Novatek commits to integrity and acts complied with government laws and regulations to provide sufficient operational transparency and respect for shareholder rights. The Company's Board of directors consists of industry seniors with profound professional experiences and related expertise. The Remuneration Committee and the Audit Committee are constructed under supervision by the Board of directors to further reinforce the Company's internal operation and corporate governance.
The Company's vice president of investment relations shall organize and supervise the corporate governance operation, whereas its financial director shall be responsible for the matters relating to the board of directors, in which the main duties cover providing directors with the data for business execution and board meetings and development of the latest corporate operation related laws and regulations.
The 2017 business promotion mainly includes six credits of the “home teaching” advanced study program commissioned to Taiwan Corporate Governance Association for the board members, taking out liability insurance for directors and managers, providing board members with proceedings, meeting data and minutes book in accordance with the rules of procedures for board of directors meetings, preparing meeting notice, meeting manual and minutes book for shareholders' meetings in conjunction with the prescription statutory limitation, etc. In addition, the operation and execution relating to change registration as the case may be, auditing as well as CPA's periodical communication with the audit committee members for auditing matters, financial report's material issues and amendment and development of the latest laws and regulations, holding of quarterly investor conferences and non-periodical participation in investment forums were already reported in the 2018 board of directors meeting.
Election of Independent Directors
According to Novatek's Articles of Incorporation, directors (including independent directors) shall be elected pursuant to the Candidate Nomination System. The professional qualifications, restrictions on the shareholdings and concurrent positions held, method of nomination and election, and other matters with respect to independent directors shall be in compliance with applicable laws and regulations of the ROC Company Law and Securities and Exchange Act.
According to article 192-1 of the ROC Company Act, Novatek shall announce the period for accepting the nomination of director candidates (including independent directors), the number of directors to be elected, the place designated for accepting the roster of director nominees, and other necessary matters.
|Independent Director Candidate List for the 8th term of Board of Director|
|8th Independent Director Election Results|