serve as the chairperson.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Professional Qualifications and Experience<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\n\n\n\t\n\n\t\n\t\n\t
Title\/ Name<\/th>Professional Qualification Requirements and Work Experience<\/th>Independence Criteria<\/th>Number of Other
\nTaiwanese Public
\nCompanies
\nConcurrently
\nServing as an
\nIndependent
\nDirector<\/th>\n<\/tr>\n<\/thead>\n
Independent
\ndirector
\nHuang,
\nWin-Jung<\/td>		Education\uff1a Department of Business Administration Feng Chia
\nUniversity
\nWork Experience\uff1a Secretary General of Importers and Exporters
\nAssociation of Taipei.
\nProfessional Qualification\uff1a NOTE (1).
\nNone of the Directors has been in or is under any circumstances stated
\nin Article 30 of the Company Law.<\/td>		All independent
\ndirectors
\ncomply with the
\nrelevant
\nprovisions of
\nArticle 14-2 of
\n\u201cSecurities and
\nExchange Act\u201d
\nand\u201cRegulatio
\nns Governing
\nAppointment of
\nIndependent
\nDirectors and
\nCompliance
\nMatters for
\nPublic
\nCompanies\u201d
\nissued by
\nTaiwan\u2019s
\nSecurities and
\nFutures Bureau.<\/td>		0<\/td>\n<\/tr>\n
Independent
\ndirector
\nHsieh,Ming-Jen<\/td>		Education\uff1a Master of Accountancy National Chengchi University
\nWork Experience\uff1a Adjunct Associate Professor of National Taipei
\nUniversity of Business
\nProfessional Qualification\uff1a NOTE (1).
\nNone of the Directors has been in or is under any circumstances stated
\nin Article 30 of the Company Law.<\/td>		0<\/td>\n<\/tr>\n
Independent
\ndirector
\nLin,Teng-Ron<\/td>		Education\uff1a Chemical Industry, Chung Yuan Christian University
\nWork Experience\uff1a President of HuaDong United Can Co., Ltd.
\nAdjunct Associate Professor of Department of Mechanical
\nEngineering, NUU
\nProfessional Qualification\uff1a NOTE (1).
\nNone of the Directors has been in or is under any circumstances stated
\nin Article 30 of the Company Law.<\/td>		0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tNote 1:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\n\n\n\t\n\n\t\n\t\n\t
Position & Name<\/th>Professional Background<\/th>Business Judgment<\/th>Accounting & Finance<\/th>Business Management<\/th>Crisis Management<\/th>Industry Knowledge<\/th>International Market Perspective<\/th>Leadership Skills<\/th>Decision-Making Ability<\/th>\n<\/tr>\n<\/thead>\n
Independent Directors<\/td>Huang, Win-Jung<\/td>International Marketing<\/td><\/td><\/td>V<\/td><\/td>V<\/td>V<\/td>V<\/td>V<\/td>\n<\/tr>\n
Hsieh Ming-Jen<\/td>Accounting & Information<\/td>V<\/td>V<\/td><\/td><\/td>V<\/td>V<\/td><\/td>V<\/td>\n<\/tr>\n
Lin, Teng-Rong<\/td>Chemical Engineering<\/td>V<\/td><\/td>V<\/td><\/td>V<\/td><\/td>V<\/td>V<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Operational Method<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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It must operate in accordance with the Company’s \u201cArticles of Association of Remuneration Committee\u201d.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Functionality<\/span><\/p>

\u00a0<\/p>

The Committee evaluates the remuneration policy and system related to directors and managerial officers, professionally and objectively.<\/span><\/p>

\u00a0<\/p>

It convenes at least two meetings annually, and special meetings whenever necessary, in order to propose suggestions to the Board of Directors as the reference for the Board\u2019s decision making.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Authority<\/span><\/p>

The Committee members must exercise the following authority with due diligence as a good administrator, take responsibility toward the Board of Directors and submit all of its suggestions to the Board of Directors for discussion:<\/span><\/p>

1. Stipulate and review regularly the performance appraisal and compensation policies, systems, standards and\u00a0<\/span>structures of the directors and managerial officers.<\/span><\/p>

2. Regularly review and set directors’ and managerial officer’s compensation policies.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The Remuneration Committee must comply with the following standards when exercising its authority.<\/span><\/p>

