Corporate Governance

Overview

BizLink aims to focus on our core businesses, maintain a steady financial structure, and to instill strong corporate governance. BizLink is dedicated to maximizing information transparency, ensuring a high level of corporate sustainability, and respecting and protecting stakeholders’ rights. The BizLink Board delegates various responsibilities and authorities to three Board Committees: Audit Committee, Compensation Committee, and Corporate Governance and Sustainability Committee. Each Committee has its own written Board-approved charter, and each Committee’s chairperson regularly reports to the Board of their Committee plans and activities to fulfill their individual supervisory duties and to achieve a more comprehensive level of governance for the Company as a whole. BizLink is ranked as one of the top companies in Corporate Governance by the Taiwan Stock Exchange in their annual evaluation for many years in a row now.

Awards Records
Sustainalytics 2020 Evaluation–Rated as the Low Risk Company
FTSE Russell 2020 Evaluation–Rated as the Low Risk Company
Taiwan Stock Exchange 2021 Taiwan Indices–Corporate Governance 100
2020 Corporate GovernanceTop 6% - 20%
Taiwan Corporate Sustainability Awards 2020 Silver Awards
Newsweek 2021 America’s Most Responsible Companies #149
AsiaMoney 2019 - 2021 Asia’s Outstanding Companies–Taiwan Automobiles & Components Sector

Organization


Position and Responsibility

Organization Position Responsibility
Board of Directors Chairman Stipulated policy directives and objective guidelines for the Company’s operations and assigned managers to execute business operations.
The Company Group GM Implemented the resolution of the “board of directors” and company’s general administration.
Sales  Vice President As a critical part of the sales and marketing operation, responsible for bridging the psychological gap between products and customers and establishing ground to shorten the physical gap between them.
Business Unit BU Heads Responsible for product engineering, procurement, and production so as to meet the Company’s annual production plan and objectives.
R&D R&D Head The R&D center is responsible for product development; the Engineering center is responsible for product testing, verification, maintenance, and quality control.
Investor Relations Vice President Issuing and responding to the Company’s information to the external parties and handling relationships with domestic and international investors for better communication. Collecting information regarding market and industry changes to assist management strategy and decision making. 
Finance & Accounting CFO Formulating and executing budget plan and financial management according to the Company’s strategies. Making precise accounting journals and providing both internal and external parties, in a timely fashion, financial and operating information. Supplying concrete evidence to assist in business strategies and financial planning. Safeguarding capital and controlling operation costs to enhance capital efficiency and bring about operation goals. 
CEO Office (Administration Department) Function Heads Functions including information, management of human resources, selection of suppliers, and quotations.
Corporate Sourcing Vice President Integrating supplier resources to build an optimal supply chain that ensures superior delivery, costs and quality of production materials for better competitiveness based on the Company’s business plan and organization structure. 
 

Management

Roger, Hwa-tse Liang

Chairman

Roger Liang currently serves as BizLink’s Chairman. Mr. Liang cofounded BizLink in 1996, where he served as CEO. Mr. Liang was voted as Chairman during BizLink’s IPO in 2011. Mr. Liang served as Greatlink USA’s CEO prior to cofounding BizLink, and has also been an R&D engineer at Cadence and at United Microelectronics Corporation (UMC).

Mr. Liang has a Master’s degree in Electrical Engineering from Pennsylvania State University in the USA, and a Bachelor’s degree in Electronic Engineering from National Chiao Tung University in Taiwan.
 

Felix, Chien-hua Teng

Chief Executive Officer

Felix Teng currently serves as BizLink’s CEO, Director, and Spokesperson. Mr. Teng was also a cofounder of the company, where he served as the General Manager of its wiring and connector subsidiaries, among other responsibilities. Mr. Teng was appointed to his current position of CEO in 2009 in preparation for BizLink’s IPO.

Mr. Teng has an MBA degree from San Francisco State University in the USA, and a Bachelor’s degree in Control Engineering from National Chiao Tung University in Taiwan.

Annie, Inru Kuo

Managing Director

Annie Kuo currently oversees BizLink’s strategic planning and direction, and serves on the Board of Directors as well as the General Manager of select subsidiaries.

