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Corporate Governance Structure

BOD determines the direction of operations and undertakes operational risks. In June 2019, the Audit Committee was established to replace the supervisor system to improve the supervision effect, enhance corporate governance, maintain the rights and benefits of minority shareholders, and improve the effectiveness of internal control. The Remuneration Committee is an independent body established to establish and review the remuneration body of directors and managers; develop a healthy remuneration management system; and optimize the governance framework. Under the president there are divisions including the Administration Division, Accounting Division, Financial Division, Business Division, Engineering and Materials Division, Marine Division and OHS Office. The network-based flat organization management is adopted to enhance information delivery and work efficiency.

 

Directors are elected based on the member diversification policy. Directors should be equipped with the competencies in operation judgment, accounting and financial analysis, operational management, crisis handling, industrial knowledge, international market view, leadership and decision-making. The BOD was re-elected in June 2019. Currently, the BOD has 11 members (including 3 independent directors). The current term commenced on June 13, 2019 and will end on June 12, 2020.


Certificate of Corporate Governance System

U-Ming has been awarded the Certificate of Corporate Governance System CG6005 from Taiwan Corporate Governance Association (TCGA). 

Certificate of Corporate Governance System CG6005