Purpose of Compensation Committee
Compensation Committee’s primary responsibility of reviewing and approving the compensation of the company's CEO and other named executive officers. They also assists BOD in assessed company’s overall compensation and benefit package and compensation of directors as well as executive officers.
Duties of Compensation Committee
The Committee shall exercise the care of a good administrator to faithfully perform the following duties and present its recommendations to the board of directors for discussion. The Committee shall exercise the care of a good administrator to faithfully perform the following duties and present its recommendations to the board of directors for discussion.
Ensuring that the compensation arrangements of this Corporation comply with applicable laws and regulations and are sufficient to recruit outstanding talent.Performance assessments and compensation levels of directors, supervisors, and managerial officers shall take into account the general pay levels in the industry, individual performance assessment results, the time spent by the individual and their responsibilities, the extent of goal achievement, their performance in other positions, and the compensation paid to employees holding equivalent positions in recent years. Also to be evaluated are the reasonableness of the correlation between the individual's performance and this Corporation's operational performance and future risk exposure, with respect to the achievement of short-term and long-term business goals and the financial position of this Corporation.There shall be no incentive for the directors or managerial officers to pursue compensation by engaging in activities that exceed the tolerable risk level of this Corporation.
Compensation Committee
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Name
Title
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Weng, Ming-Jeng (Independent Director)
Chairman
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Andrew C. Hsu (Independent Director)
Member
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Tsai,Ming-Fang (Independent Director)
Member