Corporate Governance

Committee

Risk Management Committee

The Risk Management committee is composed of all independent directors and operates in accordance with the Risk Management Committee organization chapter. The Risk Management committee shall meet at least twice a yearly. The consent matters in the meeting shall be submitted to the board of directors for approval by resolution.

The main function of the Risk Management Committee is to supervise the following matters:

Execute the target according to the policy of risk management.
According to the procedures of risk management and the corresponding structure to control the execution efficiency.
Establish appropriate measuring methods for the reference of risk management.
Propose countermeasures for all kinds of risks.

The powers of the Committee are as follows:

Establish appropriate measuring methods for the reference of risk management according to the policy of risk management.
Review and audit the applicability and performance of the policy, procedures, structure of risk management.
Formulate the priority and risk level of risk control.
Review report and status of the risk management, and regularly report the implementation status and improvement suggestions to the board of directors at least once a year.
Other issues of Risk management.

For Implementation Status details, please refer to Risk Management Committee Implementation Status.

The professional qualifications and experience of members.

Convener：Hwang, Jung-Chiou

Professional qualifications

Have more than 5 years of work experience in the area of information, power and finance or otherwise necessary for the business of the Company. Leadership in industry, government and academic collaboration, and enterprise operation, venture capital and other fields of management capabilities.

Education and Previous Work Experience

Ph. D., Computer Science of National Chiao Tung University

Chairman, Taiwan Power Company

Administrative Deputy Minister, Ministry of Economic Affair, R.O.C (MOEA)

Executive Director and Vice-Chairman of the State-run Association of the Ministry of Economic Affairs (MOEA)

Director General, Department of Industrial Technology , MOEA

Main Jobs

Independent director, Century Wind Power Co., Ltd.

Independent director, Waffer Technology Corp.

Independent director, Acbel Polytech Inc.

Chairman, Taiwan Electric Power Association.

Director, SunYunSuan Culture and Education Fundation

Director, Sanlian Science and Technology Education Foundation
Member：Wang, Paul P.

Professional qualifications

Has more than 5 years of work experience in the area of information, commerce, finance or accounting or otherwise necessary for the business of the Company.Specializes in venture capital strategic planning, enterprise operation, joint venture, strategic alliance and other fields of management capabilities.

Education and Previous Work Experience

Ph. D in Physics, Carnegie Melon University

Senior Manager and consultant, IBM USA

Consultant, MIC

Director, Sercomm Corp.

Chairman, Pacific Venture Partners Co. Ltd.

Main Jobs

Director, Sercomm Corp.

Director, Taiwan Cement Corp.

Director, Prosperity Dielectrics Co., Ltd.

Chairman, K.T. Lai Foundation for Development of Science and Technology
Member：Pan, Wenent P.

Professional qualifications

Has more than 5 years of work experience in the area of petrochemical industry, power or engineering or otherwise necessary for the business of the Company. Specializes in energy enterprise operation, joint venture, strategic alliance and other fields of management capabilities.

Education and Previous Work Experience

Master and Ph.D in Department of Chemical Engineering, University of Wyoming

Chairman, CPC

Chairman, Kuo Kuang Power Co. Ltd.

Chairman, Gintech Corp.

Main Jobs

Chairman, CTCI Foundation

Independent director, China Petrochemical Development Corp.

Director, CTCI Corp.

Independent director, U-Ming Marine Transport Corp.

Chairman, Taiwan Institute of Chemical Engineers(TwIChE)