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, 2024. 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
    2024.1.23
    (1st in 2024)    		 To report the appointed managers’ 2023 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.
    2024.8.9
    (2nd in 2024)    		 The Company’s managers’ salary adjustments in 2024 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.
  • Remuneration for Senior Managers
  • 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 4 (A) meetings were held as of Dec. 31, 2024. The attendance of the members was as follows:
    TitleNameAttendance in person(B)Attendance by proxyPercentage of Attendance(%)
    (B/A)    		Remark
    ConvenerChih-Kang Wang40100%Independent Director
    Committee MemberYi-Fu Lin40100%Independent Director
    Committee MemberYun-Peng Chu40100%Independent Director
  • Meeting Information of Audit Committee
    Date Content Result TOpinions Handling
    2024.3.12
    (1st in 2024)    		 Discussion Items
    (1) To formulate 2023 financial statements of the Company.
    (2) To compile plan of lending funds for 2024 Q2.
    (3) To trade with related parties.
    (4) To donate “Kaohsiung Cultural Foundation of Brothers Wang Yung-Ching and Wang Yung-Tsai Park” NTD 4,420,500.
    (5) To formulate the Company’s Internal Control System Statement.    		 All attending committee members agreed to approve 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 agenda items were approved by the other attending Directors.
    2024.5.10
    (2nd in 2024)    		 Discussion Items
    (1) To formulate 2024 Q1 financial statements of the Company.
    (2) To compile plan of lending funds for 2024 Q3.
    (3) To increase investment in “Formosa Smart Energy Tech Corp.” by NTD 2.5 billion.
    (4) To donate “Kaohsiung Cultural Foundation of Brothers Wang Yung-Ching and Wang Yung-Tsai Park” NTD 25,758,750.
    (5) To pay the entrusted construction costs of the urban renewal plan of Formosa Plastics Building to Mega Bank Trust Property Account.
    (6) To amend the “Internal Control Systems” and “Internal Audit Implement Rules”.    		 All attending committee members agreed to approve 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 agenda items were approved by the other attending Directors.
    2024.8.9
    (3rd in 2024)    		 Discussion Items
    (1) To formulate 2024 Q2 financial statements of the Company.
    (2) To compile plan of lending funds for 2024 Q4 and new funding loan plan for August.
    (3) To trade with related parties.
    (4) To issue a letter of support for the Company's investment business “Formosa Steel IB Pty Ltd.” to borrow from bank.    		 All attending committee members agreed to approve 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 agenda items were approved by the other attending Directors.
    2024.11.12
    (4th in 2024)    		 Discussion Items
    (1) To formulate 2024 Q3 financial statements of the Company.
    (2) To compile plan of lending funds for 2025 Q1.
    (3) To amend the “Audit Committee Charter”.
    (4) To amend the “Internal Control Systems”, “Internal Audit Implement Rules” and “Internal Control System Effectiveness Assessment Items”.    		 All attending committee members agreed to approve 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 agenda items 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, 2024. 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
    2024.6.12
    (1st in 2024)    		 To draw up “2023 Sustainability Report” of the Company. All attending committee members agreed to approve and submitted to the Board of Directors for report. Noted.
    2024.12.17
    (2nd in 2024)    		 1.To report the result of the Greenhouse Gas Verification of 2023.
    2.To report the company has adopted the IFRS Sustainability Disclosure Standards.    		 Noted and submitted to Board of Directors for report. Noted.

(NAN YA，Jan 15, 2025)

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