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Corporate Governance

Audit Committee

ABC-AETC assembled its Audit Committee in accordance with the Securities and Exchange Act during the 2020 Annual General Shareholders' Meeting, at which time the Company's supervisors were relieved from duty. The Audit Committee is composed of three independent directors. 
The company established an audit committee at the regular shareholders' meeting in 109 of the Republic of China in accordance with the provisions of the Securities and Exchange Act. The committee shall be composed of all independent directors, and its number shall not be less than three.

The operation of the committee is conducted in accordance with the organizational rules of the audit committee, and its responsibilities are to review the following matters:
  • Establish or amend the internal control system in accordance with Article 14-1 of the Securities and Exchange Act.
  • Assessment of the effectiveness of internal control systems.
  • In accordance with Article 36-1 of the Securities and Exchange Act, stipulate or amend the procedures for handling major financial business activities such as acquiring or disposing of assets, engaging in derivatives transactions, lending funds to others, endorsing or providing guarantees for others.
  • Consideration of matters involving directors’ own interests.
  • Review significant assets and derivatives transactions.
  • Consideration of significant capital loans, endorsements or guarantees.
  • Consideration of the raising, issuance or private placement of securities of an equity nature.
  • Assess the appointment, dismissal or remuneration of certification accountants.
  • Appointment and removal of finance, accounting or internal audit managers.
  • Review the annual financial report and quarterly financial reports.
  • Review donations to related parties or major donations to non-related parties.
  • Consideration of other major matters that should be resolved by shareholders' meetings or stipulated by the competent authority in accordance with laws or articles of association.

The Company's Audit Committee convenes on average once a quarter and operates in accordance with laws and regulations.
The contents of the discussion include reviewing financial reports, evaluating the effectiveness of the internal control system, and the implementation of internal audit business.
The term of the second audit committee list is: 112/06/09-115/06/08
Job TitleNameMain academic qualificationsMain Experience
ConvenerYung-Cheng WangDepartment of Business AdministrationProfessor at National Chung Hsing University and Director of Law and Business School
Professor of Business Administration, National Taipei University
Member of ABC-AETC Audit Committee and Remuneration Committee
MemberYue-Shan ChangInstitute of Computer Science and EngineeringDean of College of Electrical Engineering and Computer Science, National Taivan Unuversity
Distinguished Professor of Departnent of Computer Science and Information Engineering,  National Taipei University

111 Annual Audit Committee Implementation Status

Audit CommitteeActual attendanceNumber of delegated attendancesActual attendance rate
Lan-Fen Wang50100%
Yung-Cheng Wang50
Sen-Tian Wu50

The Company assessed the independence and suitability of CPAs with reference to the AQIs

The Audit Committee assesses the independence and suitability of its assigned CPAs on a yearly basis. In addition to requiring the CPAs to provide the "Declaration of Independence" and the "Audit Qualification Indicators (AQIs)" assessment, the assessment is also conducted in accordance with the criteria of Note 1 and 13 AQI indicators. It has been confirmed that the CPAs had no financial interests or business relationship with the Company, and that the CPAs' family members did not violate the independence requirements. By referring to the AQI index information, we confirm that the accountants as well as the firm have better audit experience and number of training hours is higher than the industry average. The assessment results for the most recent year were passed by the Audit Committee after discussion on March 9, 2023 and passed by the Board of Directors on March 9, 2023.