The evaluation procedures on the performance of the Company’s Board of Directors are conducted in accordance with the “Rules for Performance Evaluation of Board of Directors” established on November 12, 2019. The Board conducts an annual performance evaluation for the previous year, and the evaluation items include the overall operation of the Board, the Audit Committee, and the Remuneration Committee. Each director is also required to conduct a self-evaluation. The criteria for evaluating the Board, the Audit Committee, and the Remuneration Committee included as the following.
Board of Directors’ Performance Evaluation Criteria：
1、Participation in the Company’s operations.
2、Improvement of the Board’s decision-making quality.
3、Composition and structure of the Board of Directors.
4、Selection and ongoing education of directors.
5、Internal control.
Functional Committee Performance Evaluation Criteria：
1、Participation in the Company’s operations.
2、Understanding of the duties of the functional committee.
3、Improvement of the functional committee’s decision-making quality.
4、Composition and member selection of the functional committee.
5、Internal control.
Director Performance Evaluation Criteria：
1、Understanding of the company’s goals and tasks.
2、Understanding of the director’s duties.
3、Participation in the Company’s operations.
4、Management of internal relationships and communication.
5、Professionalism and continuing education of the director.
6、Internal control.
The evaluation is conducted by the Finance Department using an internal questionnaire. It covers four parts: Board of Directors’ operations, Directors’ participation, Compensation Committee operations, and Audit Committee operations. The evaluation includes assessments by directors on the board’s operations, self-assessments by directors on their own participation, assessments by the Compensation Committee on its operations, and assessments by the Audit Committee on its operations. The performance evaluation results will serve as a reference for selecting or nominating directors, and the results for directors and functional committee members will be used as a basis for determining individual compensation.
After collecting all questionnaires in January each year, the Finance Department will analyze the results according to the aforementioned method. The results will be submitted to the Board of Directors, and suggestions for strengthening and improving the board’s operations will be considered. The company completed the performance evaluations for the Board of Directors, directors, Compensation Committee, and Audit Committee in January of the 2024th year. The results were reported at the Board of Directors meeting held on March 13, 2024th year, outlining the direction for continued enhancement in the 2024th year. The evaluation scores for the current year ranged from 1 to 5, indicating a satisfactory performance.
The results of the 2023 Board of Directors’ Performance Evaluation are as follows:
1、The overall self-evaluation of the Board of Directors’ performance is excellent.
2、The overall self-evaluation of the Audit Committee and the Remuneration Committee is outstanding.
3、The overall self-evaluation of the director’s performance is excellent to outstanding.
The detailed content of the above performance evaluation was reported to the Board of Directors on March 13, 2024.
The results of the 2022 Board of Directors’ Performance Evaluation are as follows:
1、The overall self-evaluation of the Board of Directors’ performance is excellent.
2、The overall self-evaluation of the Audit Committee and the Remuneration Committee is outstanding.
3、The overall self-evaluation of the director’s performance is excellent to outstanding.
The detailed content of the above performance evaluation was reported to the Board of Directors on March 15, 2023.