Investor Relations

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  3. Corporate Governance
  4. Board of Directors

Board of Directors

The duties of Board of Directors include supervising, guiding management echelon also to appoint and dismiss managers in order to ensure company’s normal operations and creating the best interests for all shareholders. The Board of Directors consists of 15 directors. All of the directors are selected by shareholders’ voting by nomination system.

Besides the knowledge, skills and literacy are necessary for the performance of the Board of Director. To achieve the idol purpose of the corporate governance, the overall abilities of the Board of Directors should include: 1. operational judgment, 2. accounting and financial analysis, 3. operation management, 4. risk management, 5. industrial knowledge, 6. perspectives of the international market, 7. leadership, 8. decision-making, etc. The Company's Directors come from diversified backgrounds. All 15 Directors are individuals with specialization and experience in industrial management, including 3 Independent Directors and 2 female Directors. Female Directors account for 13.3% of all Directors. Achieved the goal of including at least one female Director. In addition to relying on their professional leadership decision-making ability, the Directors also possess excellent business management capabilities, as well as expertise in the industry, finance, accounting, or the legal field. This deepens the independence and diversity of corporate governance. A summary of the Board of Directors Diversity Policy and Each Director's education and experience is shown as follows:

  1. Board of Directors Diversity Policy
  2. Each Director's education and experience
Job Title Name Experience Education Positions
Chairman Chia-Chau Wu - President of NPC
- Executive Vice President of NPC		 B.A. in Business Administration, National Chengchi University - Chairman of Nanya Technology Corp.
- Chairman of Nan Ya PCB Corp.
Managing Director Wen-Yuan Wong - Chairman of Formosa Chemicals & Fiber Corp.
- Chairman of Formosa Taffeta Co., Ltd.
- Chairman of Formosa Advanced Technologies Co., Ltd.		 M.S. in Industrial Engineering, University of Houston, USA - Chairman of Formosa Chemicals & Fiber Corp.
- Chairman of Formosa Taffeta Co., Ltd.
- Chairman of Formosa Advanced Technologies Co., Ltd.
- Executive Director of Formosa Plastics Corp.
- Executive Director of Formosa Petrochemical Corp.
Managing Director
(Representative of Formosa Petrochemical Corp.)		 Wilfred Wang - Chairman of Formosa Petrochemical Corp.
- Chairman of Nan Ya Photonics Inc.
- Chairman of Formosa Plastic Marine Corp.		 B.S. in Mechanical Engineering, University of London - Chairman of Nan Ya Photonics Inc.
- Chairman of Formosa Plastic Marine Corp.
- Executive Director of Formosa Plastics Corp.
- Executive Director of Formosa Chemicals & Fiber Corp.
- Executive Director of Formosa Petrochemical Corp.
Managing Director Ruey-Yu Wang - Chairman of Formosa Biomedical Technology Corp.
- Chairman of Hong Jing Resources Co., Ltd.		 M.S. in International Business Management, National Taiwan University - Executive Director of Formosa Chemicals & Fiber Corp.
- Chairman of Formosa Biomedical Technology Corp.
Managing Director
(Independent Director)		 Chih-Kang Wang - Chairman of TAITRA, Taiwan
- Minister of Economic Affairs, Taiwan
- Chairman of Fuh Hwa Securities Investment Trust Co., Ltd.		 Ph.D. in Business Administration, Texas A&M University, USA - Top Advisor of TAITRA, Taiwan
- Chairman of CTBC Venture Capital Co., Ltd.
- Independent Director of Formosa Sumco Technology Corp
Independent Director Yi-Fu Lin - Minister of Economic Affairs
- Minister without Portfolio of Executive Yuan
- Ambassador of WTO		 B.A. in Accounting and Statistics, National Chengchi University - Independent Director of Taishin Financial Holding Co., Ltd.
- Independent Director of S&S Healthcare Holding Ltd.
- Independent Director of Pan German Universal Motors Ltd.
Independent Director Yun-Peng Chu - Minister without Portfolio of Executive Yuan
- Commissioner of Fair Trade Commission
- Director of Research Center for Humanities and Social Science		 Ph.D. in Economics, University of Maryland, USA - Independent Director of Taiwan Land Development Corp.
- Independent Director of China Petrochemical Development Corp.
- Professor, College of Management, Taipei Medical University
Director Ming-Jen Tzou - Executive Vice President, NPC
- Senior Vice President, NPC		 Chemical Engineering, Provincial Taipei Institute of Technology - President of NPC
- Director of Nanya Technology Corp.
- Director of Nan Ya Printed Circuit Board Corp.
Director
(Representative of Formosa Chemicals & Fiber Corporation)		 Shen-Yi Lee - Managing Partner Emeritus
- Member, Control Yuan, Taiwan
- Commissioner, Fair Trade Commission, Executive Yuan, Taiwan
- Chairman of the Board, Consumer’s Foundation, Taiwan, R.O.C.		 Ph.D. in Law, Chinese Culture University - General Secretary, Dharma Drum Mountain Humanity and Social
- Senior Counsel of Chien Yeh Law Offices
- Independent Director of EnTie Commercial Bank
- Independent Director of WIN Semiconductors Corp.
Director
(Representative of Formosa Plastics Corporation)		 Zo-Chun Jen - Advisor of NPC
- Senior Vice President, NPC		 B.S. in Electrical Engineering, Tatung Institute of Technology - Advisor of NPC
Director Kuei-Yung Wang - Vice President, NPC B.S. in Chemistry, University of London - Senior Vice President, NPC
Director Fong-Chin Lin - Senior Vice President, NPC
- Vice President, NPC		 Master degree in Accounting, National Chengchi University - Senior Vice President, NPC
- Director of Nan Ya Plastics (Hong Kong) Corp.
Director Sin-Yi Huang - Senior Vice President, NPC
- Assistant Vice President, NPC		 Chemical Engineering, Ming Chi Institute of Technology - Senior Vice President, NPC
Director Cheng-Chung Lee - Senior Vice President, NPC
- Vice President, NPC		 B.S. in Chemical Engineering, National Central University - Senior Vice President, NPC
Director
(Representative of Freedom Internation Enterprise Company)		 Ching-Cheng Chang - Director of Fu Tak Investment Company B.A. in Business Administration, Tunghai University - Director of Fu Tak Investment Company
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2021/03/18 Board Meeting Resolution

