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Remuneration Committee

On August 19, 2011 we officially established the "Remuneration Committee" to assist the board in stipulating performance evaluation and reward policies, institutions, standards, and structures for directors, and managers. Related performance evaluations, salaries, bonuses, profit sharing plan, and reward payment methods for board members and supervisors are regularly evaluated by the "Remuneration Committee" and recommended for discussion at the board meeting.

The reward payments of Far Eastern New Century board members and the bonuses of employees are paid according to the achievements in operations that year and the Articles of Incorporation, and are provided in accordance board regulations. The remaining reward payments are given out according to overall operational achievements, the salary reward standards of listed companies, market survey reports issued by professional consulting firms, and consideration of the corporate’s overall financial status and risks in the business environment.

The Committee members elected at 2024.08.07

- Raymond R.M. Tai (Independent director)
- Chung-Shu Wu (Independent director)
- J.W. Huang (Conform to independent)

Role Name Experience and professional qualifications

Independent
Director

 Raymond R.M. Tai

With work experience for more than 5 years.

Having work experience in the area of commerce, law, finance, or accounting, or otherwise necessary company business.

Experience: 

  • Commissioner, Department of North America, Ministry of Foreign Affairs, R.O.C.(Taiwan)  
  • Adjunct Instructor, Department of Foreign Languages and Literatures, National Taiwan University  
  • Third Secretary, Permanent Mission of the R.O.C. to the United Nations 
  • Second Secretary, Taipei Economic and Cultural Representative Office in the United States 
  • Director-General, Government Information Office, Executive Yuan, R.O.C. (Taiwan) 
  • Deputy Director, National affairs, Executive Yuan, R.O.C. (Taiwan) 
  • Adjunct Professor, Department of Journalism, Chinese Culture University  
  • Consultant, Department of North America, Ministry of Foreign Affairs 
  • Representative, Taipei Representative Office in United Kingdom 
  • Deputy Secretary-General to the President and Spokesperson, Office of the President R.O.C.(Taiwan). 
  • Executive Secretary, The National Unification Council, Office of the President R.O.C.(Taiwan).  
  • Senior Advisor and Convener, The National Unification Council, Office of the President R.O.C.(Taiwan) 
  • Ambassador Extraordinary and Plenipotentiary, Embassy of the R.O.C.(Taiwan) to the Holy See
     
Independent
Director		 Chung-Shu Wu Independent Director    Chung-Shu Wu    With work experience for more than 5 years.
Having work experience in the area of commerce, law, finance, or accounting, or otherwise necessary company business.
Experience: 
  •  Chairman, Taiwan Institute of Economic Research. 
  •  Chairman, Taiwan Academy of Banking and Finance 
  •  President, Chung-Hua Institution for Economic Research.

Conform to
independent

 J. W. Huang With work experience for more than 5 years.
Having work experience in the area of commerce, law, finance, or accounting, or otherwise necessary company business.
Experience: 
  •  SVP of HR Department of Far Eastern Department Store Ltd.; 
  •  Director of Yu Chang Technological and Commercial Vocational Senior High School

 

The Company established the Remuneration Committee on 19 August, 2011 and the number of the committee members is three. The tenure of current 6th term Remuneration Committee is from 07 August, 2024 to 26 June, 2027. In 2024, the Remuneration Committee held 2 times and the attendance status of members is disclosed as follows: 

Title

Name

Times of Attendance

Times of Attendance by Proxy

Percentage of Attendance (%)

 Remark

Convener the 5th term

 Raymond R.M. Tai 1 0 100% -

Committee member

Johnsee Lee

1

0

100%

 -

J. W. Huang

1

0

100%

 -
Convener the 6th term Raymond R.M. Tai 1 0 100% -
Committee member Chung-Shu Wu 1 0 100% -
J. W. Huang 1 0 100% -

 

Instances where discussion and results of resolution of the Remuneration Committee and the response to members’ opinion:

Meeting Date (Term)

Mater to be discussed

Resolution

The response to members’ opinion
Feb 26, 2024 The 6th meeting of the 5th term
  1. Performance Evaluation of the Company in 2023.
  2. Performance Evaluation of the Board of Directors and the functional committee in 2023.
  3. Year-End Bonus for 2023.
  4. 2023 Directors’ remuneration and employees’ compensation of the Company
  5. The rate of salary adjustment for employees in 2024.
 Approved by all attending members without objection.
  1. To execute in accordance with the Remuneration Committee’s resolution
  2. The proposal is submitted to the Board of Directors and approved by all attending Directors.
15 Oct., 2024
The 1th meeting of the 6th term 		 To discuss and approve the Company’s staff salary structure and annual performance evaluation and assessment form Approved by all attending members without objection. To execute in accordance with the Remuneration Committee’s resolution

 

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Remuneration Committee Charter

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