The performance evaluation of the board of directors：
The criteria for the board performance evaluation covers 43 indicators in six aspects. The average score is 4.84 out of 5, indicating that the board has perfection to guide and supervise the company's strategy, major business and risk management responsibilities, and be able to establish a proper internal control system, and the overall operation is complete and consistent with the requirements of corporate governance.
|
Five aspects |
No. of Indicators |
Average Score |
|
A. Participation in the operation of the company. |
12 |
4.83 |
|
B. Improvement of the quality of the board of directors’ decision making. |
12 |
4.83 |
|
C. Composition and structure of the board of directors. |
7 |
4.88 |
|
D. Election and continuing education of the directors. |
5 |
4.76 |
|
E. Internal control. |
7 |
4.86 |
The self-evaluation by individual directors
The criteria for the self-evaluation of individual directors covers 23 indicators in six aspects. The average score is 4.87 out of 5, indicating that the directors have positive reviews on the efficiency and effectiveness of the operation of each indicator.
|
Six aspects |
No. of Indicators |
Average Score |
|
A. Alignment of the goals and missions of the company. |
3 |
4.88 |
|
B. Awareness of the duties of a director |
3 |
4.91 |
|
C. Participation in the operation of the company. |
8 |
4.78 |
|
D. Management of internal relationship and communication. |
3 |
4.94 |
|
E. The director's professionalism and continuing education. |
3 |
4.91 |
|
F. Internal control. |
3 |
4.91 |
The board of directors approved the “Rules for Performance Evaluation of the Board of Directors” of the Company on November 13, 2020. Performance evaluation shall be reviewed every year. The Company's board performance evaluation shall be conducted by an external independent professional institution or a panel of external experts and scholars at least once every three years. Internal and external board performance evaluations shall be reported before the end of the first quarter of the following year. The results will be a reference for review and improvement.
The Company appointed Universal Consulting Co., Ltd. to conduct the 2025 performance evaluation of the external board of directors. The Company and the valuation experts have no business dealings with the Company and are independent, and have respectively evaluated the implementation status of the Board of Directors' composition, guidance, authorization, supervision, communication and self-discipline, as well as internal control and risk management, and the evaluation method was conducted by means of data analysis, book review and interviews, and the Board of Directors performance evaluation report was issued on January 28, 2026. On February 12, 2026, the Company reported to the Board of Directors the results of the external Board performance evaluation, including recommendations for improvement and future improvement plans.
Evaluation
The Board of Directors of the Company has formulated relevant policies and procedures in all material respects in accordance with relevant laws and regulations and domestic corporate governance indicators. The Board of Directors of the Company is composed of directors with relevant professional and competence, and appropriate work assignments are made based on their experience to effectively operate the relevant functions of the Board of Directors and functional committees, and the overall evaluation results are good.
Suggestion
To ensure effective corporate governance and the accurate presentation of financial statements, the company's independent directors maintain good communication with the head of internal audit and CPAs and attend audit committee meetings. It is recommended that the key points of the communication process and its results be recorded separately to determine the responsibilities of independent directors and the basis for performance evaluation.
With increasing emphasis on environmental and social issues, the Financial Supervisory Commission (FSC) plans to expand its "Corporate Governance Assessment" to build a culture of sustainable values. Starting in 2026, it will transform into an "ESG assessment". The company should continuously understand and keep abreast of the evaluation indicators in order to promote corporate governance mechanisms and improve the company's sustainable development.
Future Improvement Plans
The company will record the results of the communication between the independent directors and the internal audit manager and CPAs, and will continue to understand and monitor the evaluation indicators in order to promote the company's governance mechanism and improve the company's sustainable development.
Performance Evaluation Report