Organization
|
Functional Committees |
|
The Auditing Committee |
MA-Tek established its first auditing committee during the shareholders conference on June 18, 2020. According to the laws and regulations of the Republic of China, the auditing committee should be comprised entirely of independent directors. Therefore, our three independent directors, Mr. Qingxiang Xu, Mr. Nengxian Cai and Mr. Juine-Kai Tsang, serve as members of the first auditing committee. The term of office is from June 18, 2020 to June 17, 2023, corresponding with the end of term for the seventh board of directors.
The goal of the auditing committee is to support the board of directors in supervising the company’s implementation of relevant accounting and auditing matters. They help ensure the quality and integrity of our financial reporting process and management. Its main purpose is to supervise the following：
- The appropriate expression of the company’s financial statements
- The selection of responsible, independent certified public accountants
- Effective implementation of the company’s internal management
- The company’s compliance with relevant laws and regulations
- Management and control of the company’s existing and potential risks
|
Compensations Committee |
MA-Tek established the Salary and Compensations Committee on October 21, 2011. After the election of the board of directors in 2020, three compensations committee members were reappointed. The term of office begins upon approval by the board of directors and is effective until June 17, 2023, corresponding with the end of term for the seventh board of directors. The three independent directors, Mr. Qingxing Xu, Mr. Nengxian Cai and Mr. Juine-Kai Tsang, serve as committee members.
The purpose of this committee is to evaluate the remuneration policies and systems of the company’s directors and managers from a professional and objective perspective in order to make recommendations to assist the board with their decision-making.
|
Corporate Organization |
 |