We plan to revise the Articles of Association in 2018, and set up the Audit Committee to replay the existing supervisor system in 2019. It aims to improve the supervision effect, enhance the corporate governance and maintain the interests of minor shareholders, as well as improve the validity of internal control.
2018 Annual Shareholders' Meeting (9:00 a.m., June 6, 2018)
Amendments of “Articles of Incorporation”
Pursuant to Article 14-4 of the Securities and Exchange Act, the Company will establish an Audit Committee. The Audit Committee shall make up of the entire number of independent directors, and it is responsible of executing powers relegated to Supervisors by the Company Act, Securities and Exchange Act and other laws and regulations. The Supervisors will cease to function and be ipso facto dismissed on the date of instituting of the Audit Committee. The organizing members, exercise of powers and other matters to be abided by the Audit Committee shall follow related laws, regulations or rules or regulation of the Company. The organization regulations of the Audit Committee shall be adopted by the Board of Director.
For more details, please refer to the Handbook for the 2018 Annual Meeting of Shareholders.