Promate Solutions

 

Promate Solutions

 

The Audit Committee

The Audit Committee of the Company (the Audit Committee), composed of all three of the independent directors, has been established in order to enhance the corporate governance, to refine the internal audit and to strengthen the management. The purpose of the Audit Committee is to help the Board of Directors execute its responsibility in supervision on such categories as the financial statements, the audit and accounting policy and procedure, the internal control code and other major items as stipulated by related companies or the regulatory authorities.


The Company’s Audit Committee was set up in July 2016. The Audit Committee shall faithfully carry out the following duties and submit any proposals to Board of Directors meeting for discussions.


1. The adoption of or amendments to the internal control system pursuant to Article 14-1 of the Securities and Exchange Act.

2. Assessment of the effectiveness of the internal control system.

3. The adoption or amendment, pursuant to Article 36-1 of the Securities and Exchange Act, of the procedures for handling financial or business activities of a material nature, such as acquisition or disposal of assets, derivatives trading, loaning of funds to others, and endorsements or guarantees for others.

4. Matters in which a director is an interested party.

5. Asset transactions or derivatives trading of a material nature.

6. Loans of funds, endorsements, or provision of guarantees of a material nature.

7. The offering, issuance, or private placement of equity-type securities.

8. The hiring or dismissal of a certified public accountant, or their compensation.

9. The appointment or discharge of a financial, accounting, or internal audit officer.

10.Annual and semi-annual financial reports.

11.Other material matters as may be required by this Corporation or by the competent authority.

12.The Audit Committee performance evaluation.

 

Members of the Audit Committee

Title

Name

Notes

Independent Director

Ying-Min Zhong

Convener

Independent Director

Mau-Shiung Chen

 

Independent Director

Yue-Xiu Liu