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Implement The Policy on Member of The Board Diversity

Diversity Policy

Our company incorporates the concept of board diversity in the "Practical Guidelines for Corporate Governance" and "Procedures for Election of Directors." It stipulates that the selection of directors should include, but not be limited to, the following basic criteria and values in two major aspects:

  • Basic requirements and values
    > Gender, age, nationality, and culture.
    > Only the labor director may concurrently serve as an employee of the Company.
    > Independence.
  • Professional knowledge and skills
    At least two of the Company's directors should have accounting and financial expertise, one of whom shall be an independent director, and the other directors shall have at least one of the professional skills and experiences in law, industry, operation management, procurement and marketing, land administration or land development, or energy and environment.

Each board member shall have the necessary knowledge, skill, and experience to perform their duties; the abilities that must be present in the board as a whole are as follows:

  • The ability to make judgments about operations.
  • Accounting and financial analysis ability.
  • Business management ability.
  • Crisis management ability.
  • Knowledge of the industry.
  • An international market perspective.
  • Leadership ability.
  • Decision-making ability.

Specific Management Goals and Current Implementation Status

Regarding the overall composition of the Board of Directors, the Company's ideal goal is to assemble members with diverse genders, ages, expertise, and backgrounds. Additionally, the 'Corporate Governance Best Practice Principles' stipulate that directors who are concurrently serving as company executives should not exceed one-third of the total number of board seats. Furthermore, there should be no spousal or close familial relationships (within two degrees of kinship) among the board members.

The Board of Directors of the Company consists of 11 members, including 3 independent directors. In the 20th term of the board, aside from one seat being held by a labor director recommended by the Company’s labor union, there are no directors who also serve as executives. The expertise of the board members spans various fields, including administrative management, financial accounting, industrial management, occupational health and safety, environmental protection, steel industry, and labor welfare. Furthermore, none of the independent directors have been re-elected for three consecutive terms.

Management Goals Implementation Status
Directors who also serve as company executives should not exceed one-third of the total director positions. No directors hold concurrent positions as company executives.
Directors should not have immediate family relationships within two degrees of consanguinity. There are no familial relationships within two degrees of consanguinity among the directors.
1 Labor Director. There is currently 1 Labor Director recommended by the company's labor union.
3 Independent Directors. There are 3 Independent Directors.
Independent Directors should not be reelected for more than three consecutive terms. There is no situation of Independent Directors being reelected for more than three consecutive terms.
The board of directors should include at least one female director. There is 1 Female Director.

Implementation of the Diversity for Board Members

Basic Composition Experience and Background
Name Gander Employees working in the company concurrently Age Distribution Job Tenure Distribution of Independent Directors The ability to make judgments about operations Accounting and financial analysis ability Business management ability Crisis management ability Knowledge of the industry An international market perspective Leadership ability Decision-making ability
Chao Chien-Tsai Male   60-65    
Liu Chi-Hsiao Male   55-60        
Wang Tsui-Chin Female   60-65      
Hsieh Chin-Chang Male 55-60          
Chou Wen-Hsien Male   60-65    
Chang Chen-Wu Male   55-60    
Chen Yong-Xian Male   60-65      
Huang Jing-Tsong Male   60-65      
Lian Wun-Bin Male   70-75 9-10    
Chu Pei-Hung Male   55-60 1-2    
Hou Chin-Hsing Male   65-70 1-2