The Audit Committee is to be comprised of only independent directors and not have less than
three members of which one shall be the committee chair. At least one member must have expertise in accounting or finance.
The term of office for a committee member is to be the same as that of independent director. If the number of independent directors is not adequate to comply with the minimum of three, there must be a shareholder meeting held within 60 days, at which time the appropriate numbers of independent directors will be elected to fulfill the requirement.
| The primary objectives of the Audit Committee are as follows: |
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Express opinions on the financial statements |
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Confirm the independence of the company's auditors |
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Ensure measures for internal control are applied |
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Company compliance with relevant rules and regulations |
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Control of existing and potential risks |
Mr. Ceng Ji Lin - Convener |
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Mr. Lin is currently a council member for the International Fiscal Association.
Mr. Lin was formerly managing under-secretary at the Ministry of Finance, Taiwan Disbursement Office district head, head of the Taiwan Labor Insurance Bureau, Taiwan Tax Bureau – North District head and Taipei City head.
Mr. Lin graduated from National Taiwan University. |
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Dr. William Seetoo - Independent Director |
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Dr. Seetoo is a professor at National Cheng Chi University (NCCU), Graduate School of Business, with a teaching concentration on corporate strategy. He was the first Chinese scholar to specialize in strategic and organizational management.
After earning his Ph.D. in the United States, Dr. Seetoo returned to Taiwan and began his teaching career. He has held many positions at NCCU, including director of the Graduate School of Business, director of the undergraduate Business Management Department, assistant director of the Center for Public and Business Administration Education, and vice president of the university. Dr. Seetoo is currently a full-time professor in NCCU's Business Management Department.
Dr. Seetoo has taught at NCCU for over 30 years. He teaches organizational theory and management and corporate strategy to graduate students and entrepreneurs, and management theory to doctoral students. He is well known in Taiwan for his case study and heuristic pedagogy. He has provided guidance for over 60 doctoral dissertations and over 100 graduate dissertations. He has designed and developed strategic matrix analysis and management matrices. These tools are useful in evaluating business dynamics and have become widely adopted by the business community in Taiwan.
In 1998, the Chinese Management Association awarded Dr. Seetoo with the distinguished Management Medal in recognition of his contribution to business management education in Taiwan.
After graduating from National Cheng Chi University with a degree in business management, Dr. Seetoo earned his M.B.A. degree at the University of Illinois and a Ph.D. degree at Northwestern University.
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Mr. Chao Lin Yang - Independent Director |
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Mr. Yang is currently the chief operations officer of Formosa Plastics Group.
Mr. Yang brings with him a strong financial background and has played an important role in the development of Formosa Plastics Group as it has grown into a diversified plastics conglomerate. Mr. Yang focuses his efforts on strengthening corporate governance at Yuanta Financial Holdings.
Mr. Yang graduated from National Cheng Kung University. |
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Mr. Ling Long Shen - Independent Director |
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Mr. Shen is currently chairman of the Taiwan Asset Management Corporation and a director at GreTai Securities Market.
Mr. Shen was formerly head of the Insurance Bureau at the Ministry of Finance, chairman of Chung Kuo Insurance, chairman of Mega Asset Management, and a director of Mega Financial Holding Co.
Mr. Shen earned his Ph.D. degree in economics at Universite Paris 1 Pantheon Sorbonne. |
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