Performance Evaluation and Remuneration

Performance Evaluation of the Board and Functional Committees

 

(1)Internal Performance Evaluation 

Self-evaluation 

Evaluation cycle

Evaluation period

Scope of evaluation

Method of

evaluation

Evaluation contents

Evaluation contents

2022.10~

2023.09

Board of Directors

Board of Directors’ self-evaluation and executed by the deliberative unit.

  
  • The level of participation in the company's operation/Directors' sense of duty and level of participation in the company's operation.
  • Enhancing the quality of board decision-making/grasp of the company's goals and tasks as well as the management and communication of internal relations.
  • Composition and Structure of the Board of Directors.
  • Appointment of Directors and Continuing Education.
  • Internal Control.
 

Evaluation contents

2022.10~

2023.09

Individual Directors

Individual Directors’ self-evaluation and executed by the deliberative unit.

Once a year

2022.10~

2023.09

Audit Committee

Members’ self-evaluation and executed by the deliberative unit.

  
  • Degree of involvement in the company's operations
  • Understanding of the responsibilities of functional committees.
  • Improving the decision-making quality of functional committees.
  • Composition and appointment of functional committee members.
  • Internal control.

Once a year

2022.10~

2023.09

Remuneration Committee

Independent Directors’ self-evaluation and executed by the deliberative unit.

  
  • Degree of involvement in the company's operations.
  • Understanding of the responsibilities of functional committees.
  • Improving the decision-making quality of functional committees.
  • Composition and appointment of functional committee members.
 

Once a year

2022.10~

2023.09

Corporate Governance and Nomination Committee

Independent Directors’ self-evaluation and executed by the deliberative unit.

 

The Company's Board of Directors has approved the "Methods to Evaluate Performance of the Board of Directors" on October 29, 2017. The Company executes the performance evaluation once a year. The members of the Board of Directors and functional committees and the responsible departments for Board of Directors meetings has processed internal performance evaluation on the “Board of Directors”, ”Director members”, “Audit Committee”, “Remuneration Committee” and “Corporate Governance and Nomination Committee”. The assessment results will be classified into three levels: Exceeding Expectations, Meets Expectations, and Room for Improvement.

 

In 2023, the self-evaluation results of the “Board of Directors”, “Audit Committee”, “Remuneration Committee” and “Corporate Governance and Nomination Committee” were rated as "Exceeding Expectations" and no material improvement items were found. The evaluation results will submit to the Board of Directors in the first Board meeting in 2024 and will be as a reference for members of the Board of Directors and functional committees on their performance, compensation and nomination renewal.

 

 

(2)External performance evaluation

External Evaluation

Evaluation cycle

Evaluation period

Scope of evaluation

Method of

evaluation

Evaluation contents

Once every 3 years

2023.09~

2024.08

Board of Directors

Evaluation was conducted by online self-assessment questionnaire and field visit.

Taiwan Corporate Governance Association was entrusted to evaluate the effectiveness of the external board of directors in eight aspects, including composition, guidance, authorization, supervision, communication, internal control and risk management, self-discipline and support system through online self-assessment questionnaire and field visit.