1. The compensation and salary must be managed in line with the Company’s compensation philosophy.<\/span><\/p>

2. Never guide directors and managerial officers to engage in any activities beyond the Company’s exposure to risk to pursue rewards.<\/span><\/p>

3. The Committee members must recuse themselves from discussion and voting for any decision made for personal compensation and salary.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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1. The Company’s Remuneration Committee is composed of three members.<\/span><\/p>

2. The term of office for current members runs from 27 June 2023 through 18 June 2026.<\/span><\/p>

The company’s remuneration committee held a total of 2 meetings in the recent year. The attendance of the members is as follows:<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Committee Member Qualifications and Attendance:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Position<\/th>Name<\/th>Actual Attendance (B)<\/th>Proxy Attendance<\/th>Actual Attendance Rate (%) (B\/A)<\/th>Remarks<\/th>\n<\/tr>\n<\/thead>\n
Convener<\/td>Huang, Win-Jung<\/td>2<\/td>0<\/td>100%<\/td><\/td>\n<\/tr>\n
Member<\/td>Hsieh, Ming-Jen<\/td>2<\/td>0<\/td>100%<\/td><\/td>\n<\/tr>\n
Member<\/td>Lin, Teng-Rong<\/td>2<\/td>0<\/td>100%<\/td><\/td>\n<\/tr>\n
Other mentionable items:
\n1. If the board of directors declines to adopt or modifies a recommendation of the remuneration committee, it
\nshould specify the date of the meeting, session, content of the motion, resolution by the board of directors,
\nand the Company's response to the remuneration committee's opinion (eg., the remuneration passed by the
\nBoard of Directors exceeds the recommendation of the remuneration committee, the circumstances and cause
\nfor the difference shall be specified): None.
\n2. Resolutions of the remuneration committee objected to by members or expressed reservations and recorded or
\ndeclared in writing, the date of the meeting, session, content of the motion, all members' opinions and the
\nresponse to members' opinion should be specified: None.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Resolutions decided upon by the Remuneration Committee during the most recent year and as of the date of\npublication of the Annual Report:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t
Term<\/th>Contents<\/th>The opinions
\nof All members<\/th>		The Company's response to the
\nRemuneration Committee's
\nopinion<\/th>\n<\/tr>\n<\/thead>\n
4th Meeting
\nin 5th Session
\n2025.02.25<\/td>		1. The remuneration and bonus payment
\nof all directors and managers of the
\ncompany and its financial reports.
\n2. The salary distribution of employees
\nand directors in 2024<\/td>		The proposal
\nwas approved
\nas proposed.<\/td>		According to the resolution<\/td>\n<\/tr>\n
5th Meeting
\nin 5th Session
\n2025.11.04<\/td>		1. The remuneration and bonus payment
\nof all directors and managers of the
\ncompany and its financial reports.
\n2. Set the 2026 meeting schedule of the
\ncompensation committee.<\/td>		The proposal
\nwas approved
\nas proposed.<\/td>		According to the resolution<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/div>
\t\t
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The Company’s \u201cAuditing Committee\u201d was established on July 5, 2017, which replaced the supervisors. The Committee members consist of the whole independent directors. One independent director is elected by the whole members to serve as the convener.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Professional Qualifications and Experience<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t
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Title\/ Name<\/th>Professional Qualification Requirements and Work Experience<\/th>Independence Criteria<\/th>Number of Other
\nTaiwanese Public
\nCompanies
\nConcurrently
\nServing as an
\nIndependent
\nDirector<\/th>\n<\/tr>\n<\/thead>\n
Independent
\ndirector
\nHuang,
\nWin-Jung<\/td>		Education\uff1a Department of Business Administration Feng Chia University
\nWork Experience\uff1a Secretary General of Importers and Exporters
\nAssociation of Taipei.
\nProfessional Qualification\uff1a NOTE (1).
\nNone of the Directors has been in or is under any circumstances stated
\nin Article 30 of the Company Law.<\/td>		All independent
\ndirectors
\ncomply with the
\nrelevant
\nprovisions of
\nArticle 14-2 of
\n\u201cSecurities and
\nExchange Act\u201d
\nand\u201cRegulatio
\nns Governing
\nAppointment of
\nIndependent
\nDirectors and
\nCompliance
\nMatters for
\nPublic
\nCompanies\u201d
\nissued by
\nTaiwan\u2019s
\nSecurities and
\nFutures Bureau.<\/td>		0<\/td>\n<\/tr>\n
Independent
\ndirector
\nHsieh,Ming-Je<\/td>		Education\uff1a Master of Accountancy National Chengchi University
\nWork Experience\uff1a Adjunct Associate Professor of National Taipei University of Business
\nProfessional Qualification\uff1a NOTE (1).
\nNone of the Directors has been in or is under any circumstances stated
\nin Article 30 of the Company Law.<\/td>		0<\/td>\n<\/tr>\n
Independent
\ndirector
\nLin,Teng-Rong<\/td>		Education\uff1a Chemical Industry, Chung Yuan Christian University
\nWork Experience\uff1a President of HuaDong United Can Co., Ltd. Adjunct Associate Professor of Department of Mechanical Engineering, NUU Professional Qualification\uff1a NOTE (1).
\nNone of the Directors has been in or is under any circumstances stated
\nin Article 30 of the Company Law.<\/td>		0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Expertise Matrix of Independent Directors<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\u5411\u53f3\u6ed1\u770b\u66f4\u591a<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t
Position & Name<\/th>Professional Background<\/th>Business Judgment<\/th>Accounting & Finance<\/th>Business Management<\/th>Crisis Management<\/th>Industry Knowledge<\/th>International Market Perspective<\/th>Leadership Skills<\/th>Decision-Making Ability<\/th>\n<\/tr>\n<\/thead>\n
Independent Directors<\/td>Huang, Win-Jung<\/td>International Marketing<\/td><\/td><\/td>V<\/td><\/td>V<\/td>V<\/td>V<\/td>V<\/td>\n<\/tr>\n
Hsieh Ming-Jen<\/td>Accounting & Information<\/td>V<\/td>V<\/td><\/td><\/td>V<\/td>V<\/td><\/td>V<\/td>\n<\/tr>\n
Lin, Teng-Rong<\/td>Chemical Engineering<\/td>V<\/td><\/td>V<\/td><\/td>V<\/td><\/td>V<\/td>V<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

