The Audit Committee of Eclat was established in 2015. We believe that a sound and effective Audit Committee is important for successful corporate governance. The main objectives of the audit committee are as following: reviewing the adequacy in interpreting of financial reports; hiring or dismissal of an attesting CPA, and the independency and performance of the CPA; examining the implementation of internal control system, legal compliance, and corporate risk management.
Under the R.O.C. law, the Audit Committee shall consist of all independent Directors. According to Eclat’s Audit Committee Charter, the Committee shall consist of at least three directors. Currently, the Audit Committee of Eclat is comprised of three independent directors and meets at least once every quarter. Please consult Eclat's Taiwan Annual Report for the relevant year for the number of meetings convened and each member’s attendance rate.
The Compensation Committee shall take responsibility to establish the policies related to the performance assessments and compensation levels of directors and managerial officers. The policies shall take into account the Corporation's operational performance, the individual's performance, the general pay levels in the industry and future risk exposure and be evaluated periodically.
Under the R.O.C. law, the members of the Compensation Committee are appointed by the Board. According to Eclat’s Compensation Committee Charter, the Committee shall consist of no fewer than three directors. The Compensation Committee meets at least twice every year. Please consult Eclat's Taiwan Annual Report for the relevant year for the number of meetings convened and each member’s attendance rate.
CORPORATE SOCIAL RESPONSIBILITY COMMITTEE
According to Eclat’s CSR Policy, we set up CSR committee which is composed of three directors as commissioners and focuses on five fields of our responsibility including “Environment and Sustainable Development”, “Human Resources”, “Corporate Governance”, “Products and Services” and “Social Participations”, each field is coordinated with a head, both of the commissioners and heads are appointed by board of directors. CSR committee is responsible for identifying sustainability topics, performing action plans, and providing advices regarding sustainability topics and reporting to the board of directors directly every half year to ensure the CSR Policy is fully implemented.
AND SERVICES SOCIAL
COMMITTEE YEA-KANG WANG (CHAIR) (CHAIR) CHENG-PING YU BRUCE, N. M. LIU TIEN-WEI SHIH RICHARD, S.W. WANG