According to Article 19 of the Company’s Corporate Governance Best-Practice Principles, diversity shall be considered for the composition of the Board of Directors. Apart from directors who are concurrently acting as the company’s managers which should not exceed one-third of the seats of the board members, an appropriate diversity policy should be formulated for the operations, operation pattern, and development needs of the company. It is advisable that the policy include, without being limited to, the following two general standards:
- Basic criteria and value: They are gender, age, nationality and culture. For the gender criteria, female directors account for one-third of the total director seats.
- Professional knowledge and skills: Professional background (such as laws, accounting, industry, finance, marketing or technology), professional skills and industry experience.
The board members composition shall include members with background in the required knowledge, skills and competence for performing the duties. To achieve the ideal goals of corporate governance, the overall skills that the board shall possess are as below:
- Operational Judgment Skills
- Accounting and Financial Analysis Skills
- Management Administration Skills
- Crisis Handling Skills
- Industry Knowledge
- International Market Perspectives
- Leadership Skills
- Decision-Making Skills
The Company’s Board of Directors is composed of five directors, including three independent directors which stand at 43% of the board members. The Company pays attention to the gender balance of the board.
The specific management objectives and implementation status of the board diversity policy are as follows:
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Management objectives |
Status of achievement |
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More than half of the board seats are held by independent directors, and their consecutive terms do not exceed three terms. |
The Company’s three independent directors shall not serve for more than three consecutive terms. |
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The number of directors concurrently serving as managers is less than one-third of the total board seats. |
The Company has a total of seven board seats. Only the General Manager concurrently serves as the Company’s corporate director representative, which does not exceed one-third of the total number of board seats. |
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Independent directors concurrently serving as directors (independent directors) or supervisors of other companies shall not exceed five companies. |
None of the three independent directors hold such concurrent positions. |
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Directors possess diverse backgrounds and professional expertise. |
The directors possess diverse professional backgrounds, including semiconductor, technology, computer, finance, and accounting industries. |
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Two seats are held by major shareholders. |
The company does not have any major shareholders holding more than 5% of shares. |
Implementation of board diversity:
| Title | Gender | Business management | Leadership and Decision making | Knowledge of the industry | Accounting and financial analysis | |
| Yu Chuan Intelligence Co., Ltd. Representative： David Tu | Chairman | male | ||||
| Yu Chuan Intelligence Co., Ltd. Representative： Danny Chuang | Director | male | ||||
| Yu Chuan Intelligence Co., Ltd. Representative： Joseph Lien | Director | male | ||||
| Hsieh,Cheng-Hsueh | Director | male | ||||
| Chiang, Nan-Hung | Independent Director | male | ||||
| Tsai, Kun-Chou | Independent Director | male | ||||
| Liu, Kuei-Yi | Independent Director | male |
