Functional Committees

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 supervisorAnnual and semi-annual financial reports;
  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. Tang-Chieh Wu is the Convener and Chairman of 7th Audit Committee.

Audit Committee Member

Chairman
Tang-Chieh Wu
/ Independent Director
Main Education
Master of National Chengchi University(Dept. of Public Finance)
Main Experience
Secretary-General, Taiwan Financial Services Roundtable
Former Experience
Chairman, Hua Nan Financial Holdings Co., Ltd.、Hua Nan Bank、Land Bank of Taiwan
Political Deputy Minister, Ministry of Finance
Vice Chairman, Financial Supervisory Commission Republic of China (Taiwan)
Director-General, Securities and Futures Bureau, Financial Supervisory Commission Republic of China (Taiwan)
Member
Li-Ling Wang
/ Independent Director
Main Education
Ph.D. of Temple University (Dept. of Risk Management, Insurance, and Acturial Science), USA
Master of Hartford University(Dept. of Accounting), USA
Main Experience
Chairman, Pension Funds Association in Taiwan
Professor, National Chengchi University Department of Risk Management and Insurance
Former Experience
Vice President, National Chengchi University
Chairman, Financial Supervisory Commission Republic of China (Taiwan)
Director, First Financial Holding

Independent Director, China Life Insurance Co., Ltd.
Member
Pei-Pei Yu
/ Independent Director
Main Education
The University of British Columbia - Master of Business Administration (MBA)
National Chengchi University - Bachelor of Money and Banking
Main Experience
CEO and Chairman, Vigor Kobo Co., Ltd.
Independent Director, Wistron Corporation
Director, Hong Ting Investment Management Limited
Former Experience
Chairman, Zoyi Venture Capital Co., Ltd
Managing Director, Goldman Sachs (Asia) L.L.C.(Hong Kong)
President, Goldman Sachs (Asia) L.L.C. Taipei Branch
Assistant Vice President, Union Bank of Switzerland Taipei Branch
Manager, Citibank Taiwan, Ltd. Taipei Branch
Member
Denny
Cheng-Hung, Kuo
/ Independent Director
Main Education
M.B.A., National Taiwan University
Main Experience
Chairman, TN Soong Foundation Independent
Director, TCM Biotech International Corp.
Former Experience
ICEO and Chairman, Deloitte Taiwan, etc.
Member
James
Wei, Wang
/ Independent Director
Main Education
M.B.A., Harvard University, USA
M.E., Carnegie Mellon University, USA
Main Experience
Chairman and CEO, Sercomm Corporation
Independent Director, Formosa International Hotels Corporation
Former Experience
Vice Chairman and President, Cathay Life Insurance

Related Links

List of the committee's meeting
and the attendance of each member
"Market Observation Post System" Company code: 2882