Investor Relations

  2. Investor
  3. Corporate Governance
  4. Committee
  • Remuneration Committee of the Company is composed of all the Independent Directors and “Remuneration Committee Charter” was set. The member shall exercise the care of a good administrator in faithfully performing its official duties set in the charter, be responsible for the Board of Directors and submit the proposal to the Board of Directors for resolution.
  • Professional Qualifications and Experiences of Member of Remuneration Committee
  • Operating Status of Remuneration Committee
    The tenure of the current member is from June 10, 2022 to June 9, 2025. A total of 2 (A) meetings were held as of Dec. 31, 2022. The attendance of the members was as follows:
    TitleNameAttend in person (B)Commissioned timesAttendance rate in person(%)
    (B/A)    		Remark
    ConvenerChih-Kang Wang20100%Independent Director
    Committee MemberYi-Fu Lin20100%Independent Director
    Committee MemberYun-Peng Chu20100%Independent Director
  • Meeting Information of Remuneration Committee
    DateContentResultOpinions Handling
    2023.1.12
    (1st in 2023)    		 To report the appointed managers’ 2022 annual year-end bonus distribution standard report that approved by the Board of Directors. Noted. The year-end bonus of the appointed managers and finance and accounting department officer had been calculated according to the “Principle of Year-End Bonus and Reward Distribution” and the Board of Directors approved to distribute accordingly
    2023.8.8
    (2nd in 2023)    		 The Company’s managers’ salary adjustments in 2023 shall be in line with the salary adjustment of employee. The content was approved by all the attending members and submitted to the Board of Directors for resolution. Submitted to the Board of Directors and were approved by attending directors.
  • Audit Committee of the Company is composed of all the Independent Directors and “Audit Committee Charter” was set. The member shall exercise the care of a good administrator in faithfully performing its official duties set in the charter, be responsible for the Board of Directors and submit the proposal to the Board of Directors for resolution.
  • Professional Qualifications and Experiences of Member of Audit Committee
  • Operating Status of Audit Committee
    The tenure of the current member is from June 10, 2022 to June 9, 2025. A total of 5 (A) meetings were held as of Dec. 31, 2022. The attendance of the members was as follows:
    TitleNameAttendance in person(B)Attendance by proxyPercentage of Attendance(%)
    (B/A)    		Remark
    ConvenerChih-Kang Wang50100%Independent Director
    Committee MemberYi-Fu Lin50100%Independent Director
    Committee MemberYun-Peng Chu50100%Independent Director
  • Meeting Information of Audit Committee
    Date Content Result TOpinions Handling
    2023.3.8
    (1st in 2023)    		 Discussion Items
    (1) To formulate 2022 financial statements of the Company.
    (2) To formulate the pre-approval policy of non-assurance services provided by CPA.
    (3) To replace the CPA of financial report.
    (4) To compile plan of lending funds for the second quarter of 2023.
    (5) To donate “Kaohsiung Cultural Foundation of Brothers Wang Yung-Ching and Wang Yung-Tsai Park” NTD 90,382,426.
    (6) To formulate the Company’s Internal Control System Statement.    		 All the cases were agreed by all members and submitted to the Board of Directors for resolution. Except for some Directors who did not participate in the voting due to conflicts of interest, all the cases were approved by the other attending Directors.
    2023.5.9
    (2nd in 2023)    		 Discussion Items
    (1) To formulate 2023 Q1 financial statements of the Company.
    (2) To compile plan of lending funds for the third quarter of 2023.
    (3) To trade with related parties.
    (4) To issue a letter of support for the Company's investment business “Formosa Ha Tinh (Cayman) Ltd.” to negotiate credit lines with financial institutions.
    (5) To issue a letter of support for the Company's investment business “Formosa Steel IB Pty Ltd.” to negotiate credit lines with financial institutions.
    (6) To issue a letter of support for the Company's investment business “Formosa Industries Corp.” to negotiate credit lines with financial institutions.
    (7) To amend the “Internal Control Systems” and “Internal Audit Implement Rules”.    		 All the cases were agreed by all members and submitted to the Board of Directors for resolution. Except for some Directors who did not participate in the voting due to conflicts of interest, all the cases were approved by the other attending Directors.
    2023.8.8
    (3rd in 2023)    		 Discussion Items
    (1) To formulate 2023 Q2 financial statements of the Company.
    (2) To increase investment in “Formosa Resources Corp.” by USD 25 million.
    (3) To compile plan of lending funds for the fourth quarter of 2023.
    (4) To trade with related parties.    		 All the cases were agreed by all members and submitted to the Board of Directors for resolution. Except for some Directors who did not participate in the voting due to conflicts of interest, all the cases were approved by the other attending Directors.
    2023.11.10
    (4th in 2023)     		Discussion Items
    (1) To formulate 2023 Q3 financial statements of the Company.
    (2) To compile plan of lending funds for the first quarter of 2024.
    (3) To increase investment in “Formosa Plastics Construction Corp.” by NTD 0.5 billion.
    (4) To dispose 100% shareholdings of “Nan Ya Plastics (Guangzhou) Co., Ltd.”, an indirect investment in China.    		 All the cases were agreed by all members and submitted to the Board of Directors for resolution. Except for some Directors who did not participate in the voting due to conflicts of interest, all the cases were approved by the other attending Directors.
    2023.12.13
    (5th in 2023)    		 Discussion Items
    To issue a letter of support for the Company's investment business “Formosa Steel IB Pty Ltd.” to negotiate credit lines with financial institutions.    		 All the cases were agreed by all members and submitted to the Board of Directors for resolution. Except for some Directors who did not participate in the voting due to conflicts of interest, all the cases were approved by the other attending Directors.
  • To implement sustainable development goals such as environmental protection, social responsibility and corporate governance, the Company set up Sustainable Development Committee Which is composed of Chairman, Director Ming-Jen Tzou and 3 Independent Directors and “Sustainable Development Committee Charter”. The committee shall report the strategies, visions, goals, implement policies and achievements of sustainable development to the Board of Directors at least once a year.
  • Professional Qualifications and Experiences of Member of Sustainable Development Committee
  • Operating Status of Sustainable Development Committee
    The tenure of the current member is from June 10, 2022 to June 9, 2025. A total of 2 (A) meeting was held as of Dec. 31, 2022. The attendance of the members was as follows:
    TitleNameAttendance in person(B)Attendance by proxyPercentage of Attendance(%)
    (B/A)    		Remark
    ConvenerChia-Chau Wu 2 0100%Chairman
    Committee MemberChih-Kang Wang 2 0100%Independent Director
    Committee MemberYi-Fu Lin 2 0100%Independent Director
    Committee Member Yun-Peng Chu 2 0 100% Independent Director
    Committee Member Ming-Jen Tzou 2 0 100% Director
  • Sustainable Development Committee Meeting in 2023
    Date Content Result The handling of the opinions of the Sustainable Development Committee of the Company
    2023.5.26
    (1st in 2023)    		 To draw up “2022 Sustainability Report” of the Company. All attending committee members approved and submitted to Board of Directors for report. Noted.
    2023.12.13
    (2st in 2023)    		 To report the result of the Greenhouse Gas Verification of 2022. Noted and submitted to Board of Directors for report. Noted.

(NAN YA，Jan 14, 2024)

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