The Remuneration Committee is comprised of three independent directors. The Remuneration Committee is responsible for periodically reviewing these procedures and proposing any amendments, setting and regularly reviewing performance assessment and salary compensation policies, systems, standards and structure of the Company’s directors and managers and periodically assessing to determine the items and amount of compensation for the Company’s directors and managers.The Remuneration Committee shall faithfully carry out the duties and submit any proposals to Board of Directors meeting for discussions.

Fourth term of office: 2020/5/29-2023/5/28

Wang, Yi-Min is the chairman of Remuneration Committee.
Wang, Chih-Li and Chen, Rwei-Syun are the members of Remuneration Committee.

Remuneration Committee shall convene at least twice annually.
Please refer to our annual report for more information about the Remuneration Committee

 

Remuneration Policy

The Remuneration Committee determines and periodically assesses the pay level and the structure of compensation system to ensure its compliance with fairness and appropriate regulations. Besides the general pay levels in the market, the result of industry salary survey and industry life cycle, the Remuneration Committee shall also consider fairness, consistency, external competitiveness, the Company’s financial condition and directors and managers’ achievement in corporate governance and operational goals when it comes to remuneration.

In pursuit of sustainable operation, the Remuneration Committee will assess the Board members’ remuneration and their sustainability performance (including environmental protection, employee care and social welfare) in the future.

 

Performance Assessment

Assessment indicators of the Company’s Remuneration Committee includes the following aspects in consideration of the Company’s situation and needs:

  1. Participation in company operations
  2. Follow the principle of recusal to avoid conflict of interest
  3. Review performance assessment and salary compensation policies, systems,standards and structure of the Company’s directors and managers
  4. Assess and determine the items and amount of compensation for the Company’s directors and managers

The Company completed self-assessment of the Remuneration Committee for 2019 and the result of self-assessment was presented at the Board meeting on March 11, 2020.