Corporate Governance
Board of Directors
Chairman of the Board: Taiqiao Investment Co., Ltd. Representative – Chen-Long, Tsai
Education/Experience
- Bachelor of Information Systems, Western International University
- Master of Electronic Computer Engineering, Arizona State University
Vice President, Sales & Marketing Department, Luxshare Precision Co., Ltd.
Experience
- Chief Strategy Officer, Strategy Committee, Luxshare Precision Co., Ltd.
- Director, Stech International Co., Ltd.
- Director, Space Speed Technology Ltd.
- Chairman, Speedtech (LS-ICT) Co., Ltd.
- Legal Representative, Luxshare-ICT, Inc.
- Legal Representative, Dongguan Leader Precision Industry Co., Ltd.
- Director, Luxshare Precision Components (Kunshan) Co., Ltd.
- Chairman, Speed Tech ICT SDN.BHD.
- Director, Castle Rock, Inc.
- Chairman, ABLBRIDGE CORPORATION
- Chairman, Assem Technology Co., Ltd.
Director: Taiqiao Investment Co., Ltd. Representative – Zhi-Ren, Chang
Education/Experience
- Master of Mechanical Engineering, National Central University
Director of Sales & Marketing Department, Speed Tech Corp.,
Director: Taiqiao Investment Co., Ltd. Representative – Jin-Cheng, Li
Education/Experience
Hongguo Delin University of Science and Technology Information Engineering
Current Position(s)
Director of Taiwan Luxshare Precision Co., Ltd.
Principal, Castle Rock, Inc.
- Person in charge of Chengxin Investment Co., Ltd.
Director: Jian-Ping, Yang
Education/Experience
- Department of Mechanical Drafting, Taipei Kainan High School
Chairman of the Board, TaiHan Precision Technology Co., Ltd.
Current Position(s)
Director, Yuguang Investment Co., Ltd.
- Director, Laijue Lifestyle and Leisure Corp.,
Independent Director: Wei-Min, Zhuang
Education/Experience
- Master of Business Administration, City University of New York
Chief Financial Officer, DV Biomed Co., Ltd.
Current Position(s)
- Director, Financial (Management) Department, Kwan’s International Co., Ltd.
Independent Director: Yi-Ping, Chen
Education/Experience
Master of Finance, National Taiwan University.
Director, For Win Assets Management Ltd.
Current Position(s)
Director/President, For Win Assets Management Ltd.
Director/President, Gloria Beauty Co., Ltd.
Director, Toplogis Inc.
Director, Gift Inc.
Independent Director: Jun-Yi, Lin
Education/Experience
Bachelor of Laws, Fu Jen Catholic University
Completion of 42nd Phase at Academy for the Judiciary, Ministry of Justice
Current Position(s)
Attorney in-charge, Heng Sheng Law Firm
Legal Representative Director, Hold Jinn Electronics Co., Ltd.
Legal Representative Director, Max Zipper Co., Ltd.
Legal Representative Director, Kinmen Kaoliang Liquor Inc.
Legal Representative Director, Taiwan Sports Lottery Co., Ltd.
Independent Director: Ding-Jun, Zhong
Education/Experience
Master’s degree from the Institute of International Business, National Taiwan University
Director/General Manager of Enbridge Asset Management Co., Ltd.
Current Position(s)
Director of Weixun Technology Co., Ltd.
Legal representative of director of Fuhua Enterprise Co., Ltd.
Legal representative of director of Liwei Co., Ltd.
Legal representative of the director of Quanwei Biotechnology Co., Ltd.
Board of Directors and Functional Committee Performance Evaluation Results
The company passed the “Rules for Performance Evaluation of the Board of Directors and Functional Committees” on March 19, 2019, during the board meeting. The Board of Directors and Functional Committees are required to conduct self-evaluations annually, and external performance evaluations of the Board of Directors must be conducted at least once every three years. The company conducted an external performance evaluation of the Board of Directors in 2022 and reported the results to the Board of Directors on March 8, 2023. The self-assessment for 2023 has been completed, and the related content is as follows. The results were reported to the Board of Directors on March 8, 2024.
