Corporate Governance
Committee
CPDC is dedicated to creating an efficient corporate government framework, that strengthens the function of the Board of Directors, respecting the rights and interests of stakeholders, and improves information transparency. CPDC established the Remuneration Committee in 2011 and an Audit Committee in 2013.
Audit Committee
The Audit Committee was established for the following purposes: to complete the organizational value chain, reinforce supervision and management functions, ensure best practices of financial audit and controls, and help the company achieves its strategic goals. In compliance with the relevant regulations, the Committee is formed by three independent directors with financial background and experiences.
The Audit Committee oversees the following matters and practices: establishment and amendment of CPDC's internal control system in accordance with relevant regulations, evaluation of the effectiveness of the internal control systems, affairs involving personal interests of CPDC's directors, trading of major assets or derivative securities, lending, endorsing or pledging of major assets, offering, issuance or private offering of securities involving equity, designation, dismissal and compensation of the CPA, appointment and dismissal of the heads of the finance, accounting and internal audit divisions, annual and interim financial reports, and other major events specified by the Company or the competent authority. The committee holds a meeting at least once a quarter and as needed.
Remuneration Committee
To ensure a fair compensation and profit-sharing scheme in the organization and establish a system linking compensation to performance, CPDC has set up a Remuneration Committee to assist the Board in the process of implementing and assessing the overall compensation and benefit policies and compensations for the directors and executives. CPDC expects to improve corporate value through a fair compensation system that drives high performance.
Also, through the expertise and balanced opinion of experts and committee members, CPDC aims to create additional value, while holding CPDC's directors and executives to high moral standards and refrain themselves from engaging in high risk conducts that can potentially harm the Company in pursuit of higher personal compensation. We urge the management team to implement competitive and motivating compensation systems to attract high-quality human resources and drive increased performance. Compensation for directors, supervisors and executives are set with reference to the general practice in the industry and with consideration of their personal performance, overall company performance and potential risks. The Remuneration Committee’s primary mission is to assist the board to execute and evaluate the overall compensation and benefits policies of the Company, as well as compensation for directors and managers. The Remuneration Committee will appoint legal counsel, accountants, and other professionals as needed and in accordance to relevant rules. To provide necessary auditing and advice, the Remuneration Committee will meet at least 2x per year, and further details regarding the meeting attendance and performance, please refer to our annual report for additional information.
Committee Members
- Name
- Experience
- Audit Committee
- Remuneration Committee
- Yun-Peng Chu (Independent Director)
- Ph.D. in Economics, University of Maryland, M.A. in Economics, National Taiwan University, Bachelor Economics, National Taiwan University. Executive Yuan Officials, Professor of Economics, National Central University, Chairman, Taiwan Insurance Guaranty Fund, Independent Director, Nan Ya Plastic Corporation
- convenor , chairperson
- convenor , chairperson
- Wen-Yen Pan (Independent Director)
- Ph.D. and M.S. in Chemical Engineering, University of Wyoming, B.S. in Chemistry, National Taiwan Normal University. Senior Research Engineer, Monsanto Company, Chairman, Kuo Kuang Power Co., Ltd, Chairman & President, CPC Corporation, Chairman, United Renewable Energy, Independent Director, UPC Technology Corporation
- Lian-Sheng Tsai (Independent Director)
- M.A., in Graduate Institute of China Studies, Tamkang University, B.B.A. in International Trade, Feng Chia University. Secretary-General, Chinese National Federation of Industries, CEO, The Research & Development Institute of Vocational Training Republic of China, Vice Secretary-General, Cross-Strait CEO Summit
- Chen Sung-Yong
- MBA in Commonwealth University. Founder of KYE Systems Corporation, Chairman of Taiwan Rainbow Merchandise Corporation, Executive Director of the Taiwan Computer Association