It must operate in accordance with the Company’s \u201cArticles of Association of the Auditing Committee\u201d, and perform the functions including:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

1.Official powers of the audit committee<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

(1) Adoption or amendment of an internal control system pursuant to Article 14-1 of Securities and Exchange Act.<\/span><\/p>

(2) Assessment of the effectiveness of the internal control system.<\/span><\/p>

(3) Adoption or amendment, pursuant to Article 36-1 of Securities and Exchange Act, of handling procedures for financial or operational actions of material significance, such as acquisition or disposal of assets, derivatives trading, extension of monetary loans to others, or endorsements or guarantees for others.<\/span><\/p>

(4) A matter bearing on the personal interest of a director.<\/span><\/p>

(5) A material asset or derivatives transaction.<\/span><\/p>

(6) A material monetary loan, endorsement, or provision of guarantee.<\/span><\/p>

(7) The offering, issuance, or private placement of any equity-type securities.<\/span><\/p>

(8) The hiring or dismissal of a certified public accountant, or the compensation given thereto.<\/span><\/p>

(9) The appointment or discharge of a financial, accounting, or internal auditing officer.<\/span><\/p>

(10) Annual and quarterly financial reports, which are signed or sealed by the chairperson, managerial officer, and accounting officer.<\/span><\/p>

(11) Any other material matter so required by the company or the Competent Authority.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

\u00a02. Highlights in 2025\uff1a<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

(1) <\/span>Audit on Financial Reports<\/span><\/p>

\u00a0<\/p>

The Board of Directors has prepared the Company’s 2024 annual operating report, financial statements, and profit distribution proposal. The financial statements have been audited by Deloitte Touche Tohmatsu and have issued an audit report. The Audit Committee has reviewed the operating report, financial statements, and profit distribution proposal and has determined that there are no discrepancies.<\/span><\/p>

\u00a0<\/p>

(2) Appraisal on effectiveness of the internal control system<\/span><\/p>

\u00a0<\/p>

The Company evaluates the design and execution of its internal control system based on the criteria specified in “Regulations Governing Establishment of Internal Control Systems by Public Companies” to determine whether the design and execution of the 2024 internal control system are<\/span><\/p>