Ms. Kuo has a Master’s degree in Actuarial Science from Georgia State University in the USA, and a Bachelor's degree in Physics from National Kaohsiung Normal University in Taiwan.

Yvonne, Yu-fang Wang

Chief Financial Officer

Yvonne Wang currently serves as BizLink's CFO. Ms. Wang joined BizLink in 1998, and has served in various positions, including the Finance Department Vice President and the Corporate Executive Vice President in North America. Ms. Wang served as Greatlink USA's Accounting Manager prior to joining BizLink. Ms. Wang has extensive experience in accounting and finance.

Ms. Wang has a Master's degree in Accountancy from California State University - Sacramento (CSUS) in the USA, and a Bachelor's degree in Public Finance and Taxation from National Chung Hsing University in Taiwan.

Joe, Chia-cheng Lin

Vice President

Joe Lin currently serves as the Audit Department Vice President, and has led it since 2009. Mr. Lin joined BizLink in 2004 as the Accounting Department Manager before becoming the Finance Department General Manager. Mr. Lin participated in the financing activities for BizLink’s IPO. Mr. Lin worked in auditing within various industries, including as the Finance Manager at Necvox and as the Finance Accountant at Lianhwa Foods Corporation, prior to joining BizLink.

Mr. Lin has a Bachelor’s degree in Business Management from National Chung Hsing University in Taiwan. Mr. Lin earned his Internal Auditor Certification in 1999.

Younger, Yan-chao Wang

Group Sr. Vice President and President of North American Operations

Younger Wang joined BizLink in 1999. He leads the Industrial, Vehicle, and Medical Business Unit, and has served in a number of key senior positions, including the Engineering Department Manager in North America, the Operations Department Director in Shenzhen, and the Corporate Sourcing Department Vice President.

Mr. Wang has a Master's and Bachelor's degree in Mechanical Engineering from California State University - Sacramento (CSUS) in the USA.

 

 

Board of Directors

The Company’s Board consists of 7 Directors, all of whom come from a diverse set of backgrounds and are seasoned, reputable professionals in their respective industries. The Board consists of a chairman, 4 general Directors, and 3 Independent Directors. The 3 Independent Directors comply with the “Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies.” Our Board aims to create and maintain a robust and well-rounded governance system to supervise and to guide the Company’s management to reinforce their effectiveness. The Board is also in charge of the environmental, social, and economic aspects of the Company and aims to maximize stakeholders’ rights.

