Corporate Governance
Board of Directors
Board Structure and Responsibilities
Directors are chosen from persons with extensive industrial background. Currently, the board consists of 7 directors.
ECV’s Board of Directors is the supreme body of corporate governance and the center for major corporate decision-making.
The function of the Board includes the appointment and monitoring of management, business performance, ethical corporate management, and compliance with applicable laws, the Articles of Incorporation, or the resolutions of the General Meeting of Shareholders.
ECV’s board strives to maintain a good communication channel and positive interaction with the management team, provide a guideline for the company’s operations and make resolutions on material strategies to ensure the company’s development and shareholders’ interests.
Members of the Board of Directors
| Name | Positions | Professional Qualifications |
| Lin, Chi-Hsiung | Chairman | • Assistant Vice President of finance department ,Pou Chen Corporation • Specialist, Taipei Exchange |
| Tsai, Chia-hung | Director | • Vice President of finance department ,Elitegroup Computer Systems Co.,Ltd. • Senior manager, Pou Chen Corporation |
| Lin, I | Director | • Manager of planning office, Elitegroup Computer Systems Co.,Ltd. • Manager of production management department, WiseChip Semiconductor Inc. • Analyst of research & development department, Sinphar Group |
| Yen, Chih-Tsung | Director | • Director ,DA CHUAN Co.,Ltd. • The Chinese University of Hong Kong APEMBA • National Sun Yat-sen University APEMBA |
| Huang, Yi-Tsung | Independent Director | • Vice President of the accounting department, Power Quotient International Co., Ltd. • Senior Specialist, Taiwan Stock Exchange Corporation |
| Wu, Bo-His | Independent Director | • Special Assistant, HE YANG Co.,Ltd. • Assistant Manager of Capital market department, Taichung Commercial Bank Securities Co.ltd. • Spokesman/ Chief Financial Officer, China Crystal New Material HoldingsCo.,Ltd.(Cayman) • Manager of Corporate finance department, CAPITAL SECURITIES CORP. • Manager of accounting department, Elitegroup Computer Systems Co.,Ltd. • Manager of Audit department, Deloitte Touche Tohmatsu Limited |
| Chen, Chao-Long | Independent Director | • Consultant, Lee and Li, Attorneys-at-Law • Lawyer, R.O.C. • Lawyer, the state of New York, U.S.A. |
Committee
In order to strengthen the corporate governance, the board of directors decided to establish compensation committee in 2018, and appointed three members of compensation committee. The board delegates the compensation committee the responsibilities in relation to review and revaluation of compensation structure and benefit program applied to chairman and company executives.
| Compensation Committee | ||
|---|---|---|
| Name | Positions | Professional & Qualifications |
| Huang, Yi-Tsung | Convener |
|
| Wu,Bo-His | Committee |
|
| Chen, Chao-Long | Committee |
|
| Audit Committee | ||
|---|---|---|
| Name | Positions | Professional & Qualifications |
| Huang, Yi-Tsung | Convener |
|
| Wu,Bo-His | Committee |
|
| Chen, Chao-Long | Committee |
|
Internal Audit
Internal Audit: Purpose
The purpose of internal audits is to inspect and review defects in the internal control systems, measure operational effectiveness and efficiency, and to make timely recommendations for improvements to ensure the sustained operating effectiveness of the systems and to provide a basis for review and correction.
Internal Audit: Operation
The internal audits shall implement the annual audit plan, passed by the board of directors. After implementing each audit plan, the written audit reports and follow-up reports shall be presented and submitted for review by supervisors before the prescribed statutory limitation period. If internal auditors discovering any material violation or any likelihood of material damage to the company shall promptly prepare and present a report and notify the supervisors. The internal audits shall attend and deliver a report on the progress of each audit plan to a regular board meeting.
Major Internal Policies
Major Internal Policies
- Article of Incorporation
- Rules and Procedures of Shareholders Meeting
- Procedures for Election of Directors
- Rules and Procedures of Board of Director Meetings
- Rules Governing the Scope of Power of Independent Directors
- Audit Committee Charter
- Compensation Committee Charter
- Procedures for Acquisition or Disposal of Assets
- Procedures for Lending Funds to Other Parties
- Procedures for Endorsement & Guarantee
- Polices and Procedures for Financial Derivatives Transactions
- Corporate Governance Best Practice Principles
- Ethical Corporate Management Best Practice Principles
- Guidelines for the Adoption of Codes of Ethical Conduct
- Corporate Social Responsibility Best Practice Principles
Executives
| Name | Positions | Professional Qualifications |
|---|---|---|
| Lin, Chi-Hsiung | Chairman |
|
| Tsai, Chia-hung | President |
|
| Lin, I | Cloud Business Group General Manager |
|
Contact Us
Stakeholder Engagement Email: stakeholder@ecloudvalley.com