Overview

Walsin Lihwa Co., Ltd. (hereafter referred to as Walsin Lihwa) is committed to maintaining its high standard of business ethics, effective accountability, and sound corporate governance in every aspect of business. Such an honest and responsible attitude toward business meets the long-term interest of both Walsin Lihwa and its shareholders, while material information is always timely disclosed to investors and shareholders to maintain high transparency.

Walsin Lihwa believes sound corporate governance is the cornerstone of effective business development to provide high quality products and services while optimizing shareholders’ return on investment. Therefore, a board meeting on June 12, 2019 passed a resolution to establish a Corporate Governance Director position pursuant to Article 23 of the Operation Directions for Compliance with the Establishment of Board of Directors by TWSE Listed Companies and the Board’s Exercise of Powers, i.e., the director shall have been in a managerial position for at least three years in a securities, financial, or futures related institution or a public company handling legal affairs, compliance, internal audit, financial affairs, stock affairs, or corporate governance affairs.

The incumbent Corporate Governance Director of Walsin Lihwa is Vice President Hueiping Lo for her legal qualification for the position. i.e., more than three years of financial director experience at a public company.

The Corporate Governance Director is responsible for board meeting and shareholders meeting arrangements, preparation of board meeting and shareholders meeting minutes, assistance in ongoing education and training for directors of the board, provision of information required for performance of duties by directors of the board, assistance in directors of the board’s compliance with law as well as other matters as prescribed in the Articles of Incorporation of Walsin Lihwa and/or contracts to help strengthen board performance and corporate governance effectiveness.

2021 Corporate Governance Implementation Status

  1. Board meeting and relevant committee meeting arrangements to facilitate meeting proceedings and strengthen recusal for conflicts of interest
  2. Provision of information required for performance of duties by directors of the board within the statutory time period to remind them of relevant laws and regulations to be complied with to perform their duties when the board makes a resolution and afterward, and follow through of the progress of how directors’ opinions or suggestions are processed after a meeting
  3. Amendments to important company bylaws including the Articles of Incorporation, Board of Directors Meeting Regulations, Corporate Governance Best Practice Principles, Standard Operating Procedures for Processing Request Made by Directors of the Board, Regulations Governing Board Performance Evaluation, Procedures for Ethical Management and Guidelines for Conduct, and enactment of the Organization Rules of the Nomination Committee in accordance with company business scopes and the latest laws and regulations relevant to corporate governance
  4. Arrangement of education and training for directors of the board based on company business characteristics, and provision on a regular basis of information on relevant external education and training opportunities to help enable diversified learning mechanisms
  5. Provision of information required for performance of duties by directors of the board to help streamline their communication with individual business heads, and assistance in independent directors’ communication with the Chief Audit Executive and CPAs to help independent directors effectively perform their duties
  6. Arrangement of evaluation of board performance and individual function committees’ performance
  7. External evaluation of board performance evaluation in 2021

Status of corporate governance implementation and board members’ education in 2021
Status of corporate governance implementation and board members’ education in 2020
Status of corporate governance implementation and board members’ education in 2019