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Corporate Governance

Corporate Governance

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Corporate Governance

Taiwan's top 20% of listed companies by the third Corporate Governance Evaluation! The Company has established a Code of Corporate Governance to establish a sound corporate governance system and improve corporate governance performance. The third corporate governance evaluation conducted by the Stock Exchange in 2016, the company's performance in the listed companies (a total of 843 companies) ranked the top 20%. We will continue to improve the relevant rules and regulations, strengthen the functions of the board of directors, reinforce the disclosure of information, enhance functional committee operation, and ascertain the implementation of corporate governance.

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Functional Committee

TCC board of directors set up two functional committees:

一. Remuneration Committee

TCC has set up the remuneration committee charter and three seats of the remuneration committee in accordance with the provisions of Article 3 of Regulations Governing Exercise of Power for Public Company of Remuneration Committee, to improve and supervise the remuneration system of the directors and managers of the Company and maintain the investors or shareholders' equity.

Remuneration Committee members

Position Name
Members and convener Xiao-dong Chang
Members Chun-wei Liu
Su-chin Chuang

 

二. The Audit Committee

TCC shall, in accordance with Article 3 of Regulations Governing Exercise of Power for Public Company of Audit Committee, stipulate that the Audit Committee shall formulate the charter and shall consist of all the independent directors (three seats) of the Company and shall meet at least once a quarter. The purpose of its establishment is to assist the Board of Directors in supervising the Company's execution of the relevant financial statements, the choice of the CPA and the independence and performance, the effective implementation of the internal control, the Company's compliance with relevant laws and regulations, or the control of existing or potential risks  of the Company, including the quality and integrity of accounting, auditing, financial reporting processes and financial controls.

The Audit Committee shall have the right to conduct any proper review and investigation in accordance with its charter and to have direct contact with the internal auditors, CPA and all employees in the performance of its duties. It also has the power to hire and supervise lawyers, accountants or other consultants to assist the Audit Committee in the performance of its duties.

The matters to be approved by the Audit Committee are mainly included:

  • Set or amend the internal control system.
  • Evaluation of the Effectiveness of Internal Control System.
  • Formulate or amend the processing procedures for obtaining or disposing of assets, engaging in derivative commodity transactions, lending funds to others, endorsing or providing guarantees for others.
  • Involving the directors' own interests.
  • Significant assets or derivative commodity transactions.
  • Significant capital loans, endorsements or guarantees.
  • To raise, issue or privately place the securities of an equity nature.
  • The appointment, dismissal or remuneration of an accountant.
  • Appointment and dismissal of head of financial, accounting or internal audit.
  • Annual financial report and semi-annual financial report.
  • Other company or the authority of the major matters.

 

Member of the Audit Committee

Position Name
Members Hsin-huei Yen
Xiao-dong Chang
Yao-wen Lin

 

Prospects 未來展望

Future Prospects

  • Improve Operational Performance

  • Actively Expand Business

  • Strengthen Corporate Governance and Corporate Social Responsibility

  • Strengthen Human Resources

  • Respond to Electricity Liberalization

BACK
  • Integrity

  • Attentiveness

  • Efficiency

  • Professional

  • Enthusiasm