\u00a0<\/p>

effective.<\/span><\/p>

\u00a0<\/p>

It was passed at 7th meeting of Auditing Committee in 3rd Session on Feb. 25, 2025. The \u201cDeclaration of Statement for Internal Control System\u201d 2024 was issued upon approval as resolved at 10th meeting of the Board of Directors in 17th Session on Feb. 25, 2025.<\/span><\/p>

\u00a0<\/p>

(3) Appointment of External Auditor<\/span><\/p>

\u00a0<\/p>

The Auditing Committee is appointed to supervise the CPA’s independence to ensure the impartiality of financial statements. In order to ensure the CPA office’s independence, the Auditing Committee must prepare the independence assessment form in accordance with Article 47 of the Certified Public Accountant Act and the Bulletin of Norm of Professional Ethics for Certified Public Accountant of the Republic of China No. 10 \u201cIntegrity, Objectivity and Independence\u201d to appraise the independence, expertise and competence of the CPA and determine whether the external auditor is a related party with the Company or has business or financial interest with the Company. It was passed at 7th meeting of Auditing Committee in 3rd Session on Feb. 25, 2025. Then, Liu,Ming-Hsien, CPA and Cheng,Chin-Tsung, CPA of Deloitte & Touche, Taiwan were held satisfying the independence appraisal indicators as resolved at 10th meeting of the Board of Directors in 17th Session on Feb. 25, 2025 and, therefore, qualified as the CPAs certifying the Company’s finance and taxation.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

(2) Appointment of the Certifying Accountant
The Audit Committee is responsible for overseeing the independence of the accounting firm to ensure the fairness of financial reporting. To maintain independence, the committee refers to Article 47 of the Certified Public Accountant Act and Bulletin No. 10 on Professional Ethics for Accountants (“Integrity, Fairness, Objectivity, and Independence”) to establish an independence evaluation framework. The evaluation covers the independence, professionalism, and suitability of the accountants, including their financial and business relationships with the company.
After review, at the 3rd Audit Committee meeting on February 26, 2024, and approval by the 17th Board of Directors at its 5th meeting on the same day, Deloitte Taiwan accountants Liu Ming-Hsien and Cheng Chin-Tsung were confirmed to meet the independence assessment standards and were deemed qualified to serve as the company\u2019s financial and tax certifying accountants.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

A total of 4(A) Audit Committee meetings were held in the previous period. The attendance of the\nindependent directors was as follows:\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Position<\/th>Name<\/th>Actual Attendance (B)<\/th>Proxy Attendance<\/th>Actual Attendance Rate (%) [B\/A]<\/th>Remarks<\/th>\n<\/tr>\n<\/thead>\n
Independent Director<\/td>Huang Wen-Jung<\/td>4<\/td>0<\/td>100%<\/td>\uff0d<\/td>\n<\/tr>\n
Independent Director<\/td>Hsieh Ming-Jen<\/td>4<\/td>0<\/td>100%<\/td>\uff0d<\/td>\n<\/tr>\n
Independent Director<\/td>Lin, Teng-Rong<\/td>4<\/td>0<\/td>100%<\/td>\uff0d<\/td>\n<\/tr>\n
Other mentionable items:
\n1. If any of the following circumstances occur, the dates of meetings, sessions, contents of motion, resolutions of the
\nAudit Committee and the Company's response to the Audit Committee's opinion should be specified:
\n(1) Matters referred to in Article 14-5 of the Securities and Exchange Act.\uff1a Note 1
\n(2) Other matters which were not approved by the Audit Committee but were approved by two-thirds or more of all
\ndirectors.\uff1a None.
\n2. If there are independent directors' avoidance of motions in conflict of interest, the directors' names, contents of motion,
\ncauses for avoidance and voting should be specified:\uff1a None.
\n3.Communications between the independent directors, the Company's chief internal auditor and CPAs (e.g. the material
\nitems, methods and results of audits of corporate finance or operations, etc.)\uff1a Note 2\u3001 Note 3\u3001 Note 4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tNote 1: Matters listed under Article 14-5 of the Securities and Exchange Act\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Term<\/th>Contents<\/th>The opinions
\nof all members<\/th>		The Company's
\nresponse to the
\nAudit Committee's<\/th>\n<\/tr>\n<\/thead>\n
7th Meeting
\nin 3rd
\nSession
\n2025.02.25<\/td>		1.The financial statements of 2024.
\n2.The distribution of retained earnings of 2024.
\n3.The evaluation of external auditor\u2019s independence.
\n4.The statement of internal control system of 2024.
\n5.The business report of 2024.<\/td>		The proposal
\nwas approved
\nas proposed<\/td>		According to
\nthe resolution<\/td>\n<\/tr>\n
8th Meeting
\nin 3rd
\nSession
\n2025.04.29<\/td>		1. The consolidated financial statements for first quarter of 2025.<\/td>The proposal
\r\nwas approved
\r\nas proposed<\/td>		According to
\r\nthe resolution<\/td>\n<\/tr>\n
9th Meeting
\nin 3rd
\nSession
\n2025.07.29<\/td>		1.The financial statements for first half year of 2025.<\/td>The proposal
\r\nwas approved
\r\nas proposed<\/td>		According to
\r\nthe resolution<\/td>\n<\/tr>\n
10th
\nMeeting in
\n3rd Session
\n2025.11.04<\/td>		1.The consolidated financial statements for third quarter of 2025.
\n2.Amendments to the Payroll Cycle Section of the Company's
\n\"Internal Control System\" and \"Internal Audit Implementation
\nRules\".
\n3.Internal auditing proposal of 2026.
\n4.The Company's loan transactions with financial institutions and
\nexecution of various trading contracts.
\n5.Authorization of the financial hedge against foreign exchange
\npositions underwritten by the Company in 2026.<\/td>		The proposal
\r\nwas approved
\r\nas proposed<\/td>		According to
\r\nthe resolution<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Note 2. Communication between independent directors and the chief internal auditor & CPAs<\/span><\/p>

