Corporate Governance
Audit Committee
The Audit Committee aims to improve the company's governance system, strengthen the functions of the board of directors, and enhance the company's governance standards through professional division of labor and an independent and impartial stance.
Responsibilities of the Audit Committee
- Appropriate presentation of financial statements.
- Effectiveness assessment of internal control systems.
- Control of existing or potential risks of the company.
- Material transactions in assets or derivatives.
- Raise, issue, or place private equity securities.
- Appointment or discharge of a finance manager, accounting manager or chief internal auditor.
- Other major matters stipulated by the Corporation or regulators.
- Assessment of CPAs Independence and AQI.
- Complies with relevant laws and regulations.
- Items that involve the director's own interests.
- Material loans to others, provision of endorsement or guarantee.
- Appointment, discharge or remuneration of CPAs.
- Annual financial report and semi-annual financial report.
According to the laws of the Republic of China, the members of the Audit Committee shall be composed of all independent directors; the Audit Committee of our company was established on June 22, 2016 in compliance with the provisions of the law. The term of office of the current Audit Committee is from May 28, 2025 to May 27, 2028, and there are 3 members in total. The Audit Committee holds regular meetings at least once a quarter. For details of the meetings, please refer to the annual reports.
2024 Communication between the Independent Director and the Internal Audit Manager and CPA
Communication between the Independent Director and the Internal Audit Manager is as follows:
- The internal audit manager may communicate with Independent Directors regularly and directly based on actual requirements and the communication is good. (2) The Corporation uses electronic forms to compile monthly reports on the audits and improvement status in the previous month and submit reports to Independent Directors for review.
- The Corporation's internal audit manager reports the key audit tasks to Independent Directors in the regular meetings of the Audit Committee.
- The communication between the independent director and the internal audit supervisor is as follows:
| Date | Meeting | Key Communication Points | Communication Situation and Results |
| 2024.03.06 | 3nd term 10th meeting Audit Committee | Report on audit work for the fourth quarter of 2023 | Noted (No opinions) |
| 2024.03.27 | 3nd term 11th meeting Audit Committee | Issued 2023 internal control statement | Approved by all members present by discussion without any opinion |
| 2024.05.08 | 3nd term 12th meeting Audit Committee | Report on audit work for the first quarter of 2024 | Noted (No opinions) |
| 2024.08.07 | 3nd term 13th meeting Audit Committee | Report on audit work for the second quarter of 2024 | Noted (No opinions) |
| 2024.11.05 | 3nd term 14th meeting Audit Committee | Report on audit work for the third quarter of 2024 2025 Annual Audit Plan |
Noted (No opinions) Approved by all members present by discussion without any opinion |
| 2024.12.17 | Communication Meeting | Subsidiary Audit Report | Noted (No opinions) |
Communication between the Independent Director and CPA is as follows:
- CPA reports the key audit tasks to Independent Directors on the results of their review or audit of the financial statements and its domestic and overseas subsidiaries and the status of their internal control audits in the regular meetings of the Audit Committee.
- CPA communicates with the Audit Committee members and other attendees regarding issues.
| Date | Meeting | Key Communication Points | Communication Situation and Results |
| 2024.03.27 | 3nd term 11th meeting Audit Committee | Report on Communication between accountants and Corporate Governance Unit (2023) | Adopted by all attendees without opinion after being discussed by the accountants and attendees |
| 2024.05.08 | 3nd term 12th meeting Audit Committee | Report on Communication between accountants and Corporate Governance Unit (2024 Q1) | Adopted by all attendees without opinion after being discussed by the accountants and attendees |
| 2024.08.07 | 3nd term 13th meeting Audit Committee | Report on Communication between accountants and Corporate Governance Unit (2024 Q2) | Adopted by all attendees without opinion after being discussed by the accountants and attendees |
| 2024.11.05 | 3nd term 14th meeting Audit Committee | Report on Communication between accountants and Corporate Governance Unit (2024 Q3) | Adopted by all attendees without opinion after being discussed by the accountants and attendees |
