home  >  corporate governance  >  corporate governance frame & ethical management

Corporate Governance Frame & Ethical Management

Remuneration Committee

On December 26th 2011, we officially established the "Remuneration Committee" to assist the board in stipulating performance evaluation, reward policies, institutions, standards, and structures for directors & managers. Related performance evaluations, salaries, bonuses, profit sharing plan, and reward payment methods for board members & supervisors are regularly evaluated by the "Remuneration Committee" and recommended for discussion at the board meeting.

The terms of committee members: 2016.08.05-2019.06.07

 

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 

 

Ethical Management

In order to lower the risks of corporate corruption, U-Ming coordinated behavioral norms such as the "Principles of Ethical Corporate Management" and "Code of Ethics" with appropriate report systems and standards such as a variety of complete internal control system and operational methods including managerial policies, authorization systems, and division of labor by function. 

U-Ming has established multiple reporting channels, e.g., the human resource department, marine department and supervisors email addresses, which stakeholders and employees can report corrupt activities. The reporting channels are independent investigation mechanisms which conduct relevant investigation and inspection. 

 

Board Diversity

U-Ming has passed the amendment of "Corporate Governance Principles" in May 3rd, 2017, the 16th Board Meeting of the 17th session, clarifying the policy of Board Diversity. The articles are as below:

Chapter 3 Enhance the Function of Board of Directors

Rule No. 11: The diversification should be considerd as the formation of the Board of Directors, and the knowledge, skills, and literacy are commonly needed as well. In order to achieve the ideal goal for corporate governance, the whole Board should have the capability of operational judgement, analysis of financial accounting, business & management, crisis management, industry knowledge, international market perspective, leadership & decision making, etc.

2016.12.31

Title

Board 

Diversity 

 

Name

Sex

 Business

&

 Management 

 Leadership 

&

Decision Making 

 Industry

 Knowledge 

 Financial

 Accounting 

 Legislation 

 Environmental 

Protection 

Chairman

HSU, Shu-Tong

Male

   

Director

TUNG, Chee-Chen

Male

   

Director

CHANG, Tsai-Hsiung

Male

   

Director

LEE, Kun-Yen

Male

   

Director

Douglas Jefferson HSU

Male

   

Director

LEE, Kuan-Chun

Male

   

Director

ONG, Choo-Kiat

Male

   

Independent Director

CHU, Shao-Hua

Male

 

Independent Director

LIU, Chorng-Jian

Male

   

Supervisor

HSU, Shu-Ping

Male

   

Supervisor

CHIANG SHAO, Ruey-Huey

Female

   

Supervisor

CHANG, Tzu-Pong

Male