Audit Committee
The Audit Committee assists the Board in fulfilling its oversight of the quality and integrity of the accounting, auditing, reporting, and financial control practices of the Company. The Audit Committee is responsible to review the Company’s: financial reports; auditing and accounting policies and procedures; internal control systems; material asset or derivatives transactions; material lending funds, endorsements or guarantees; offering or issuance of any equity-type securities; legal compliance; related-party transactions and potential conflicts of interests involving executive officers and directors; Ombudsman reports; fraud investigation reports; corporate risk management; hiring or dismissal of an attesting CPA, or the compensation given thereto; and appointment or discharge of financial, accounting, or internal auditing officers.
Under R.O.C. law, the membership of the Audit Committee shall consist of all independent Directors. CCPC’s Audit Committee satisfies this statutory requirement. The Audit Committee annually conducts self-evaluation to assess the Committee’s performance and identify areas for further attention.
CCPC’s Audit Committee is empowered by its Charter to conduct any study or investigation it deems appropriate to fulfill its responsibilities. It has direct access to CCPC’s internal auditors, the Company’s independent auditors, and all employees of the Company. The Committee is authorized to retain and oversee special legal, accounting, or other consultants as it deems appropriate to fulfill its mandate.
The Committee meets at least once every quarter. Please consult CCPC's Taiwan Annual Report for the relevant year for the number of meetings convened and each member’s attendance rate.
Compensation Committee
The Compensation Committee assists the Board in discharging its responsibilities related to CCPC’s compensation and benefits policies, plans and programs, and in the evaluation and compensation of CCPC’s directors of the Board and executives.
The members of the Compensation Committee are appointed by the Board as required by R.O.C. law. Currently, the CCPC’s Compensation Committee is comprised of all three independent directors.
The Committee meets at least twice a year. Please consult CCPC's Taiwan Annual Report for the relevant year for the number of meetings convened and each member’s attendance rate.
Board Committee Membership
|
|
| Pei, Min-Li (Independent directors) |
√ (Convener and chairman) |
√ (Convener and chairman) |
| Wu, Su-Huan (Independent directors) |
√ |
√ |
| Chen, Hung-Shou (Independent directors) |
√ |
√ |
|
| |