Board of Directors Membership

Title Name Gender Education/Experience Services concurrently with other companies
Chairman Roger,
Hwa-tse Liang
Male MSEE, Penn State U.,
NCTU Electronics Engineering
CEO, Greatlink USA    
Director of BIZLINK TECHNOLOGY INC. 
Director of OPTIWORKS, INC.
Director ofビズリンク株式会社
Director of BIZLINK TECHNOLOGY (IRELAND) LTD.
Director of BIZLINK TECHNOLOGY (S.E.A.) SDN. BHD. 
Director of BIZLINK TECH, INC.  
Director of ACCELL CORPORATION  
Director of BIZCONN TECHNOLOGY INC.  
Director of BIZWIDE LIMITED
Legal Person/Executive Director of OPTIWORKS(SHANGHAI) CO., LTD.
Legal Person/ Executive Director of OPTIWORKS (KUNSHAN) CO., LTD.
Director of BIZLINK (KUNSHAN) CO., LTD.
Director of ASIA WICK LTD.
Director Annie,
Inru Kuo    
Female MS Actuarial Georgia State
Department of Physics National Kaohsiung Normal University
VP, Greatlink USA    
Director of BIZLINK TECHNOLOGY INC. 
Director of OPTIWORKS, INC. 
Director ofビズリンク株式会社
Director of BIZLINK (BVI) CORP.
Chairman BIZLINK INT’L CORP. 
Director of ZELLWOOD INTERNATIONAL CORPORATION
Director of BIZLINK TECHNOLOGY (IRELAND) LTD.  
BIZLINK TECH, INC.
Director of ADEL ENTERPRISES CORPORATION
Director of ACCELL CORPORATION
Director of BIZCONN TECHNOLOGY INC. 
Supervisor OPTIWORKS(SHANGHAI) CO., LTD. 
Supervisor OPTIWORKS(KUNSHAN) CO., LTD.  
Executive Director HUA ZHAN ELECTRONICS (SHENZHEN) CO., LTD. 
Director BIZCONN INTERNATIONAL CORPORATION
Legal Person/Executive Director of BIZLINK INT’L ELECTRONICS (SHENZHEN)CO., LTD. 
Legal Person/Executive Director of BIZLINK (KUNSHAN) CO., LTD. 
Legal Person/Executive Director of BIZLINK ELECTRONICS (XIAMEN) CO., LTD. 
Legal Person/General Manager/Executive Director of XIANG YAO ELECTRONICS (SHENZHEN) CO., LTD. 
Legal Person/Executive Director of BIZCONN INT’L CORP. 
Executive Director of TONGYING ELECTRONICS (SHENZHEN) LTD. 
Director Felix,
Chien-hua Teng
Male MBA, San Francisco State U., Institute of Electrical and Control Engineering of NCTU
Engineering Manager, Greatlink USA
Director ofビズリンク株式会社
Director of BIZLINK INT’L CORP.
Director of BIZCONN TECHNOLOGY INC. 
General Manager of BIZLINK (KUNSHAN) CO., LTD.  
Legal Person/General Manager of HUA ZHAN ELECTRONICS (SHENZHEN) CO., LTD.
Supervisor of BIZLINK ELECTRONICS (XIAMEN) CO., LTD.
Director of ASIA WICK LTD.
Supervisor of BIZCONN INT’L (SHENZHEN) CORP.
Director of JO YEH COMPANY LIMITED  
Director of NANHAI JO YEH ELECTRONIC CO., LTD. 
Director Younger, Yan-chao Wang Male Master and bachelor's degree in Mechanical Engineering from California State University - Sacramento
Engineering Department Manager of BIZLINK TECHNOLOGY INC. in North America
Operations Department Director of BIZLINK TECHNOLOGY INC. in Shenzhen
Corporate Sourcing Department Vice President of BIZLINK TECHNOLOGY INC.
Group Sr. Vice President and President of North American Operations
Independent Director Jr-Wen Huang     Male Institute of MS-Finance, Saint Louis University(USA)
Investment Dept. Supervisor in Waterland Venture Capital Co., Ltd.
Investment & Research Dept. in China Development Industrial Bank
Sparkle Power Inc.San Jose/Los Angles, USA
Research Manager of Waterland Venture Capital Co., Ltd.  
Director of FSP TECHNOLOGY INC. 
Supervisor of Genepharm Biotech Corp.
Supervisor of TTBio CORPORATION INC.
Independent Director Chin-Teh Hsu(Note) Male Law Division of the Law Department of National Taiwan University
Prosecutor of New Taipei District Prosecutors Office
Attorney-in-Charge of De-Lun Attorneys-at-Law
Supervisor of Chia Chang Co., Ltd.
Director of APCB INC.
Supervisor of FootPrintKu Inc.
Independent Director Chia -Jiun Cherng Male MBA of National Chengchi University College of Commerce
General Manager of Shihlien Fine Chemical Co., Ltd.
General Manager of Digital United Inc.
Senior Manager of Institute for Information Industry
Independent Director of FSP TECHNOLOGY INC.
Independent Director of Azion Co.,Ltd.

Note: Our Independent Director, Mr. Chin-Teh Hsu, passed away on August 2021. There are currently 6 Directors remaining.
 

Director Candidates Nomination Mechanism

According to Articles of Incorporation Article 27.3, the Directors may adopt a candidate nomination mechanism which is in compliance with Applicable Public Company Rules. The rules and procedures for such candidate nomination shall be in accordance with policies proposed by the Directors and approved by an Ordinary Resolution from time to time, which policies shall be in accordance with the Statute, the Memorandum, the Articles and the Applicable Public Company Rules.
 

