Corporate Governance Officer
On May 8th, 2023, the Board of Directors appointed Mr. Tim Huang, the Chief Financial Officer, as the Corporate Governance Officer. The responsibility for corporate governance matters included safeguarding shareholder rights and reinforcing the functions of the Board of Directors, conducting Board of Directors and Shareholders’ meetings in accordance with the law, preparing minutes of these meetings, assisting directors in their appointments and continuous education, providing necessary information for the execution of directors’ duties, and aiding directors in compliance with regulations, etc.
The duties performed by the Corporate Governance Office in 2024 are as follows: assisted the Chairman of the Board of Directors and Committees’ Chairs in convening 6 Board Meetings, 5 Audit Committee Meetings, 3 Compensation Committee Meetings, and 2024 Annual Shareholders’ Meeting, provided continuing education information to directors, provided information required for performance of duties by directors, presented quarterly legal compliance report to the Board of Directors, and timely responded to all Directors’ requests, and etc.
Continuing Education Status of the Corporate Governance Officer in 2024:
| Date | Host By | Training/Speech Title | Duration | Total Duration |
|---|---|---|---|---|
| 04/17 | Taiwan Academy of Banking and Finance | Corporate Governance Series Forum | 3.0 | 15.0 |
| 07/03 | Taiwan Stock Exchange | Cathay Sustainable Finance and Climate Change Summit | 6.0 | |
| 11/08 | Taiwan Corporate Governance Association | Future of Control: Mastering the Future with Intelligent Control | 3.0 | |
| 11/08 | Taiwan Corporate Governance Association | Trends and Risk Management of Generative AI | 3.0 |
Employees
Remuneration
The year-end bonus plan is based on the profit after tax and distributed to all staff for motivation after considering their seniority and annual performance evaluation. According to the Articles of Incorporation of the Company, employee remuneration shall not be less than 1% of its annual profit.
Compensation and Benefit
The employees of the Company are all included in the labor insurance and national health insurance according to law. For business trips, we also provide overseas travel insurance. There is also a Staff Welfare Committee to plan and offer various benefits, such as subsidies for travel, clubs, marriage, childbirth, funeral, and free health examinations, etc. The Company also provides official work mobile phones usage assistance, transportation vehicle subsidy for managers, and education subsidies for employees’ school-aged children to encourage colleagues to establish families and careers while reducing the financial burden of providing education. Employees who need longer leaves to take care of personal and family may apply for unpaid leave. The Company issues annual bonuses, employee compensation and performance bonuses to employees depending on the operating conditions each year.
Advanced study, training and implementation situation
The Company develops training plans based on development strategies, continuously improves and cultivates professional talents, ensures product quality and refines technical capabilities, and maintains and enhances the Company’s competitiveness in the international market. At the same time, there is a dedicated person responsible for the employee’s pre-employment training to cultivate the professional skills of the staff. We give pre-employment training to new employees, and help newcomers get familiar with the work environment as soon as possible. We adhere to the principle of “putting the right persons in the right places,” and ensure employees’ work scope match their expertise and interests. Through the institutionalized job title system, grade promotion and performance appraisal, employees can gradually realize career planning with the growth of experience and skills.
Retirement system
The employee pension scheme established by the Company under the Labor Standards Act is a defined benefit plan. The employee’s pension is paid based on the cardinal number of the length of service (seniority) and the authorized one-month average salary at the time of retirement. The Company applies the “Labor Pension Act”, and ensures retirement schemes. In accordance with the Labor Pensions Act, the Company shall not pay a pension of less than 6% of the employee’s monthly salary to the individual account at the Bureau of Labor Insurance. If the workers have voluntary contributions, these voluntary contributions shall also be deposited into the account.
Agreement between labor and management and various employee rights maintenance measures
The Company’s various regulations are in accordance with the Labor Standards Act. In addition to regular labor-management communications meetings, employees can submit comments or responses to the human resources department or their department heads or any manager at any time. In the “Work Rules”, a special chapter on labor-management communication is also specified, which is used as the basis for the implementation of labor-management communication. At the same time, it also established a trade union organization as an important bridge of communication between the Company and its employees, as well as a system for setting up employee complaint lines, complaint mailboxes and multiple communication channels such as proposal system and personnel interviews.
Specific Plans for Human Rights Policy
Continuously conducting relevant issue and legal update advocacy to directors, senior managers, and colleagues through diverse formats to deepen understanding of ethical conduct and regulatory compliance. For instance, the Company condensed concepts related to corporate information confidentiality, prohibition of insider trading, human rights protection, information security, and associated legal responsibilities into a video uploaded onto the Company’s learning platform for dissemination to all colleagues. In 2024, internal education and training sessions related to integrity-related regulations, trade secrets and intellectual property protection, human rights policy, workplace misconduct (prevention of workplace violence and sexual harassment), and information security, totaling 780 participants across 130 hours of online courses.
Measures and implementation status regarding personal safety and working environment protection
The Company installs the necessary health and emergency measures, organizes safety and hygiene training regularly, and provides employees with health check-ups. The Company also installed fire protection facilities with regular maintenance to provide employees with a safe and healthy work environment.
Workplace Monitoring
Workplace monitoring refers to the planning, samplings, monitoring and analyses carried out for the purpose of understanding the actual working conditions and assessing the exposures of laborers. To protect employees from harmful substances at the workplace and to provide them with a healthy and comfortable work environment, workplace monitoring is conducted twice every year to gradually understand the actual exposures of laborers.
Occupational Safety Audit
The Company has annual OSH management plans in place. Various on-site inspections are conducted irregularly by the Company’s OSH specialist. Improvement items identified during inspections are communicated to dedicated groups in each factory for reference and improvement. Additionally, the deficiencies and improvements are reviewed during OSH committee meetings held every three months. Procedures of occupational safety audits are summarized as follows:
- OSH specialists conduct intermittent inspections at various factory sites, employing a mobile management approach.
- Regular safety and health inspections are conducted on a scheduled basis.
- Fire equipment maintenance is conducted twice every year with audit inspections at least once every month.
Equipment Safety Management
The Company adopts the equipment classification approach where hazardous machines and equipment are placed under surveillance pursuant to laws and regulations. Thorough inspections are performed to ensure safe operation. In 2023, the Company’s hazardous machines were the 28 fixed cranes at factories. Regular inspections were carried out in accordance with the “Regulations for Safety Inspection of Existing Hazardous Machines and Equipment” to ensure these machines are safe to use.
Education, Training and Promotion
- Internal training: The Occupational Safety Division regularly arranges OSH seminars for senior and junior on-site team leaders to attend.
- External training: To ensure the validity of certificates.