Communication between independent directors, the internal audit officer and the CPA

Communication between Independent Directors and CPAs:

  • The Audit Committee of the Company is composed of the entire number of independent directors. The Company quarterly arranges CPAs attend to report to the independent directors about the financial status and overall operating results of the Company and its subsidiaries and fully communicate and explain whether the amendment of the laws affects the accounting results.
  • The CPAs of the Company present the review or audit results of the financial report quarterly to the Audit Committee and communicate other matters according to relevant laws.

Communication between Independent Directors and internal audit officer：

  • The amendment of the “Internal Control Systems” and “Internal Audit Implementation Rules” of the Company shall be subjected to the approval of the Audit Committee and shall be submitted to the Board of Directors for a resolution.
  • The assessment of internal control system effectiveness (with Declaration of Internal Control issued) of the Company shall be subjected to the approval of the Audit Committee and shall be submitted to the Board of Directors for a resolution.
  • The audit office of the Company regularly submits the internal audit report to the Independent Directors for review.
  • The Independent Directors and the internal audit officer shall communicate on the internal audit execution status and internal control operation status of the company at least once a quarterly regular meeting. In addition to the audit report on the status of correction of defects and irregularities of internal control systems, the report shall be continued and follow up reminders to determine relevant units to take appropriate improvement measures in time.
  • The summary of the communication between the independent directors, the CPAs and internal audit officer.

 

 

A total of 6 meetings【A】of the board of directors were held in 2020. Director attendance status is shown as follows:

Tilte Name Attendance in person【B】 By Proxy Attendance rate in person (%)【B/A】 Remark
Chairman Chia-Chau Wu 6 0 100.0%
Executive Director William Wong 6 0 100.0%
Executive Director Wilfred Wang 3 0 50.0%
Executive Director Ruey-Yu Wang 6 0 100.0%
Executive Director (Independent Director) Chih-Kang Wang 6 0 100.0%
Independent Director Yi-Fu Lin 6 0 100.0%
Independent Director Yun-Peng Chu 6 0 100.0%
Director Ming-Jen Tzou 6 0 100.0%
Director Shen-Yi Lee 6 0 100.0%
Director Zo-Chun Jen 6 0 100.0%
Director Kuei-Yung Wang 6 0 100.0%
Director Fong-Chin Lin 6 0 100.0%
Director Sin-Yi Huang 6 0 100.0%
Director Cheng-Chung Lee 6 0 100.0%
Director Ching-Cheng Chang 6 0 100.0%

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