Corporate Governance Structure
GRI 2-13, 2-15, 2-23
The Board of Directors, as the highest governance body, is responsible for supervising SYSTEX’s operation and the implementation of policies. The Board of Directors has established the Audit Committee, Remuneration Committee, Integrity Committee and Risk Management Committee according to their responsibility. The Audit Division conducts different internal audits on a daily basis and reports the audit results to the Board of Directors. With these organizations mutual supervision, the Board can function more efficiently.
Organizational Governance Structure
Note: New version drawn on March 1, 2024.
Note:
Where the Chairman of the Board of Directors and the President or person of an equivalent post (the highest level manager) of a company are the same person, spouses, or relatives within the first degree of kinship, the reason for, reasonableness, necessity thereof, and the measures adopted in response thereto:
The chairman of the company also serves as the general manager, in order to improve operating efficiency and decision-making execution. The chairman of the board of directors also closely communicates with the directors on the company’s current operating conditions and planning guidelines in order to implement corporate governance. The measures adopted in response thereto:
(1)The current four independent directors are specialized financial and accounting affairs, leadership, operation, investing management respectively, possess academic and industrial knowledge and international market perspective, and can effectively perform their supervisory functions.
(2)More than half of the directors of the company do not concurrently serve as employees or managers.
(3)The audit committee and remuneration committee of the company are composed of three independent directors. Independent directors can fully discuss and put forward suggestions in each functional committee for the reference of the board of directors to implement corporate governance.