1.Member of the Audit Committee
|
Title |
Criteria
Name |
Professional Qualification Requirements and Work Experience |
|
Independent director
(convener) |
Chou Tse Yi |
Chief of Accountant, USI, with accounting and financial analysis and crisis management skills, leadership and decision-making ability |
|
Independent director |
Renn Jyh Chyang |
Professor of Department of Mechanical Engineering, National Yunlin University and Consultant of Taiwan Fluid Power Association, with industry knowledge and crisis management skills |
|
Independent director |
Lin Ken Mao |
Chairman of Welldar Industrial Co., Ltd., with ability of operation management and operational judgment |
|
Independent director |
Huang Yi Wen |
Attorney-at-law of H.Y. Construction Law Firm, with crisis management skills and leadership ability |
2.Main duties of the Audit Committee
A.The main function of the Audit Committee is to supervise the following matters:
(1) Fair presentation of the financial reports.
(2) The hiring (and dismissal), independence, and performance of certificated public accountants.
(3) The effective implementation of the internal control system.
(4) Compliance with relevant laws and regulations by the Company.
(5) Management of the existing or potential risks of the Company.
B. The Audit Committee is responsible for reviewing the following:
(1) The adoption of or amendments to the internal control system.
(2) Assessment of the effectiveness of the internal control system.
(3) The adoption or amendment, of the procedures for handling financial or business activities of a material nature, such as acquisition or disposal of assets, derivatives trading, loaning of funds to others, and endorsements or guarantees for others.
(4) Matters in which a director is an interested party.
(5) Asset transactions or derivatives trading of a material nature.
(6) Loans of funds, endorsements, or provision of guarantees of a material nature.
(7) The offering, issuance, or private placement of equity-type securities.
(8) The hiring or dismissal of a certified public accountant, or their compensation.
(9) The appointment or discharge of a financial, accounting, or internal audit officer.
(10) Annual financial reports which are signed or sealed by the chairperson, managerial officer, and accounting officer.
(11) Other material matters as may be required by this Corporation or by the competent authority.