Shengda Group Sustainable Development Committee
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Corporate Governance
committee
The Audit Committee
The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its role in overseeing the quality and integrity of the company's accounting, auditing, financial reporting processes, and financial controls.
The main purpose of the operation of this committee is to supervise the following issues:
1. The accuracy of the company's financial statements
2. The selection (dismissal), independence verification, and performance evaluation of certified public accountants
3. The effective implementation of the company’s internal controls
4. The company must comply with relevant laws and regulations.
5. The management and control of existing or potential risks of the company
Related Link:
Audit Committee Resolution
| Committee List | Name |
|---|---|
| Member (convener) | Yung-Yen Chen (Independent Director) |
| Member | Chun-Yao Li (Independent Director) |
| Member | Lin Chang Hua (Independent Director) |
| Member | Kuo-Hui Ning (Independent Director) |
Compensation Committee
The function of this committee is to evaluate the salary and compensation policies and systems for the directors and executives of the company from a professional and objective standpoint. It provides recommendations to the board of directors for their decision-making.
The key responsibilities include:
- Evaluating and overseeing the company's overall compensation policies.
- Assessing and approving the compensation levels for directors
- Assessing and approving the compensation levels for executives at the level of managers and above
- Other matters related to compensation and the development of employee incentive programs
The committee must be composed of a minimum of three members who are appointed by the board of directors. The majority of the committee members should be independent directors. The committee is required to convene at least twice a year.
Related links: Compensation Committee Resolutions
Nominating Committee
This committee, operating under the authority of the Board of Directors, is responsible for executing the following duties in accordance with best management practices and submitting its recommendations to the board for review and discussion:
- Establishing the standards for the professional knowledge, skills, experience, diversity of backgrounds including gender, and independence required for members of the board of directors and senior executives. Using these standards to identity, review, and nominate candidates for directors and senior executives.
- Constructing and developing the organizational framework for the board of directors and its committees, conducting performance assessments for the board of directors, various committees, individual directors, and senior executives, and evaluating the independence of independent directors.
- Establishing and regularly reviewing training plans and succession plans for directors and senior executives.
- Formulating the corporate governance best practices for the company.
This committee is composed of at least three directors recommended by the board of directors, with a majority of them being independent directors. The committee should convene at least twice a year.
Related links: Nominating Committee Resolutions
Sustainability Committee
In order to implement environmental, social, and governance aspects of sustainable development, the Sustainable Development Committee establishes six major groups: corporate governance, environmental protection, social responsibility, risk management, information security, and ethical operations. These groups are responsible for coordinating and formulating policies for promoting corporate governance and sustainable development initiatives, regularly implementing and improving their effectiveness. They report the progress and performance to the board of directors to pursue corporate sustainability and fulfill social responsibilities.
This committee meets at least twice a year and may convene meetings at any time as needed.
Related links: Sustainable Development Committee Resolutions
| Committee List | Name |
|---|---|
| Chairman | Hongzheng Chen (Director) |
| Vice President | Shumei Zhang (Chief Financial Officer) |
| Vice President | Jianhui Chen (Quality Assurance Director) |
| Ex-officio member | Ling Jun Zhao (Information Security Manager) |
| Sustainable Development Committee | 2023 | 2022 |
|---|---|---|
| Operations |
ESG
ESG Topics
Corporate Governance
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