Board

The evaluation of the Board as a whole

Innocare Optoelectronics Corp. has established a Board of Directors performance evaluation system, which was approved by the Board of Directors on June 24, 2021. The self-evaluation results of the Board, Audit Committee, and Remuneration Committee of Innocare Optoelectronics Corp. for the fiscal year 2021 were all rated as excellent. The evaluation results were reported to the Board on March 8, 2022, and were used as a reference for the performance, compensation, and nomination for reappointment of the Board and functional committee members.

The board of directors of the Company shall direct company strategies, supervise the management, and be responsible to the Company and shareholders. The various procedures and arrangements of its corporate governance system shall ensure that, in exercising its authority, the board of directors complies with laws, regulations, its Articles of Incorporation, and the resolutions of its shareholders meetings as to set up a sound corporate governance system and be committed to protect the interests of stakeholders, and take the sustainable development as the guideline of the operation.

Board

Major resolutions by the Board Meetings

Major resolutions by the Board Meetings for the year 2022

Major resolutions by the Board Meetings for the year 2021

List of Directors

  • As stipulated in our company bylaws, our board of directors election follows the Nomination System of candidates based on Article 192-1 of the Company Act.
  • The term of office for this board of directors begins on November 5, 2021 and ends on November 4, 2024.
  • Innocare Optoelectronics Corp’s board of directors has established an Audit Committee under Article 14-4 of the Securities and Exchange Act, and a Compensation Committee under Article 14-6 of the Securities and Exchange Act.

Education & Professional Qualifications:

  • M.S., Chemical Engineering,
    National Central University

Current Positions:

  •  President and COO of Innolux

Major Past Positions:

  • Associate VP, Chi Mei
  • Optoelectronics Corporation Deputy Section Manager, Chunghwa Picture Tubes, Ltd.

Education & Professional Qualifications:

  • M.S., Graduate Institute of Electronics Engineering, National Taiwan University

Current Positions:

  • Associate Vice President, Innolux Corp.

Major Past Positions:

  • Corporation Consultant of President Office, Unity Opto Technology Co., Ltd.
  • Director of Product Development Department, Chi Mei Optoelectronics Corporation

Education & Professional Qualifications:

  • M.S., Materials Engineering, National Tsing-Hua University

Major Past Positions:

  • Chairman, Innolux Corporation
  • Vice President, Chi Lin Technology Co., Ltd.
  • Deputy Plant Director, Unipac Optoelectronics Corp.
  • Associate Research Fellow, Material Research laboratories, Industrial Technology Research Institute

Education & Professional Qualifications:

  • MBA, University of Michigan, Ann Arbor

Major Past Positions:

  • Partner, AsiaVest Partners, TCW/YFY Ltd.

Education & Professional Qualifications:

  • MBA, George Washington University, USA

Major Past Positions:

  • President, Yuanta Securities Co., Ltd.
  • Managing Director, Deutsche Securities Asia, Taipei Branch, Hong Kong
  • Managing Director, Credit Suisse Securities Limited, Taipei Branch, Switzerland Managing Director, Barclays Securities Limited, Taipei Branch, United Kingdom

Education & Professional Qualifications:

  • Department of Mechanical Engineering, Tatung University

Major Past Positions:

  • President, Taiwan Medical and Biotech Industry
  • Association Advisory Committee Member, Engineering Technology Promotion Center, Ministry of Science and Technology

Education & Professional Qualifications:

  • School of Medicine, Taipei Medical University

Professional qualifications and independence analysis of directors

Meet One of the Following Professional Qualification Requirements, Together with at Least Five Years of Work Experience

  • In accordance with relevant regulations stipulated by the Securities and Futures Bureau, Financial Supervisory Commission, the professional qualifications and independence of the Company’s board members are as follows:
  • If the director meets any of the following criteria in the two years before being elected or during the term of office, please check “V” the corresponding boxes.
                 ConditionChu-Hsiang
       Yang		Tien-Jen
      Lin		Jyh-Chau
    Wang		  Ta-Lun          HuangHung-Chi
      Li		Chi-Tsung        HuangYi-Hung        Chou
An Instructor or Higher Position in a Department of Commerce, Law, Finance, Accounting, or Other Academic Department Related to the Business Needs of the Company in a Public or Private Junior College, College or University         –        –        –        –        –        –        V
A Judge, Public Prosecutor, Attorney, Certified Public Accountant, or Other Professional or Technical Specialist Who has Passed a National Examination and been Awarded a Certificate in a Profession Necessary for the Business of the Company         –        –        –        –        –        –        –
Have Work Experience in the Areas of Commerce, Law, Finance, or Accounting, or Otherwise Necessary for the Business of the Company         V        V        V        V        V        V        V

