In 2027, the Company’s Board of Directors approved "Board Performance Evaluation Rules," which conducts annual performance evaluations of Board menbers and Board meeting unit.
In 2019, based on the model standards announced by TWSE, the Board approved revisioins to the “Board Performance Evaluation Rules”to include the operations of functional committees in the performance evaluation scope and to add a requirement for evaluations to be conducted every three years by an external professional institution or a panel of external experts and scholars.
The most recent external evaluation of the Board's performance was conducted at the end of 2024 by EY Consulting Services Inc. The results have been submitted to the Company's Remuneration Committee and the 4th Report of the 17th Board of Directors on March 3, 2025. Details of the implementation are as follows:
In November 2024, the Company commissioned EY Consulting Services Inc. to conduct an external assessment and cororate governance. EY and its team members have no business dealings with the Company and are independent. Their professional competence and experience meet the requirements for external performance evaluations. For detailed implementation, please refer to the external performance evaluation report of the Company's Board of Directors.
The five aspects for the Board evaluation:
1. Participation involving the Company’s business operation
2. Board of Directors’ quality improvement in decision-making
3. Composition and structure of the Board
4. Appointment and continued education of the Directors
5. Internal control
The six aspects for the Board member evaluation:
1. Management control over the Company’s goals and missions
2. Director’s accountability awareness
3. Participation involving the Company’s business operation
4. Internal relationship management and communication
5. Director’s expertise and continued education
6. Internal control
The five aspects for the functional committee’s evaluation:
1. Participation involving the Company’s business operation
2. Accountability awareness of the functional committee
3. Functional committee quality improvement in decision-making
4. Functional committee composition and appointment
5. Internal control