|Internal Performance Evaluation of the Board and Functional Committees
The Company's Board of Directors has approved the "Methods to Evaluate Performance of the Board of Directors" on January 25, 2017. The Company executes the performance evaluation in the fourth quarter each year. In 2020, the members of the Board of Directors and functional committees and the responsible departments for Board of Directors meetings has processed internal performance evaluation on the “Board of Directors”, ”Director members”, “Audit Committee”, “Remuneration Committee” and “Corporate Governance Committee”. Each evaluation is processed separately and the assessment results will be classified into three levels: Exceeding Expectations, Meets Expectations, and Room for Improvement.
In 2020, the self-assessment results of the “Board of Directors”, ”Director members”, “Audit Committee”, “Remuneration Committee” and “Corporate Governance Committee” were rated as "Exceeding Expectations" and no material improvement items were found. The evaluation results will submit to the Board of Directors in the first quarter Board meeting in 2021 and will be as a reference for members of the Board of Directors and functional committees on their performance, compensation and nomination renewal.
|External Assessments Evaluated by Taiwan Corporate Governance Association
In 2018, the Company has commissioned Taiwan Corporate Governance Association to carry out an external assessment of the Board’s efficacy, especially with regard to eight aspects of the Board: composition, leadership, authority, supervision, communication, internal control and risk management, self-discipline and supportive systems. The assessment is carried out through an online questionnaire and site visits.