Actions and Results

In accordance with the Company Act, the Securities and Exchange Act, and other relevant securities management regulations, the Company has amended its operational standards including the “Corporate Governance Best Practice Principles”, “Corporate Social Responsibility Best Practice Principles” and “Ethical Management Policy”. The Company has established a corporate governance framework and promotes relevant tasks in accordance with the above to safeguard the rights and interests of investors, utilize the functions of the board of directors and relevant functional committees, and promote transparency.

Vice President Ms. Jean Hong shall be the person responsible for corporate governance in the Company. Ms. Jean Hong has more than ten years of experience in conducting financial operations and business meetings in a management capacity in listed companies. Her main responsibilities are as follows:

  1. Formulating company policies and an appropriate organizational structure to facilitate independence of the board of directors, transparency of the company, and effective implementation of compliance, internal audit and internal control.
  2. Reporting to the board of directors, directors, and the functional committees on the status of corporate governance practices in the company, and checking if shareholders meetings and board meetings are called in compliance with the applicable regulations and corporate governance principles.
  3. Inviting suggestions from directors prior to a board meeting to facilitate preparation of the meeting agenda; and giving a minimum of 7-day notice to all directors to attend a meeting and providing sufficient materials for the directors to familiarize themselves with the items. Giving prior notice to the individuals involved in the presence of items that involve stakeholder interest and require recusal.
  4. Registering the date of shareholders meeting and preparing and filing with the authority the shareholders meeting notice, agenda, and minutes by the statutory deadline every year; and completing the procedures after an amendment of the Articles of Incorporation or an election of directors.
  5. Inspecting the disclosure of material information passed by the board of directors after a board meeting or shareholders meeting in order to ensure the legality and accuracy of said material information and protect parity of investor information.
  6. Keeping board members informed of latest changes and developments in laws and regulations relevant to the company's field and regarding corporate governance.
  7. Create yearly study plans or enroll in courses based on the characteristics of the company's business activities and the education and experience of respective directors.
  8. Providing the directors with necessary company information; and maintaining an open communication channel between the directors and the department leaders.
  9. Providing assistance to arrange communication between the independent directors and the Chief Audit Officer and the certified public accountants to facilitate understanding of the company's financial operations.
  10. Other duties pursuant to the Articles of Incorporation or other contracts.
  11. 2018 List of Top Shareholders of LITE-ON Technology Corp. (Updated on April 23, 2019)

Plan Implementation status for 2018

  1. Established the annual work plan and meeting agenda for the board of directors and functional committees, and prepared legislative proceedings. Gave prior notice to the individuals involved where there were items involving stakeholder interest and requiring recusal. Held 8 board meetings, 8 Audit Committee meetings, 2 Growth Strategy Committee meetings, and 3 Compensation Committee meetings in 2018. The details of the above meetings are on the Company's website.
  2. Registered shareholder meeting date within the period stipulated by law (2018 shareholder meeting was held on June 22) and assisted in running the meeting.
  3. Inspecting the disclosure of material information for important resolutions by the board meeting and shareholders meeting. Announcements of material information were made in accordance with the law.
  4. Six hours of courses were arranged for directors in accordance with the Amendments to the Company Act, to enable the directors to understand the impact of the amendments on companies and directors.
  5. Arranged communication between independent directors and internal auditors/Certified Public Accountants during Audit Committee meetings. Summarizes can be found on the Cmpany’s website.
  6. Arranged an “Integrity Management Team” to report on the Company's implementation status and plans in promoting integrity management to the board of directors on October 30, 2018, and thus ensured the implementation of the Ethical Management Policy.
  7. Appointed the Taiwan Corporate Governance Association to execute and complete the achievement external evaluation for the 2018 board of directors. The results will be evaluated at the board meeting in the first quarter of 2019.
  8. Awarded as being in the top 5% listed companies in the Corporate Governance Evaluation Survey.

2019 Corporate Governance Operating Status

  1. Reporting to the board of directors, directors, and the functional committees on the status of corporate governance practices in the company, and making sure that shareholders meetings and board meetings are called in compliance with the applicable regulations and corporate governance principles.
  2. Established the annual work plan and meeting agenda for the board of directors and functional committees, and prepared legislative proceedings. Inviting suggestions from directors prior to a board meeting to facilitate preparation of the meeting agenda; and giving a minimum of 7-day notice to all directors to attend a meeting and providing sufficient materials for the directors to familiarize themselves with the items. Gave prior notice to the individuals involved where there were items involving stakeholder interest and requiring recusal. Held 7 board meetings, 7 Audit Committee meetings, 2 Growth Strategy Committee meetings, and 3 Compensation Committee meetings in 2019. The details of the above meetings are on the Company's website.
  3. Inspecting the disclosure of material information passed by the board of directors after a board meeting or shareholders meeting in order to ensure the legality and accuracy of said material information and protect parity of investor information.
  4. Keeping board members informed of latest changes and developments in laws and regulations relevant to the company's field and regarding corporate governance.
  5. Providing the directors with necessary company information; and maintaining an open communication channel between the directors and the department leaders.
  6. Registered shareholder meeting date within the period stipulated by law (2019 shareholder meeting was held on June 21) and assisted in running the meeting.
  7. Arranged 6 hours of educational training for the directors on “Global economic trends and technological developments” and “Insider trading related topics”.
  8. Arranged communication between independent directors and internal auditors/Certified Public Accountants during Audit Committee meetings. Summarizes can be found on the Company’s website.
  9. Arranged an “Integrity Management Team” to report on the Company's implementation status and plans in promoting integrity management to the board of directors on November 4, 2019, and thus ensured the implementation of the Ethical Management Policy.

2019 Training record of Corporate Governance Manager

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2020 Execution plan

Continue to improve the construction of the corporate governance structure and promote related work so as to protect investors' rights and interests, play the role of the board of directors and related functional committees, and improve information transparency.

LITE-ON Corporate Values

Customer Satisfaction, Excellence in Execution, Innovation, and Integrity are the guiding principles, commitments, and beliefs o f LITE-ON Technology. These values are applied throughout the company's daily business operations and management.

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Corporate Governance ▸

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