Maintain operation transparency and high governance standard.
Members of the Board of Directors
Amulaire believes that the integrity and effectiveness of the board of directors are the roots of sustainable operation. We govern the company on the basis of compliance with the regulations or even better than the regulations. In this sense, we sustain a high governance standard and ensure the board of directors operate effectively to protect the interests of our shareholders.
Members of the sixth board of directors of Amulaire:
|Director||Sunder Investment. Co., Ltd.
Representative: Chao-Li, Huang
|Director||Pao Yu (II) Investments Co., Ltd.
Representative: Chi-Joan Yu
|Independent Director||Hsin-Yi, Chan||
|Independent Director||Shih Han, Huang||
|Independent Director||Ying-Jet, Wang||
- The diverse composition of our board of directors ensures the quality of decision making. Their expertise includes marketing & sales, financial & tax affairs, company supervision and law & finance.
Operational Performance Management of the Board of Directors
The chairman of the board, who governs internal management, is the chairperson of Amulaire. The execution of business strategies is the responsibility of our professional managers.It is the responsibility of the board of directors to govern, appoint and guide the management of our company and to track the overall condition of the business operation to enhance the governing mechanism and strengthen the management capability.
Amulaire will assess the operating results of the board of directors from time to time to ensure the benefits of our shareholders.Board CommitteeIn order to make our governance and financial information transparent, real-time and fair to fulfill and improve the operational mechanism, Amulaire has established the “audit committee” and “remuneration committee”.Responsibilities of the Audit CommitteeThe audit committee consists of three members, of whom are all independent directors.
They take charge of helping the board of directors review the financial statement, internal control system,internal audit, accounting policies and procedures, material asset transaction, employment of accountants and dealing with the appointment and dismissal of the financial, accounting and internal audit managers to ensure compliance with laws and regulations set by the government. Responsibilities of the Remuneration CommitteeIn order to enhance corporate governance and align with international standards, Amulaire established the remuneration committee in 2016, which was empowered by the board of directors to govern and review the overall remuneration policies and plans.
The internal audit is an independent unit directly reporting to the board of directors. As regulated by the internal audit operation regulations, the purpose of the internal audit is to “review if the management and financial activities relevant to business operation and their results conform to the internal charter for the operation and management system as well as provide confirmation and counseling services regarding the efficiency and effectiveness of the execution of systems.” Also as regulated by the internal audit rules, the purpose of the internal audit includes “to assist the board of directors and managers in checking and reviewing the deficiency of the internal control system, measuring the effectiveness and efficiency of operation and providing improvement advices as appropriate in order to ensure the continual and effective implementation of the internal control system and be used as the reference for the review and revision of the internal control system.” As such, the setup of the internal audit is carried out via the internal audit operation in order for the governance authourity and the management to see if company operations are aligned with the internal control system set by the company as well as revise the internal control system as appropriate based on the advices from the internal audit. As required by the Regulations Governing Establishment of Internal Control Systems by Public Companies, the internal audit should establish the annual audit plan before the beginning of the year and send it for approval by the audit committee once discussion with the board of directors is made.
The audit task should be carried out month by month as planned and documented. The results of the audit and the follow-up improvement of deficiencies should be reported to the audit committee monthly and compiled for review by the board of directors quarterly. Based on the aforementioned audit reports and the self-evaluation results done by the internal control of each department after audit review, the board of directors will generate the validity statement on the design and execution of the internal control system. In addition to the aforementioned general audit tasks, the board of directors and audit committee may, as it deems necessary, instruct an internal audit of projects. The results from such audit may be used as a reference for the governance authority to evaluate the execution of the internal control system.