\u00a0<\/p>

(1) The monthly audit report and quarterly follow-up report will be sent to independent directors. Meanwhile, the chief internal auditor will report to the independent directors on business at the Auditing Committee meeting periodically, and communicate with the Committee members about the execution result about the audit report, and follow-up on the deficiencies and suggestions fed back upon internal audit.<\/span><\/p>

\u00a0<\/p>

(2) The CPAs will report to the independent directors about their audit (review) on financial statements and internal control system at the Auditing Committee meeting on a quarterly basis.<\/span><\/p>

\u00a0<\/p>

Meanwhile, they will also communicate with the independent directors about adjustment of entries and whether new\/amended laws and regulations would affect the financial statements.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Note 3. Summary of communications between independent directors and chief internal auditor<\/span><\/p>

\u00a0<\/p>

The communications with the Company’s independent directors about audit operations and results thereof are considered fair.<\/span><\/p>

\u00a0<\/p>

The communications between the independent directors and the internal auditors are listed in the table below.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Date<\/th>Communication focus<\/th>\n<\/tr>\n<\/thead>\n
2025.02.25<\/td>1. Internal audit report in Oct.-Dec.2024.
\n2. Judgment on effectiveness of the internal control system in 2024<\/td>\n<\/tr>\n
2025.04.29<\/td>1. Internal audit report in Feb. - Mar.<\/td>\n<\/tr>\n
2025.07.29<\/td>1. Internal audit report in Apr. - Jun.<\/td>\n<\/tr>\n
2025.11.04<\/td> 1. Internal audit report in Jul. - Sep.
\n2. Audit Project for 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

No additional suggestions have been raised by independent directors at last communication meeting.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Note 4. Summary of communications between independent directors and CPAs<\/span><\/p>

The communications between independent directors and CPAs are considered fair.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

\u00a0The communications between the independent directors and CPAs are listed in the table below.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Date<\/th>Communication focus<\/th>\n<\/tr>\n<\/thead>\n
2025.02.25<\/td>Results of parent company only and consolidated financial statements 2024 and
\ndiscussion and communication about impact posed by new\/amended laws and
\nregulations<\/td>\n<\/tr>\n
2025.04.29<\/td>Result of the Company's consolidated financial statements for 2025 Q1, and discussion
\nand communication about impact posed by new\/amended laws and regulations.<\/td>\n<\/tr>\n
2025.07.29<\/td>Result of the Company's consolidated financial statements for 2025 Q2, and discussion
\nand communication about impact posed by new\/amended laws and regulations.<\/td>\n<\/tr>\n
2025.11.04<\/td>1.Result of the Company's consolidated financial statements for 2025 Q3, and discussion
\nand communication about impact posed by new\/amended laws and regulations.
\n2. The CPAs briefed the key audit matters communicated (before the audit) between the
\nCPAs and governance unit.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