Major Resolutions of Board Meetings

Time Major Subject
2021.12.24 (1)Approved application and signing of syndication loan agreement.
(2)Approved the cash injection from the subsidiary, Speedy Industrial Supplies Pte Ltd, to the subsidiary, EA Cable Assemblies GmbH.
(3)Approved the addition of bank facilities and application of online banking.
(4)Approved the subsidiary's, BizLink Technology (Xiamen) Ltd., acquisition of real property
2021.11.15 (1) Approved Year 2021Q3 Consolidated Financial Statements.
(2)Approved 2022 Business Plan and Financial Budget.
(3)Approved the 2022 Distribution Proposal of ”Virtual Stock Plan for Managers”.
(4)Approved Amendment of ”Virtual Stock Plan For Selected Employees”.
(5)Approved 2022 Audit Plan.
(6)Approved Amendment of ”Governance and Sustainable Development Committee Organizational Procedures”
(7)Approved the Plant Leasing Contract of the Subsidiaries, XIANG YAO ELECTRONICS (SHENZHEN) CO., LTD., BIZCONN INTERNATIONAL CORPORATION, HUA ZHAN ELECTRONICS (SHENZHEN) CO., LTD.
(8)Approved Offering of GDRs Through the Issuance of New Common Shares by Capital Increase and the Fourth Issuance of Unsecured Overseas Convertible Bonds
(9)Approved 10% of the New Common Shares for offering of GDRs to Be Offered to Employees of The Company and Its Subsidiaries, and the ”Employee Stock Purchase Regulation”.
(10)Approved The Cash Injection from The Company to The Subsidiary, Speedy Industrial Supplies Pte Ltd.
(11)Approved The Cash Injection from The Subsidiary, Speedy Industrial Supplies Pte Ltd, to The Subsidiary, EA Cable Assemblies GmbH.
(12)Approved The New Additions and Change of Loan Terms between The Company and 100%-Owned Subsidiaries.
(13)Approved The Renewal and Provision of Guarantee for Bank Facility for The Compnay and Subsidiaries.
(14)Approved subsidiary's ”Procedure for Lending Funds to Other Parties.”
(15)Approved subsidiary's ”Procedure for Endorsement and Guarantee.”
2021.10.01 (1)Approved acquisition of Leoni’s Industrial Solutions Business Group.
(2)Approved application of syndication loan.
(3)Approved BizLink Holding Inc.'s transfer of all of the shares of EA Cable Assemblies GmbH to Speedy Industrial Supplies Pte. Ltd.
(4)Approved the adjustment of the effective term date of the remuneration committee member, Chien-Cheng Lin.
2021.08.31 (1)Approved Year 2021Q2 Consolidated Financial Statements.
(2)Approved the appointment of members of the Remuneration Committee.
(3)Approved the appointment of members of the Corporate Governance and Sustainable Development Committee.
(4)Approved Loans between Subsidiaries Wholly Owned by The Company.
(5)Approved the Renewal and Provision of Guarantee for Bank Facility to The Compnay and Subsidiaries.
(6)Approved the Guarantee between Subsidiaries.
(7)Approved subsidiary's ”Procedure for Lending Funds to Other Parties.”
(8)Approved subsidiary's ”Procedure for Endorsement and Guarantee.”
2021.07.05 (1) Approved election of the Company Chairperson.
2021.06.16 (1)Approved the Change of the Location of the 2021 Annual General Shareholders' Meeting.
2021.06.03 (1)Approved the Change of Date and the Authorization to the Chairman to change the Location of the 2021 Annual General Shareholders' Meeting.
2021.05.14 (1)Approved Year 2021Q1 Consolidated Financial Statements.
2021.05.04 (1)Approved The Issuance of New Common Shares for Cash and/or Issue New Common Shares for Cash to Sponsor the GDRs Offering within 20 Million Shares.
(2)Approved The Cash Injection from The Company to The Subsidiary, BizLink Tech. Inc.
(3)Approved Proposal to Convene Year 2021 Annual General Shareholders' Meeting. (New Discussion Agenda)
(4)Approved The New Additions and Extension of Loan Terms between The Company and 100%-Owned Subsidiaries.
(5)Approved Loans between Subsidiaries Wholly Owned by The Company.
(6)Approved the Change in Guarantee between Subsidiaries Wholly Owned by The Company.
(7)Approved The Renewal and Provision of Guarantee for Bank Facility for The Compnay and Subsidiaries.
2021.03.24 (1)Approved Year 2020 Consolidated Financial Statements and Business Report.
(2)Approved Year 2020 Remuneration Proposal for Directors.
(3)Approved Year 2020 Incentive Pay Proposal for Employees.
(4)Approved Employee Stock Ownership Trust.
(5)Approved addition of ”Rule of Remuneration to Directors of Board and Functional Committees Management”
(6)Approved Year 2020 Proposal for Distribution of Profits.
(7)Approved Year 2020 Statement on Internal Control.
(8)Approved proposal for Election of Board Directors.
(9)Approved the Nomination of the candidates for Board Directors.
(10)Approved the proposal of ”Release the Prohibition on Directors and their representatives from Participation in Competitive Business”.
(11)Approved amandment of ”Rule of Risk Management Policy and Procedure Management”
(12)Approved amandment of ”Rule of Management procedures for preparation of financial statements”.
(13)Approved amandment of group version of ”Rules of Procedure for Shareholders Meetings”
(14)Approved Proposal to Convene Year 2021 Annual General Shareholders' Meeting.
(15)Approved Validation and Appointment of the Effectiveness and Independence of auditing Certified Public Accountants.
(16)Approved on extension of loan terms between the Company vs 100% owned subsidiaries and between 100% Subsidiaries wholly owned by the Company.
(17)Approved Loans between Subsidiaries wholly owned by the Company.
(18)Approved the change in Guarantee limits for subsidiaries.

