CORPORATE GOVERNANCE
- Board of Directors
- Audit Committee
- Remuneration Committee
- Approved Items By Board
- Approved Items By Audit Committee
- Approved Items By Remuneration Committee
- Communications Between The Independent Directors, The Internal Auditors And CPAs
- Policy Related Documents And Implementation Status Of Corporate Governance
- Corporate Governance,Sustainable Development,Ethical Corporate Management and Risk Management
Communications Between The Independent Directors, The Internal Auditors And CPAs
The policy of the communication.
- The independent directors and CPAs:The CPAs hold meetings at least twice a year, which focus on the financial conditions of the company, the operation ,financial conditions and internal audit of foreign subsidiary ,and fully communicating with the significant adjusting journal entries and the influence of modified regulation.In the case of emergency, a meeting may be convened at any time.
- The independent directors and the internal audit managers: the internal auditors hold meetings on a quarterly basis,communicating the result of the audit report and the situation of internal control.In the case of emergency, a meeting may be convened at any time.
The communication between the independent directors and CPAs has been functioning well, and major discussions in the past two years are as below:
Date | Meeting | Communication Matter | Report Highlight | Communication Results and the Company’s Response |
March 4, 2024 | Communication | 2023 Financial Statements | 2023 Financial Audit Report, Significant Accounting Standards and Update of tax laws and regulations. | CPAs explained condition of 2023 financial and gains (losses),and conducted discussions and communications focusing on accounting principles and application of tax regulations, and no objections from independent directors. |
Key Audit matters | 2023 Key Audit matters in inventory evaluation, business combination, and impairment assessment of goodwill. | Based on CPAs’ professional judgements, Key Audit matters of 2023 financial statements of the Company are approved without objections from independent directors. | ||
The major concerns of competent authority | The letter from the competent authority explains the major deficiency in internal control, reminder and cases of OTC and emerging company | After discussion and communication, no objections from independent directors. | ||
August 5, 2024 | Communication | The Financial Statement of first half of 2023 | Financial Audit Report, Significant Accounting Standards and Update of tax laws and regulations for first half of 2023. | CPAs explained condition of the first half of 2023 financial and gains (losses), and conducted discussions and communications focusing on accounting principles and application of tax regulations, and no objections from independent directors. |
Annual Audit Plans | Identification of Key Audit matters and major audit procedures. | Acknowledged by independent directors. | ||
Other notes and important regulatory updates. | Matters of the competent authority and intents of important regulatory updates. | After discussion and communication, no objections from independent directors. |
Date | Meeting | Communication Matter | Report Highlight | Communication Results and the Company’s Response |
March 7, 2023 | Communication | 2022 Financial Statements | 2022 Financial Audit Report, Significant Accounting Standards and Update of tax laws and regulations. | CPAs explained condition of 2022 financial and gains (losses),and conducted discussions and communications focusing on accounting principles and application of tax regulations, and no objections from independent directors. |
Key Audit matters | 2022 Key Audit matters in inventory evaluation, business combination, and impairment assessment of goodwill. | Based on CPAs’ professional judgements, Key Audit matters of 2022 financial statements of the Company are approved without objections from independent directors. | ||
The major concerns of competent authority | Update of stock exchange laws and regulations | Approved after discussion and communication, and no objections from independent directors. | ||
August 3, 2023 | Communication | The Financial Statement of first half of 2023 | Financial Audit Report, Significant Accounting Standards and Update of tax laws and regulations for first half of 2023. | CPAs explained condition of the first half of 2023 financial and gains (losses), and conducted discussions and communications focusing on accounting principles and application of tax regulations, and no objections from independent directors. |
Annual Audit Plans | Identification of Key Audit matters and major audit procedures. | Acknowledged by independent directors. | ||
Other notes and important regulatory updates. | Matters of the competent authority and intents of important regulatory updates. | After discussion and communication, no objections from independent directors. |
The communication between the independent directors and the internal auditing officer has been functioning well, and major discussions in the past two years are as below:
Date | Meeting | Discussion | Communication Results and the Company’s Response |
March 4, 2024 | Audit Committee | 2023 Internal Control System Statement and Report on implementation status of self-evaluation. | No objections from independent directors and submitted for report to the Board of Directors after resolution. |
Audit implementation report in Q4, 2023, and post-term follow-up audit descriptions. | After discussion and communication, no objections from independent directors against audit implementation report. | ||
May 3, 2024 | Audit Committee | Audit implementation report in Q1, 2024. | After discussion and communication, no objections from independent directors against audit implementation report. |
August 5, 2024 | Audit Committee | Audit implementation report in Q2, 2024. | After discussion and communication, no objections from independent directors against audit implementation report. |
November 1, 2024 | Audit Committee | 2025 Audit Plans (Internal audit managers discussed with independent directors prior to the meeting) | No objections from independent directors and submitted for report to the Board of Directors after resolution. |
Audit implementation report in Q3, 2024. | After discussion and communication, no objections from independent directors against audit implementation report. |
Date | Meeting | Discussion | Communication Results and the Company’s Response |
March 7, 2023 | Audit Committee | 2022 Internal Control System Statement and Report on implementation status of self-evaluation. | No objections from independent directors and submitted for report to the Board of Directors after resolution. |
Audit implementation report in Q4, 2022, and post-term follow-up audit descriptions. | After discussion and communication, no objections from independent directors against audit implementation report. | ||
May 3, 2023 | Audit Committee | Audit implementation report in Q1, 2023. | After discussion and communication, no objections from independent directors against audit implementation report. |
August 3, 2023 | Audit Committee | Audit implementation report in Q2, 2023. | After discussion and communication, no objections from independent directors against audit implementation report. |
November 2, 2023 | Audit Committee | 2024 Audit Plans (Internal audit managers discussed with independent directors prior to the meeting) | No objections from independent directors and submitted for report to the Board of Directors after resolution. |
Audit implementation report in Q3, 2023. | After discussion and communication, no objections from independent directors against audit implementation report. |