2022 External Evaluation:
The company commissioned the Taiwan Investor Relations Institute (TIRI) to conduct the external performance evaluation of the Board of Directors for the year 2022 (period: January 2022 to December 2022). The institution and the experts involved have no business relationship with the company and maintain their independence. The evaluation covered the following five areas: Board composition and professional development, Board decision-making quality, Board operational effectiveness, internal control and risk management, and the Board’s involvement in corporate social responsibility. The evaluation was conducted through document review, questionnaires, and online interviews.
TIRI issued the performance evaluation report for the Board of Directors on January 30, 2023. The key points from the report are as follows:
Excerpt from the Evaluation Report:
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The evaluated company has implemented national gender equality policies, increasing female participation in decision-making and improving the structure of the Board of Directors. There is one female independent director. To strengthen the Board’s supervisory function, the company has three independent directors, comprising more than one-third of the Board. None of the independent directors have served for more than three consecutive terms, ensuring they can objectively exercise their powers without reduced independence due to prolonged tenure.
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All directors have completed the required continuing education hours as stipulated by the “Key Points for the Continuing Education of Directors and Supervisors of Listed and Over-the-Counter Companies.” Through continuous education, directors have kept up-to-date with the latest knowledge, improving their responsiveness and allowing them to effectively perform their duties.
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The company has established the “Insider Trading Prevention Management Procedures,” the “Code of Ethical Conduct,” and the “Integrity Business Code,” with an additional “Procedures for Handling Reports of Illegal, Unethical, or Dishonest Behavior.” These guidelines apply to directors, senior executives, employees, suppliers, and customers, requiring them to conduct business with integrity and in compliance with the law.
Recommendations:
- Establish a “Sustainable Development Committee” as a functional committee.
- Release an English version of the sustainability report.
- The number of directors who are also employees should not exceed one-third of the total number of board seats.
- Add an additional independent director position.
- Appoint a dedicated corporate governance officer.
- Develop succession plans for Board members and key management.
- Create an intellectual property management plan.
- Refer to the Audit Quality Index (AQI) to assess the independence and competence of the auditing firm.
- Hold at least two investor briefings per year.
- Submit electronically filed year-end financial information approved by the Board within 75 days after the fiscal year-end.
Future Improvement Measures:
The company will implement the recommendations provided by the association and make improvements in line with relevant laws and regulations based on the company’s actual situation.
2023 Self-Assessment:
評估週期 | 評估期間 | 評估範圍 | 評估方式 | 評估內容 | 評估結果(1~5分) |
---|---|---|---|---|---|
Executed once every year | 2023/1/1~2023/12/31 | Board of Directors | Internal Self-Assessment of the Board of Directors 「Board Performance Evaluation Self-Assessment Questionnaire」 | A. Level of Involvement in Company Operations B. Enhancing the Quality of Board Decision-Making C. Board Composition and Structure D. Director Selection and Ongoing Education E. Internal Control | 4.91 |
Executed once every year | 2023/1/1~2023/12/31 | Individual Board Members | Self-Assessment of Board Members 「Board Members' Performance Evaluation Self-Assessment Questionnaire」 | A. Understanding of Company Goals and Tasks B. Awareness of Director Responsibilities C. Level of Involvement in Company Operations D. Internal Relationship Management and Communication E. Director's Professional Expertise and Ongoing Education F. Internal Control | 4.74 |
Executed once every year | 2023/1/1~2023/12/31 | Audit Committee | Self-Assessment of Committee Members 「Functional Committee Performance Evaluation Self-Assessment Questionnaire」 | A. Level of Involvement in Company Operations B. Awareness of Functional Committee Responsibilities C. Enhancing the Quality of Functional Committee Decision-Making D. Composition of Functional Committee and Member Selection E. Internal Control | 4.96 |
Executed once every year | 2023/1/1~2023/12/31 | Compensation Committee | Self-Assessment of Committee Members 「Functional Committee Performance Evaluation Self-Assessment Questionnaire」 | A. Level of Involvement in Company Operations B. Awareness of Functional Committee Responsibilities C. Enhancing the Quality of Functional Committee Decision-Making D. Composition of Functional Committee and Member Selection E. Internal Control | 4.96 |