Committees

 

Audit Committee

The Audit Committee assists the Board in fulfilling its oversight of the quality and integrity of the accounting, auditing, reporting, and financial control practices of the Company. The Audit Committee is responsible to review the Company’s: financial reports; auditing and accounting policies and procedures; internal control systems; material asset or derivatives transactions; material lending funds, endorsements or guarantees; offering or issuance of any equity-type securities; legal compliance; related-party transactions and potential conflicts of interests involving executive officers and directors; Ombudsman reports; fraud investigation reports; corporate risk management; hiring or dismissal of an attesting CPA, or the compensation given thereto; and appointment or discharge of financial, accounting, or internal auditing officers.

Under R.O.C. law, the membership of the Audit Committee shall consist of all independent Directors. BizLink’s Audit Committee satisfies this statutory requirement. The Audit Committee annually conducts self-evaluation to assess the Committee’s performance and identify areas for further attention. BizLink’s Audit Committee is empowered by its Charter to conduct any study or investigation it deems appropriate to fulfill its responsibilities. It has direct access to BizLink’s internal auditors, the Company’s independent auditors, and all employees of the Company. The Committee is authorized to retain and oversee special legal, accounting, or other consultants as it deems appropriate to fulfill its mandate. Please consult BizLink’s Annual Report for the relevant year for the number of meetings convened and each member’s attendance rate.

Audit Committee Membership

Name Membership 

Jr-Wen Huang

Independent Director
Chair/Lead

Chin-Teh Hsu

Independent Director
Member(Note)

Chia-Jiun Cherng

Independent Director
Member

Note: The independent director Mr. Chin-Teh Hsu, passed away in August 2021.

Remuneration Committee

The Company’s Board resolved to form the Remuneration Committee in 2011 as the Company’s compensation system for Directors and managers is an integral part of corporate governance and risk management. The “Compensation Committee Charter” marked a major step towards realizing the Company’s ideal incorporate governance. The Company was selected as a constituent stock of the TWSE “Corporate Governance 100 Index” in 2016. 

Remuneration Committee Membership

Name Membership

Jr-Wen Huang

Independent Director
Chair/Lead
 

Chia-Jiun Cherng

Independent Director
Member

Chien-Cheng Lin

 
Member
 

Corporate Governance and Sustainable Development Committee

The Board Meeting on August 8, 2018 was chaired by Mr. Chien-Hua Teng and was attended by two Independent Directors. They resolved to establish a “Corporate Governance and Sustainability Committee” This Committee is sub-divided into four task force teams, and covers corporate governance, economics, society, and the environment. They aim to establish and promote a strong set of corporate responsibility and sustainability practices to achieve better corporate governance, environmental protection, and fulfill the Company’s social responsibility. The Company conducted risk assessments of material issues in accordance with the principle of materiality of corporate social responsibility, and formulated the "Risk Management Policies and Procedures" in 2020 based on these assessments. The Committee will hold regular discussions, and make no less than one report to the Board every year. 

