Operation of The Remuneration Committee

Home»Corporate Governance»Functional Committee»Operation of The Remuneration Committee

Operation of The Remuneration Committee

  • I. Operation of The Remuneration Committee
  • i. The Remuneration Committee has three seats, convened and chaired by Dr. Wei-Ta Pan.
  • ii. The Remuneration Committee held three committee meetings (A) in the previous years, and the attendance of members is tabulated below:
  • Title Name Attendance in Person (B) Attendances Through Proxy Attendance Rate (%) [B/A] Remarks
    Chairman Dr. Wei-Ta Pan 3 0 100 Re-appointed on 2019/7/12
    Member Chi-Chih Lu 1 0 100 Resigned on 2019/7/12
    Member Samuel Lee 3 0 100 Re-appointed on 2019/7/12
    Member Hung Ching Lee 2 0 100 Newly appointed on 2019/07/12
  • Additional Disclosure:
  • (1) The date of the meeting, session, content of the motion, resolutions resolved by the BoD, and the Company’s response to the remuneration committee’s opinion shall be specified should the BoD declines to adopt or choose to modify suggestions proposed by the remuneration committee: NA.
  • (2) Should the remuneration committee expressed objections or reservations on the committee’s resolutions, the date of the meeting, session, content of the motion, all members’ opinions and the response to members’ opinion should be specified: NA.
  • II. Establishment of the “Remuneration Committee Charter”
    On August 31, 2011, the BoD approved the “Remuneration Committee Charter” in accordance with relevant regulations. Tenure for the Committee is the same as that of the Board of Directors.
  • III.The Remuneration Committee member is composed of three members, including Dr. Wei-Ta Pan, Mr. Samuel Lee, and Mr. Hung Ching Lee. While, Dr. Wei-Ta Pan was elected to convene the Committee and served as the Chair of Committee meetings.
  • The Committee shall exercise the due care of a good administrator to faithfully perform the following duties and present its recommendations to the Board of Directors for discussion:
  • Establish and periodically review the performance evaluation and the policies, systems, standards, and structure for the remuneration for Directors and management personnel.
  • Periodically assess and determine the remuneration and compensation of Directors and management personnel.
  • IV.The 1st Remuneration Committee was established on September 30, 2011 and three terms have passed since. The 4th committee was appointed to accompany the newly elected BoD on July 12, 2019. The tenure is for three years from July 12, 2019 to June 20, 2022, the same termination date as the end of the BoD term. A total of three committee meetings were held in FY2019.
  • V.Major Resolution Resolved by The Remuneration Committee Meeting:
  • Date of Resolution Committee Term Session Summary of Resolution Opinions Expressed by The Committee Members and Company’s Response
    2019/03/19 3 9 • Approved the distribution plan for FY2018
    employees’ bonus and remuneration to Directors
    Approved by all committee
    members unanimously.
    2019/08/02 4 1 •Approved the detailed distribution plan for FY2018
    employees’ bonus and remuneration to Directors
    2019/12/10 4 2 • Approved the distribution plan for FY2019 year-end
    bonus for employees