BOD & Functional Committees

Board of Directors Major Board Meeting Resolutions Performance Rating The Audit Committee Compensation Committee
The Audit Committee
The Fifth Term of Audit Committee
NameTitleMajor industrial/educational background
I-Shih ChenConvenerMaster of Management Science, National Chiao Tung University
Chairman, Apacer Technology Inc.
Vice President, Acer Inc.
Cheng-Chung LiMemberPh.D., Materials Engineering, National Chiao Tung University
Master of Business EMBA, Stanford University
Deputy General Director of Electronic and Optoelectronic System Research Laboratories, Industrial Technology Research Institute
Deputy Director of Display Center Director Room, Industrial Technology Research Institute
Huei-Shih LungMemberBachelor, Department of Business Administration, National ChengChi University
Chairman, HsiangLung Investment Co. Ltd.
Chairman, Aserve Technology Corp.
Chief Accounting Officer, Acer Incorporated
Independent Director and member of Remuneration Committee, AOPEN Incorporated
Independent Director and member of Remuneration Committee, ProLight Opto Technology Corporation
Independent Director and member of Remuneration Committee, Acer Cyber Security Incorporated

Annual key functions and operations:

1. 2021 key functions
  1. Communicate results of audit report with the head of internal audit regularly according to the annual audit plan.
  2. Communicate with CPA regularly over financial statement review or audit results in each quarter.
  3. Review financial reports.
  4. Assessment of effectiveness of internal control system.
  5. Review the appointment or remuneration of attesting CPA.
  6. Evaluate the independence of CPA who provide audit and non-audit services.
  7.  Review the Company's operational procedures and material transactions of assets, derivatives, capital lending
  8. Legal compliance.
2. 2021 operations:

 The Audit Committee held six meetings during 2021. Proposals of the Audit Committee meetings  have all been approved by members of the Audit Committee with no dissent from all of the Independent Directors. There are no independent directors' avoidance of any proposals in conflict of personal interests in 2021.

3.Where the operations of the Audit Committee meets matters included in Article 14-5 of the Securities and Exchange Act, it shall clearly disclose the Audit Committee's convening items and resolutions:
Audit Committee Term
(Date)
ContentObjections, reservations or major suggestion of Independent DirectorThe result of resolutions of the Audit CommitteeThe Company’s actions in response to the resolutions
5th Term
3th Meeting
(2021.02.01)
  • Approved the Internal Control Declaration for 2020
  • Accepted the 2020 Parent Company Only and Consolidated Financial Statements
  • Approved the subsidiary’s funds lending
  • Approved the 2021 service items, fees and independence assessment of the Certified Public Accountant
  • Approved the amendment to the “Procedures for Endorsement and Guarantee”
NoneChairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion.All resolutions have been approved with no dissent by all attending directors of the Board of Directors.
5th Term
4th Meeting
(2021.04.26)
  • Approved the proposal for 2020 deficit compensation
  • Approved to cancel the amendment to the “Procedures for Endorsement and 
        Guarantee” 
NoneChairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion.All resolutions have been approved with no dissent by all attending directors of the Board of Directors.
5th Term
5th Meeting
(2021.06.29)
Approved the disposition of Darwin Precisions (Suzhou) Corp.’s real estate, a 
    subsidiary
NoneChairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion.All resolutions have been approved with no dissent by all attending directors of the Board of Directors.
5th Term
7th Meeting
(2021.10.25)
  • Approved the subsidiary’s funds lending
  • Approved the 2022 annual audit plan
NoneChairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion.All resolutions have been approved with no dissent by all attending directors of the Board of Directors.
5th Term
8th Meeting
(2021.12.01)
Approved the increase capital expenditure budget of subsidiaryNoneChairman has acknowledged all attending members of the Audit Committee and they have no dissenting opinion.All resolutions have been approved with no dissent by all attending directors of the Board of Directors.