Corporate Governance and Sustainable Development Committee Membership

Name Membership

Chien-Hua Teng

Director
Chair/Lead
 

Jr-Wen Huang

Independent Director
Member

Chia-Jiun Cherng

Independent Director
Member
 


The Communication Between the Independent Directors and Internal Audit Supervisors

Regular discussions on the audit report are conducted by the Company’s internal auditor and audit committee, and the internal audit report is made at the meeting of audit committee on a quarterly basis. The independent auditors are also required to immediately communicate to the Audit Committee any material matters that they have discovered. During 2021, the Company’s independent auditors did not report any irregularities. 

Date Communication Item
2021/3/24 1. 2020 Q4 Internal audit implementation and reporting
2. 2020 Internal audit assessment and“Internal Control Statement”
2021/5/04 2021 Q1 Internal audit implementation and reporting
2021/08/31 2021 Q2 Internal audit implementation and reporting
2021/10/01 2021July. Internal audit implementation and reporting
2021/11/15 1. 2021 Aug.-Sep. Internal audit implementation and reporting
2. Propose 2022 Audit Planning

The communication channels between the Audit Committee and the Internal Audit manager functioned well. The Company’s independent auditors have presented the findings of their review or audits when required on the Company’s financial results and other matters required by laws and regulations to Audit Committee. 

Date Communication Item
2021/3/24 2020 Audit result reporting
2021/5/04 2021 Q1 Audit result reporting
2021/8/31 2021 Q2 Audit result reporting
2021/11/15 2021 Q3 Audit result reporting

Internal Control

Internal Audit

BizLink's Internal Audit function is an independent unit that reports directly to the Board of Directors.

The charter of Internal Audit is to review the internal controls in the company's processes and to report on those controls with respect to the adequacy, effectiveness, and efficiency of their design as well as their actual functioning on a day-to-day basis. All parts of the company and its subsidiaries are open for review by Internal Audit.

Internal Audit works according to an annual plan, which needs to be approved by the Board of Directors. In addition, special audits or reviews are conducted as needed. The combination of the regular audits and the special projects provide management with feedback on the functioning of the internal control system; it gives management an additional channel to learn about existing or possible future weaknesses in the system and addresses them in a timely manner.

The company supplements the review activities by Internal Audit with documented self-assessments by the departments and operational units. Internal Audit sees to it that these activities do take place, and reviews the submissions to ensure the quality of the process; it consolidates the results of the self-assessments for the CEO and the Board of Directors.

There are three full-time employees dedicated to Internal Audit, including one VP and two staffs.

Major Internal Policies

 Corporate Governance Information

Corporate Governance Officer

The Board Meeting on January 1, 2020 resolved to appoint the Vice President of Strategic Investment, whom already had 3 prior years of related corporate governance experience, as the Company’s dedicated corporate governance officer. The Company’s corporate governance officer and his team are responsible for corporate governance and related matters, including the handling of matters relating to the Board, Audit Committee, Compensation Committee and Shareholders' meetings in accordance with relevant laws; assistance in onboarding and continuing the education of Directors; provision of information required for the performance of duties by Directors; and assistance in Directors' compliance with relevant laws, etc. In 2020, the cumulative number of training hours attended by the corporate governance officer on related topics was 18 hours. In 2021, it is estimated to be 12 hours. 

Continuing Education Training of Corporate Governance Officer in 2021
Date Host Training/Speech Title Duration Total
2021/04/14 Independent Director Association Taiwan Acquisition Strategy and Business Transformation Methods 3.0 12.0
2021/09/22 Securities & Futures Institute Sharing of Corporate M&A Practices: Hostile Takeovers 3.0
2021/10/12 Securities & Futures Institute Risks and Opportunities from Climate Change and Emerging Energy Policy Changes on Business Operations 3.0
2021/10/27 Securities & Futures Institute Discussion on Human Resources and Merger Integration Issues During The Corporate M&A Process 3.0

Contact

If you have further comments about our Investor Relations, please contact us through:

 
Tom Huang
Investor Relations
+886 2 8226 1000 Ext. 2662
ir@bizlinktech.com
Mike Wang
Investor Relations
+886 2 8226 1000 Ext. 2663
ir@bizlinktech.com
Paul Chou
Deputy Spokesperson 
ir@bizlinktech.com
 
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