Responsibilities of Board Members:
Board members should faithfully perform their duties and fulfill the duties of a good manager, exercising their powers with a high degree of self-discipline and prudence in the execution of the company's business. Apart from matters required by law or company bylaws to be decided by the shareholders' meeting, they should faithfully follow the resolutions of the board.
Board responsibilities include:
Board members should faithfully perform their duties and fulfill the duties of a good manager, exercising their powers with a high degree of self-discipline and prudence in the execution of the company's business. Apart from matters required by law or company bylaws to be decided by the shareholders' meeting, they should faithfully follow the resolutions of the board.
Board responsibilities include:
- The operational plan of the company.
- The annual financial report signed or stamped by the Chairman, executive officers, and accounting supervisor, as well as the second-quarter financial report that requires certification by auditors.
- The formulation or amendment of internal control systems, as well as the assessment of the effectiveness of internal control systems.
- The establishment or amendment of procedures for the acquisition or disposal of assets, engaging in derivative commodity transactions, lending funds to others, endorsing or guaranteeing for others in significant financial transactions.
- Matters involving the self-interest of directors or supervisors.
- Significant transactions involving assets or derivative commodity transactions.
- Significant lending of funds, endorsement, or provision of guarantees.
- The raising, issuance, or private placement of equity-like securities.
- The appointment, dismissal, or remuneration of certifying accountants.
- The appointment or dismissal of financial, accounting, or internal audit executives.
- Donations to related parties or significant donations to non-related parties.
- Other matters required by laws, bylaws to be decided by the shareholders' meeting, or significant matters specified by competent authorities, which should be proposed to or decided by the board.