Board of Directors

Solteam's Board of Directors is established in accordance with the "Rules for the Election of Directors" by the Shareholders' Meeting. Pursuant to "Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies", Solteam has established the structure of the  board of directors and policies to ensure member diversity. The number of directors has been determined based on factors such as the scale of the company's developments, status of share possession by key shareholders and needs of the company's operations. The composition of the board, based on the nature of the company's operation and developments, require members to be equipped with professional knowledge and competence in specific fields (including economic, environment and social-related issues) in order to adequately serve their functions and contribute to the company's operations. Qualifications and appointment of Solteam's independent directors have been established in accordance with Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies, which require an independent director to be non-affiliated with the company or any of its subsidiaries two years prior and during the term of his appointment to ensure their impartiality.

Audit Committee

Solteam's Audit Committee was established in 2009 and consisted entirely of independent directors with at least one or more members specializing in accounting or finances. The term of service for audit committee members lasts for three years and members may serve consecutive terms if elected. The chair of the committee also serves as the representative of the committee. Primary duties of the committee include: supervising the company's financial statements to ensure accurate presentation of relevant statistics, the appointment (and dismissal) of the CPA and supervision of the CPA's independence and performance; ensuring the effective implementation of internal control within the company and ensuring the company's compliance with pertinent laws and regulations and identifying existing or potential risks that the company may be exposed to. Solteam's Audit Committee has its exclusive email address that is available the public in order to facilitate feedback and exchange of relevant opinions.

Remuneration Committee

Solteam's Remuneration Committee was established in 2011. The composition of the Remuneration Committee, as required by the Charter of Remuneration Committee, is determined and appointed by the Board of Directors. The Remuneration Committee shall comprise no less than 3 members, who will in turn nominate one member to be the chair of the committee. Duration of their term of service is identical with the board of directors. Should a member be dismissed for any reason, a new member shall be appointed in the next board of directors' meeting.

Primary duties of the committee includes: routine review of performance and remuneration policies, systems, standards and structures for Solteam's directors, supervisors and managers; periodic assessment and establishment of remuneration for Solteam's directors and managers.