Remuneration Committee

薪酬委員會

The operation of the Remuneration Committee

  1. In order to improve the effectiveness of corporate governance and solidify its remuneration system for directors and managers, the Company set up the Remuneration Committee in 2011 which comprised three Independent Directors, of whom, one is the convenor. The Remuneration Committee plans and assesses the Company’s overall remuneration policy with its independent, objective and professional experience, and has been operated smoothly.
  2. The term of office of the fourth committee expired, and on May 25, 2022, the Board of Directors elected the three independent directors as the members of the fifth Remuneration Committee with a 3-year term from May 26, 2022 to May 25, 2025.
  3. The powers of Remuneration Committee
    1. The Committee members should perform the following duties in good faith ① to ensure that the Company’s compensation and remuneration policies meet applicable laws and regulations for listed companies and attract talents and ② with the care of a good administrator:  
       a. Periodically establishing and reviewing the performance evaluations of Directors and chief officers, and
            policies, systems, standards and  structure of compensation and remuneration.
       b. Periodically assess the result of annual and long-term performance goals of Directors and chief officers,
            setting the inclusions and amount of compensation for each individual and proposing to the Board of
            Directors for discussion and resolution.
                              

Attendance in the Remuneration Committee meetings

Current term of office for the Remuneration Committee: From May 26, 2022 to May 25, 2025. There was 9 meeting held, and the attendance of committee members is as follows:

Title Name Actual attendance
(A)		 Attend through proxy Mandatory attendance (A)
(B)		 Attendance rate %
(B/A)		 Remarks
Remuneration Committee convener
 		 Huang, Kuo-Feng 9 0 9 100% NA
Remuneration Committee members Chen, Li-Yuan 9 0 9 100% NA
Remuneration Committee members Huang, Kuei-Jung 9 0 9 100% NA
 

Major resolutions of the Remuneration Committee and implementation status

Major resolutions of the Remuneration Committee in 2024 and implementation status Implementation status in the past years

Remuneration Committee Agenda Status of implementation:
2024.1.11
6th Meeting of the 5th Board of Directors
  • Proposed approval of the company's 2023 annual year-end bonuses for executives.
  • Discussed and approved, submitted to the board for resolution, and paid on February 5, 2024.
2024.3.11
7th Meeting of the 5th Board of Directors
  • Proposed approval of the company's 2023 employee and director remuneration allocation.
  • Proposed approval of the company's 2024 executive compensation plan.
  • No employee or director remuneration allocated for 2023 due to pre-tax losses, in accordance with Article 129 of the company’s bylaws. This will be reported at the 2024 annual shareholders’ meeting.
  • The 2024 executive compensation plan was discussed and approved, submitted to the board for resolution.
2024.5.6
8th Meeting of the 5th Board of Directors
  • Proposed amendments to the company's "Remuneration Policy for Directors, Committee Members, and Executives".
  • Discussed and approved, submitted to the board for resolution.
2024.7.11
9th Meeting of the 5th Board of Directors
  • Proposed approval of the company's 2024 executive compensation plan.
  • Proposed approval of the company's 2024 executive performance bonuses.
  • Discussed and approved, submitted to the board for resolution.
 

Implementation status in the past years

File name File type File download
Major resolutions of the Remuneration Committee in 2023 and implementation status PDF download
Major resolutions of the Remuneration Committee in 2022 and implementation status PDF download
Major resolutions of the Remuneration Committee in 2021 and implementation status PDF download
Major resolutions of the Remuneration Committee in 2020 and implementation status PDF download
Major resolutions of the Remuneration Committee in 2019 and implementation status PDF download