The committee is comprised of three independent directors, with one serving as the committee chair on a rotating basis. The chairperson also acts as the representative for the committee.
The committee members are nominated by the company chairman, and appointed with approval from the board of directors. The term of office for committee members is the same as that of independent director. If a member is dismissed and the number of members falls below the number prescribed above, a new member is to be selected by the board within three months from the occurrence, and that member will serve the remainder of the original term.
The committee shall convene at least two times per year, and must convene at any other point its members deem necessary.
| The primary objectives of the Remuneration Committee are as follows: |
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The Remuneration Committee is responsible for assisting the board of directors in determining performance and compensation standards for management and the remuneration structure for directors that is both fair and transparent. |
| Members of the Remuneration Committee are as follows:: |
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Dr. William Seetoo - Convener |
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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. Cheng Ji Lin- Independent Director |
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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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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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