Committees

For the purpose of developing supervisory functions of board of director and strengthening management mechanisms, Chipbond has set up the Audit Committee in June, 2011. The Audit Committee is composed by entire three independent directors. Among them, at least one of the independent directors has accounting or financial expertise. The independent director members of the Committee shall serve a 3-year term, and may be re-elected to further terms. The convener is represented The convener of the Committee shall represent the Committee to the public.

Compensation Committee is responsible to establish and review periodically the policy, system, standard and structure of performance assessment and salary of directors and managers.
Members of the Committee shall be appointed by the Board of directors. The Committee shall not be fewer than three members, one of whom shall be the convener. The tenure of office of the Committee members shall be consistent with their tenure as Board of Directors of the Company. When a member of the Committee is dismissed for any reason, it should be appointed a replacement at the next following board of directors meeting.

For the purpose of developing functions of board of directors and strengthening management mechanisms, Chipbond has set up the Nomination Committee in October, 2021. The Nomination Committee is responsible for:

(1) Laying down the standards of independence and a diversified background covering the expertise, skills, experience, gender, etc. of members of the board, supervisors and senior executives, and finding, reviewing, and nominating candidates for directors, supervisors, and senior executives based on such standards. 

(2) Establishing and developing the organizational structure of the board and each committee, and evaluating the performance of the board, each committee, and each director.

(3) Establishing and reviewing on a regular basis programs for the succession plans of directors.

The Nomination Committee at least consists of three directors, and at least half of the seats shall be independent directors.