Functional Committee

Functional committees play a vital role in corporate management. Every committee contributes their knowledge and strengths in the board decisions which leads to effective management. An-Shin possesses a complete monitoring and managing system, the Audit Committee was established on 6 June 2020 which replaced the Management Committee. The Audit Committee consists of 3 independent directors and one of them will be elected as the convener and the chairman of meeting. Among the members of the audit committee, we have independent directors with professional background and provide professional and objective opinions to the board, assisting the board in making better decisions. The relevant risk types, risk management and responsible units are as follows:

ESG Responsible Unit Risk Type Risk Management 2018 2019 2020
Meeting
Frequency		 Attendance
Rate		 Meeting
Frequency		 Attendance
Rate		 Meeting
Frequency		 Attendance
Rate
Governance/Economic
Store Development Committee
  • Store operational risk
  • Store development/ withdrawal risk
  • Formulate regulations for stores development/with drawal and review the related issues before approving.
 11 96 10 87 11 95
Audit Committee
  • Operational and Management Risk (Operation Performance and System Improvement)
  • Assist in business operation, management and audit.
5
 94 6 94 4 100
Finance Committee
  • Investment risks on financial instruments, real estate etc. 
  • Financial instruments risk and capital risk.
  • Assist the company in the application of funds and evaluate the investment efficiency.
3
 100 2 100 2 100
Smart Technology Committee
  • Potential dangers of rapid technological advancement
  • Assist the company to cope with the changes in technology development.
3
 91 4 92 2 100
Social
Remuneration Committee
  • Wages and Benefits Policy 
  • Assist the BOD to review and evaluate the salary scheme and welfare policies.
3
 100 5 100 4 100
Human Resources Development Committee
  • Lack of labor
  • Cope with future operation growth by including automations and machine equipment, systematic training and career planning.
3
 89 3 100 2 82
Environmental
CSR Committee
  • Sustainability(Sustainability development management performance and improvement)
  • Assist the company to review the risks and opportunities in sustainable development, and formulate the corresponding policies and measures.
3
 94 3 94 3 100
Purchase Committee
▪ Climate change, market fluctuations (efficient and high-quality purchasing of materials with low costs)
  • Pre-evaluate suppliers and material price quotations.
6
 94 6 100 7 100
 

Remuneration Committee

The Remuneration Committee was established in August 2011 to ensure a complete and standardized salary system for the BOD and managers. The total number of members should be at least 3 members including 1 independent director. Director Lai, She-Jen was elected as the convener and the chairman of meeting. The Remuneration Committee formulates and reviews the policies, standard and structures of remuneration of BOD and managers periodically. The committee holds at least 2 meetings per year according to the organizational rules. In 2020, 5 meetings were held by the committee with an average attendance rate of 100%, and 11 proposals were discussed.