DirectorDirector
Performance Evaluation
To implement corporate governance and enhance the functions of the Board of Directors and its functional committees, the company established the [Board and Manager Performance Evaluation Procedures] on March 8, 2022, which were approved by the Board of Directors. Internal performance evaluations are conducted annually for the overall board, individual board members, and functional committees. The results of these evaluations are reported to the Board of Directors. External performance evaluations for the Board of Directors are conducted at least once every three years by an independent professional organization or external experts and scholars.
The company commissioned the Taiwan Investor Relations Institute to evaluate the operation of the Board of Directors for the period from November 1, 2022, to October 31, 2023. The institute adhered to a fair and objective approach and issued a declaration of independence, confirming no conflicts affecting its independence. The evaluation was based on documents provided by the company, self-assessment questionnaires, and on-site interviews. The evaluation covered the following aspects: board composition and professional development, decision-making quality, operational efficiency, internal controls and risk management, and the board’s involvement in corporate social responsibility.
The evaluation results were reported to the Board of Directors on December 26, 2023. The improvement recommendations and action plans provided by the external evaluation institution are as follows:
Items | Improvement Recommendations from the External Evaluation Institution | Company Improvement Plan |
|---|---|---|
1 | Prepare the sustainability report in accordance with the Global Reporting Initiative (GRI) Standards issued by the Global Sustainability Reporting Association (GRI). | The company has planned to prepare a sustainability report in 2025. |
2 | Add one additional independent director position. | The company will carefully review the recommended content and relevant legal regulations to enhance corporate governance, strengthen the supervisory function of the Board of Directors, and ensure compliance with legal requirements. |
3 | Refer to the Sustainable Development Action Plan for Listed Companies (2023) to promote achieving at least one-third of board seats occupied by directors of any one gender. | The company values gender diversity on the board and will evaluate and plan to ensure that female directors account for one-third of the board seats in the next board election, aligning with international trends. |
4 | Formulate a succession plan for board members and key management personnel | The company will carefully evaluate the implementation of the management succession plan. |
5 | Develop an intellectual property management plan linked to operational objectives | The company approved the formulation of the [Intellectual Property Management Plan] at the Board of Directors meeting in December 2023 and will report its operational status to the Board at least once a year thereafter. |
6 | Allocate resources to support domestic cultural development | The company will explore the allocation of resources to cultural and artistic activities as well as the cultural and creative industries to promote cultural development. |
