Audit Committee

The Audit Committee, which is composed of the entire number of the Independent Directors, assists the Board of Directors to enhance corporate governance effects. The Audit Committee is responsible for：

  1. Adoption or amendment of an internal control system, of handling procedures for financial or operational actions of material significance, such as acquisition or disposal of assets, derivatives trading, and assessment of the effectiveness of the internal control system；

  2. The matter bearing on the personal interest of the Directors；

  3. Review transactions involving an interested party pursuant to the law and review transactions involving transaction observation objects that shall require a prior approval of the board of directors in accordance with the law or in accordance with the relevant regulations of the company；

  4. The material asset or derivatives transaction；

  5. The offering, issuance, or private placement of any equity-type securities；

  6. The hiring or dismissal of an attesting CPA, or the compensation given thereto, and the appointment or discharge of a financial, accounting, or internal auditing officer；

  7. Annual and second-quarter financial reports signed or stamped by the chairman, manager and accounting supervisor；

  8. Proposal on business report, profit distribution or loss compensation；

  9. Functions and powers that shall be exercised by the Special Committee on Mergers and Acquisitions according to law；

  10. Any other material matter so required by CFH or the Competent Authority.

Regular meetings of the Audit Committee shall be held quarterly. The Audit Committee is entitled to require that any officer, employee, internal audit executive, outside legal counsel, certificated public accountant or other related parties attend a meeting of the Committee and provide information.

Mr. Edward Yung Do Way is the Convener and Chairman of 6th Audit Committee.


Title Name Main Education Main Experience
Independent Director
(Chairman of
Audit Committee)		 Edward Yung Do Way MBA of University of Georgia, USA
  • Chairman, YCSY Co., Ltd.
  • Former CEO, Deloitte Taiwan
    		•
    Independent Director
    (Member of
    Audit Committee)    		 Feng-Chiang Miau Honorary Ph.D., National Chiao Tung University
    M.B.A., Santa Clara University, USA
    Electrical Engineering BA, UC Berkeley, USA
  • Chairman, MiTAC Holdings Corporation
  • Chairman, Chinese National Association of Industries
  • Former ITRI Laureate
  • Former President of UPC Technology Corporation
  • Former President of Linde Lienhwa Industrial Gases Co., Ltd.
  • Former Chairman of Synnex Corporation
  • Former Independent Director of Galileo International Shipping Co., Ltd.
  • Former Independent Director of British Oxygen Company
  • Former Independent Director of Linde Group
  • Former Representative of APEC Business Advisory Council (ABAC)
  • Former Convener of Civil Advisory Committee of National Information and Communications Initiative Committee (NICI)
    		•
    Independent Director
    (Member of
    Audit Committee)    		 Li-Ling Wang Ph.D. of Temple University(Dept. of Risk Management, Insurance, and Acturial Science), USA
    Master of Hartford University(Dept. of Accounting), USA
  • Chairman, Pension Funds Association in Taiwan
  • Professor, National Chengchi University Department of Risk Management and Insurance
  • Former Vice President, National Chengchi University
  • Former Chairman, Financial Supervisory Commission Republic of China (Taiwan)
  • Former Director, First Financial Holding
  • Former Independent Director, China Life Insurance Co., Ltd.
    		•
    Independent Director
    (Member of
    Audit Committee)    		 Tang-Chieh Wu Master of National Chengchi University(Dept. of Public Finance)
  • Secretary-General, Taiwan Financial Services Roundtable
  • Former Chairman, Hua Nan Financial Holdings Co., Ltd.、Hua Nan Bank、Land Bank of Taiwan
  • Former Political Deputy Minister, Ministry of Finance
  • Former Vice Chairman, Financial Supervisory Commission Republic of China (Taiwan)
  • Former Director-General, Securities and Futures Bureau, Financial Supervisory Commission Republic of China (Taiwan)
    		•
    Independent Director
    (Member of
    Audit Committee)    		 Pei-Pei Yu The University of British Columbia - Master of Business Administration (MBA)
    National Chengchi University - Bachelor of Money and Banking
  • Chairman, Vigor Kobo Co., Ltd.
  • Independent Director, Wistron Corporation
  • Director, Hong Ting Investment Management Limited
  • Former Chairman, Zoyi Venture Capital Co., Ltd.
  • Former Managing Director, Goldman Sachs (Asia) L.L.C.(Hong Kong)
  • Former President, Goldman Sachs (Asia) L.L.C. Taipei Branch
  • Former Assistant Vice President, Union Bank of Switzerland Taipei Branch
  • Former Manager, Citibank Taiwan, Ltd. Taipei Branch
    		•

    Please refer to the Annual Reports of Cathay Financial Holdings or to the "Market Observation Post System" at http://mops.twse.com.tw/mops/web/t100sb03_1 for listing of the committee's meeting and the attendance of each member. Company code: 2882) inquiries.