Corporate Governance

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.

 

New Independent Directors Tenure

BizLink will elect new board members on May 30, 2024, among which the average seniority of independent directors is 2.2 years to maintain the independence of the board of directors.

New Independent Directors Tenure

Audit Committee Membership

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

Corporate Governance and Sustainability 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.

Three meetings have been held in 2023, namely March 30, May 11 and November 10. The reports or proposals include: (1) Implementation progress report of the annual first-stage greenhouse gas inventory and verification schedule plan . (2) Annual internal board of directors and functional committee performance evaluation execution results report. (3) An external professional and independent organization conducts a report on the results and recommendations of the performance evaluation of the board of directors and functional committees. (4) Participate in the CG6013 (2021) corporate governance system evaluation results report. (5) Implementation progress report of the second phase of the annual greenhouse gas inventory and verification schedule. (6) Report on the implementation of sustainable development in 2022. (7) Implementation progress report of the third phase of annual greenhouse gas inventory and verification schedule. (8) Annual implementation report of risk management. (9) Implement the annual implementation report on prohibition of insider trading. (10) Annual implementation report on integrity management operations. (11) Annual implementation report of the intellectual property management plan. (12) In order to implement the sustainable development strategy, BizLink Technology Inc., the US headquarters, represents the group to join the "United Nations Global Compact (UNGC)". The progress of all reports or proposals is regularly reviewed, and the management team is urged to make adjustments when necessary. All the above-mentioned proposals were agreed by the participating members and submitted to the board of directors for report or consideration. The company's board of directors regularly listens to reports from the management team (including ESG reports) every year. The management must propose company strategies to the board of directors. The board of directors must evaluate the likelihood of success of these strategies and review and adjust the principles in advance based on the actual situation or the company's future development plan. Or arrange strategic directions accordingly as soon as possible.

Corporate Governance and  Sustainability Committee Membership