Structure of Governance

Structure of Governance

Yao I has independent Remuneration Committee and Audit Committee in compliance with related laws.

The main purpose of the operation of the Audit Committee is to supervise the following matters:
1. Fair representation of the company's financial statements.
2. Selection (dismissal), independence and performance of certified accountants.
3. Effective implementation of the company's internal control.
4. The company follows relevant laws and regulations.
5. Management and control of existing or potential risks of the company.

The function of the remuneration committee is to evaluate the remuneration policies and systems of the directors and managers of the company in a professional and objective position, and make recommendations to the board of directors for its decision-making reference.
1. Establishing and periodically reviewing the performance assessment standards, annual and long-term performance goals, and the policies, systems, standards, and structure for the compensation of the directors and managerial officers of this Corporation.
2. Periodically assessing the degree to which performance goals for the directors and managerial officers of this Corporation have been achieved, setting the types and amounts of their individual compensation based on the results of the reviews conducted in accordance with the performance assessment standards.

The members of the Remuneration Committee and the Audit Committee shall be appointed by the resolution of the Board of Directors. The number of members shall not be less than three, and one of them shall be the convener. The professional qualifications and independence of the members of the committee comply with the relevant laws and regulations.

The remuneration committee and audit committee of the company are independent directors Mr. Hsiao Chen-Chi, Mr. Hsu Hsiang-Jen and Mr. Lin Yuan-Cheng. The committee is held at least twice a year. Please refer to the annual reports of the company for the details of the committee meetings.

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