Committees of the Board
Audit Committee (The third term: June 23, 2022 to June 22, 2025)
Date of establishment: June 15, 2016
Organizational Rules: Audit Committee Organizational RulesWork summary and operation situation
The audit committee of the company is composed of three independent directors. The audit committee aims to assist the board of directors in supervising the quality and integrity of the company's implementation of accounting, auditing, financial reporting procedures and financial control.
The audit committee's main purpose is to monitor the following matters:
- Appropriate expression of the company's financial statements.
- The selection (dismissal) and independence and performance of certified accountants.
- Effective implementation of the company's internal control.
- The company complies with relevant laws and regulations.
- The company complies with relevant laws and regulations.
Audit financial report
The board of directors submitted the company's annual business report, surplus distribution proposal, financial report, and consolidated financial report, which have been reviewed by the audit committee and found no discrepancies.
Assess the effectiveness of the internal control system
The audit committee evaluated the effectiveness of the company's internal control system policies and procedures (including financial, operational, risk management, information security, outsourcing, legal compliance and other control measures), and reviewed the company’s audit department, certified accountants, and management’s regular Reports, including risk management and compliance. With reference to the internal control system released by COSO-the integrated structure of internal control, the audit committee believes that the company's risk management and internal control systems are effective, and the company has adopted necessary control mechanisms to monitor and correct violations.
Salary and Compensation Committee (the fifth term: June 23, 2022 to June 22, 2025)
Date of establishment: October 21, 2011
Organizational Rules: Organizational Rules of Salary and Compensation Committee
Brief introduction of committee members
The attendance of each committee
For the holding of the committee's meeting and the attendance rate of each committee member, please refer to the company’s annual reports or "Market Observation Post System" (https://mops.twse.com.tw/mops/web/t100sb03_1) query.
Corporate Governance and Sustainable Development Committee(The second term：June 23, 2022 to June 22, 2025)
Date of establishment: November 5, 2021
Organizational Rules：Corporate Governance and Susta
The Corporate Governance and Sustainable Development Committee consists of 7 members, including 4 independent directors. The Corporate Governance and Sustainable Development Committee aims to review risk assessments related to environmental, social, or corporate governance issues pertinent to the company's core operations and to formulate relevant management policies or strategies.
The main objectives of the Corporate Governance and Sustainable Development Committee are:
- Reviewing regulations such as the " Sustainable Development Guidelines of Eternal Materials Co., Ltd. " and the " Governance Regulations of Eternal Materials Co., Ltd.".
- Establishing annual sustainability plans and strategic directions, including reviewing the sustainability report.
- Formulating and tracking the implementation and effectiveness of corporate sustainability projects and activities.
Nomination Committee (The first term：November 10, 2023 to June 22, 2025)
Date of establishment: November 10, 2023
Organizational Rules：Nomination Committee Organizational Rules Work summary and operation situation
The Nomination Committee consists of four independent directors.
The Nomination Committee aims to enhance the functionality of the board of directors and strengthen the management mechanisms.
The main objectives of the Nomination Committee are:
- To establish the standards for the professional knowledge, skills, experience, diversity, and independence required of board members, and to use these standards to identify, review, and nominate director candidates.
- To develop and organize the structure of the board of directors and its various committees, conduct performance evaluations of the board, its committees, and individual directors, and assess the independence of independent directors.
- To formulate and regularly review the directors' continuing education program and succession plans for directors.