Functional Committees
INVESTOR RELATIONS
Name and Profiles:
Independent Directors:
CHANG, CHIEN-JEN (Chairman, Synergy Investment Co., Ltd)
LI, WEN-CHIEH (Partner, Lee and Li Attorneys-at-Law)
PAN, LI-FANG (Chief Financial Officer, Formosa Pharmaceuticals, Inc.)
To strengthen oversight and enhance governance, the Audit Committee was established by the Board on November 21, 2024. The committee consists ntirelye of independent directors, with at least three members, one serving as the convener, and at least one possessing expertise in accounting or finance.
Responsibilities of the Audit Committee:
- Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
- Assess the effectiveness of the internal control system.
- Establish or amend procedures for major financial transactions, including asset acquisitions/disposals, derivatives trading, lending of funds, and guarantees, as per Article 36-1 of the Securities and Exchange Act.
- Review transactions involving director conflicts of interest.
- Oversee major asset or derivatives transactions.
- Evaluate significant loans, endorsements, or guarantees.
- Approve the issuance or private placement of equity-related securities.
- Appoint, dismiss, or determine the remuneration of the certified public accountant (CPA).
- Approve the appointment or dismissal of senior executives in finance, accounting, or internal audit.
- Review annual financial statements and Q2 financial reports, signed by the Chairman, management, and accounting officers, and certified by an independent CPA.
- Address other material matters as required by the company or regulatory authorities.
Name and Profiles:
Independent Directors:
CHANG, CHIEN-JEN (Chairman, Synergy Investment Co., Ltd)
LI, WEN-CHIEH (Partner, Lee and Li Attorneys-at-Law)
PAN, LI-FANG (Chief Financial Officer, Formosa Pharmaceuticals, Inc.)
To strengthen oversight and enhance management functions, the Board of Directors established the Compensation Committee on November 21, 2024. The committee members are appointed by board resolution and consist of at least three members, including at least one independent director or independent professionals. The members elect a chairperson who also serves as the meeting convener.
Responsibilities of the Remuneration Committee:
- Regularly review and propose amendments to this charter.
- Establish and periodically review the performance evaluation criteria and objectives for directors and executives, as well as the compensation policies, systems, standards, and structures.
- Periodically evaluate the performance of directors and executives and determine their compensation based on performance assessments.
Name and Profiles:
Directors:
CHEN, CHIH-FU (Chairman, AM-POWER MACHINE INTERNATIONAL ENTERPRISE CO.)
CHEN, KUANG-YUN (Director, AM-POWER MACHINE INTERNATIONAL ENTERPRISE CO.)
Independent Directors:
LI, WEN-CHIEH (Partner, Lee and Li Attorneys-at-Law)
To fulfill corporate social responsibility, address stakeholder concerns on Environmental, Social, and Governance (ESG) risks and responses, and align with global trends, the Board of Directors established the Sustainability Committee on November 21, 2024. The committee serves as the decision-making and supervisory body for the company’s sustainability initiatives, covering three key areas: Environment (E), Social (S), and Governance (G). It is also responsible for assisting the Board in advancing sustainable development and long-term business sustainability.
Responsibilities of the Sustainable Development Committee:
- Develop, implement, and enhance the company’s sustainability policies, annual plans, and strategies.
- Review, monitor, and revise the execution and effectiveness of sustainability initiatives.
- Oversee sustainability disclosures and review the Sustainability Report.
- Supervise the implementation of the company’s Sustainability Guidelines and other sustainability-related initiatives approved by the Board.