Corporate Governance


Board of Directors
Visit Board of Directors page for more information.
Board of Directors
Committees
THE AUDIT COMMITTEE
In line with today's international trends in corporate governance, the company has established an Audit Committee under its Board of Directors to ensure professional attention, sound corporate governance system, enhanced competitiveness, and full compliance with government specifications related to the company's public listing. This committee is composed of 3 outside independent directors qualified for their financial, accounting, legal, intellectual property, research and other professional backgrounds. The purpose of this independent committee is to assist the Board in its audit-related decisions.

• Prof. Jerry G. Fong
• Prof. Yang-tzong Tsay
• Prof. Chung-Ming Chang



THE RUMUNERATION COMMITTEE
OBI's compensation and remuneration system is a priority that fully complies with the corporate governance and risk management guidelines for listed companies established by the appropriate Taiwan government agencies. This "Remuneration Committee" of the Board of Directors consists of 3 outside independent directors appointed for their objectivity and their professional qualifications. The committee assesses the salary remuneration policy and related systems for OBI's directors, supervisors, and managers and makes recommendations to the Board for its careful consideration.

• Prof. Jerry G. Fong
• Prof. Yang-tzong Tsay
• Prof. Chung-Ming Chang



THE M & A COMMITTEE
In view of the fairness of potential merger and acquisitions, the company has established the M & A committee under its Board of Directors. Three external independent directors are appointed to offer objective and professional evaluations to the Board of Directors/Shareholders. However, it is not necessary to convene the shareholders if the Corporate Merger Law does not applied to the specific M&A case.

• Prof. Jerry G. Fong
• Prof. Yang-tzong Tsay
• Prof. Chung-Ming Chang



Board Resolutions
Visit Corporate Governance page for more information.
Internal Audits
The Auditor's Office (IA) reports directly to the Board of Directors. The chief auditor reports audit performance to each independent director on a regular basis and attends the board meeting to report the status of internal controls. The main purposes of internal auditing are to assist the board and the company's managers in checking and reviewing potential defects in the company's internal control system, to evaluate the effects and efficiencies of operations, and to provide timely suggestions for improvement to ensure the continuous use of effective internal control systems. The Auditor's Office (IA) reports directly to the Board of Directors. The chief auditor reports audit performance to each independent director on a regular basis and attends the board meeting to report the status of internal controls. The main purposes of internal auditing are to assist the board and the company's managers in checking and reviewing potential defects in the company's internal control system, to evaluate the effects and efficiencies of operations, and to provide timely suggestions for improvement to ensure the continuous use of effective internal control systems.

Download Internal Audit Report
Internal Audit
Governance
Visit Corporate Governance page for more information.
Integrity
Visit Corporate Governance page for more information.