No additional suggestions have been raised by independent directors at last communication meeting.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/div>
\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Sustainability Committee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

In order to establish a good governance system for the Company and actively promote the implementation of corporate sustainable development goals, the Company established a Sustainability Committee under the Board of Directors on April 30, 2024. In accordance with the Company’s “Sustainability Committee Organization Charter”, it will hold at least one meeting each year and report the implementation results and plans to the Board of Directors.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The committee is composed of two independent directors and one director. The committee’s responsibilities and operations are as follows:<\/span><\/p>

Committee Responsibilities<\/span><\/p>

1. Promotion and development of matters related to sustainable development.<\/span><\/p>

2. Promote and strengthen corporate governance and integrity management systems.<\/span><\/p>

3. Supervise other sustainable development related work matters approved by the board of directors.<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tCommittee Operations\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The term of office of this committee is from April 30, 2024 to June 18, 2026. The Sustainability Committee met twice in 2025. The committee’s professional qualifications, experience, and operational status are as follows:<\/span> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Attendance Record\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Title<\/th>Name<\/th>Sustainable
\nexpertise and
\ncapabilities<\/th>		Actual Attendance (B)<\/th>Attendance by Proxy<\/th>Attendance Rate (% B\/A)<\/th>\n<\/tr>\n<\/thead>\n
Convener
\n(Independent
\nDirector)<\/td>		Huang Wen-Jung<\/td>Human rights
\nprotection,
\nCorporate
\ngovernance
\noperations<\/td>		2<\/td>0<\/td>100%<\/td>\n<\/tr>\n
Member
\n(Independent
\nDirector)<\/td>		Lin Teng-Jung<\/td>Enterprise risks,
\nemployee rights
\nprotection<\/td>		2<\/td>0<\/td>100%<\/td>\n<\/tr>\n
Member
\n(Chairman)<\/td>		Chiang Ming-Li<\/td>Corporate
\ngovernance
\noperations,
\nenergy conservation
\nand carbon
\nreduction energy
\nmanagemen<\/td>		2<\/td>0<\/td>100%<\/td>\n<\/tr>\n
<\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t
Meeting Date<\/th>Contents<\/th>Discussion\/resolution status<\/th>\n<\/tr>\n<\/thead>\n
2th
\nMeeting in
\n1st Session
\n2025.02.25<\/td>		1. Report on the implementation of the company's greenhouse gas
\ninventory.
\n2. Report on the self-assessment results of the governance evaluation
\n3. Discuss the preparation and implementation of the company's
\nperpetual report.<\/td>		The proposal was passed after
\nconsultation with the other members
\npresent and no objections were raised.
\nIt was then submitted to the Board of
\nDirectors for report and resolution.<\/td>\n<\/tr>\n
3th
\nMeeting in
\n1st Session
\n2025.07.29<\/td>		1. Report on the implementation of the company's greenhouse gas
\ninventory.
\n2. Discuss the company's 2024 sustainability report.
\n3. Discuss and formulate the company's greenhouse gas reduction
\nmanagement policy.
\n4. Discuss and formulate the company's internal carbon pricing
\npolicy.
\n5. Discuss and formulate the company's intellectual property
\nmanagement policy and management plan.<\/td>		The proposal was passed after
\nconsultation with the other members
\npresent and no objections were raised.
\nIt was then submitted to the Board of
\nDirectors for report and resolution.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/div>\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Functional Committee Operation of Functional Committees Operation Status of the Compensation CommitteeOperation Status of the Audit CommitteeOperation Status of the Sustainability Committee The company’s Compensation Committee was established on December 27, 2011. All committee members are independent directors, with one independent director elected by the members to serve as the chairperson. Professional Qualifications and Experience […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[84,83],"tags":[],"post_folder":[82],"class_list":["post-3801","post","type-post","status-publish","format-standard","hentry","category-regulations","category-csr"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/posts\/3801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/comments?post=3801"}],"version-history":[{"count":6,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/posts\/3801\/revisions"}],"predecessor-version":[{"id":13852,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/posts\/3801\/revisions\/13852"}],"wp:attachment":[{"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/media?parent=3801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/categories?post=3801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/tags?post=3801"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/www.greatchina.com.tw\/en\/wp-json\/wp\/v2\/post_folder?post=3801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}