Independence Criteria

  • In accordance with relevant regulations stipulated by the Securities and Futures Bureau, Financial Supervisory Commission, the professional qualifications and independence of the Company’s board members are as follows:
  • If the director meets any of the following criteria in the two years before being elected or during the term of office, please check “V” the corresponding boxes.
                                                                                                                                                                   Condition Chu-Hsiang Yang Tien-Jen Lin Jyh-Chau Wang Ta-Lun Huang Hung-Chi Li Chi-Tsung Huang Ci-Hung Chou
(1). Not an employee of the Company or any of its affiliates.     –     –     –     V     V     V     V
(2). Not a director or supervisor of the Company or any of its affiliates (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).     V     V     V     V     V     V     V
(3). Not a natural-person shareholder who holds shares, together with those held by the person’s spouse, minor children, or held by the person under others’ names, in an aggregate amount of one percent or more of the total number of issued shares of the company or ranks as one of its top ten shareholders.     –     V     V     V     V     V     V
(4). Not a spouse, relative within the second degree of kinship, or lineal relative within the third degree of kinship of a manager in (1) or personnel in (2) and (3).     –     –     V     V     V     V     V
(5). Not a director, supervisor, or employee of a corporate shareholder that directly holds 5% or more of the Company’s outstanding shares, a top five shareholder, or appointed as the Company’s director or supervisor in accordance with Article 27, Paragraph 1 or 2 of the Company Act (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).     V     V     V     V     V     V     V
(6). Not a director, supervisor, or employee of other companies controlled by the same person with over half of the Company’s director seats or shares with voting rights (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).     V     V     V     V     V     V     V
(7). Not a director, supervisor, or employee of another company or institution who is the same person or spouse of the Company’s chairperson, president or equivalent position (not applicable in cases where the person is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).     V     V     V     V     V     V     V
(8). Not a director, supervisor, or executive officer of a specific company or institution with financial or business dealings with the Company, or shareholder with 5% or more shares of the Company (not applicable in cases where the specific company or institution holds 20% or more but less than 50% of the Company’s outstanding shares, and is an independent director of the Company, its parent company, subsidiary, or the subsidiary of the same parent company in accordance with the Act or with local laws).     V     V     V     V     V     V     V
(9). Not a professional individual who, or an owner, partner, director, supervisor, or manager of a sole proprietorship, partnership, company, or institution that audited or provided commercial, legal, financial, or accounting services for total compensation not exceeding NT$500,000 in the most recent two years to the company or to any affiliate of the company, or a spouse thereof. This does not apply to members of the Remuneration Committee, Public Tender Offer Review Committee, or Merger and Acquisition Special Committee performing duties in accordance with the Securities and Exchange Act or laws and regulations related to mergers and acquisitions.     V     V     V     V     V     V     V
(10). Not having a marital relationship, or a relative within the second degree of kinship to any other director of the company;     V     V     V     V     V     V     V
(11). Not having any of the situations set forth in Article 30 of the Company Act of the ROC.     V     V     V     V     V     V     V
(12). Not a government agency, juristic person, or its representative set forth in Article 27 of the Company Act of the ROC.     –     –     V     V     V     V     V
Number of Other Public Companies in Which the Individual is Concurrently Serving as an Independent Director     –     –     –     3     –     –     –

Diversity and independence of the Board

Innocare Optoelectronics Corp’s stipulates guidelines for diversity in its Corporate Governance Principles to strengthen the function of the Board of Directors. The nomination and election of the Company’s Board members are in accordance with the provisions of its Articles of Incorporation. In addition to evaluating the academic and professional qualifications of each candidate, we will also consider the opinions of stakeholders and adhere to the regulations and best practices for director elections and corporate governance to ensure diversity and independence of the board members.

Innocare Optoelectronics Corp’s current Board of Directors consists of 7 directors, including 4 non-executive directors and 3 independent directors. All members possess knowledge of finance, business and industry; an international market perspective; and professional ability to lead, make an operating judgment, manage the business and do crisis management. There are not any matters specified in Paragraph 3 and 4 of Article 26-3 of the Securities and Exchange Act. Directors who are also employees of the Company account for 0% of the Board. Independent directors account for 43%. Female directors account for 0%. Three independent directors has served for less than 3 years. Four directors are aged 50-59. Three directors are aged 60-69. Innocare values gender equality in the composition of the Board of Directors and has set a target of 15% or more female directors. We expect to elect one female director to the next Board of Directors to achieve the target. Implementation of the diversity of the Board members is as follows:

Professional knowledge and skills

             ConditionChu-Hsiang
      Yang		Tien-Jen
       Lin		Jyh-Chau
    Wang		  Ta-Lun
   Huang		Hung-Chi
        Li		Chi-Tsung
    Huang		Ci-Hung
    Chou
Operational Judgments         V         V         V         V         V         V         V
Management Administration         V         V         V         V         V         V         V
Accounting & Financial analysis         V         V         V         V         V         V         V
Business & Economics         V         V         V         V         V         V         –
Crisis Management         V         V         V         V         V         V         V
Knowledge of the industry         V         V         V         V         V         V         V
International market perspective         V         V         V         V         V         V         V
Ability to lead and to make policy decisions         V         V         V         V         V         V         V

Years of independent director

Condition Chu-Hsiang            Yang Tien-Jen          Lin Jyh-Chau          Wang Ta-Lun Huang Hung-Chi Li Chi-Tsung           Huang Ci-Hung           Chou
Less than 3 years          –          –          –          –          V          V          V
3 to 9 years          –          –          –          –          –          –          –
More than 9 years          –          –          –          –          –          –          –

Director status／Age／Nationality

ConditionChu-Hsiang           YangTien-Jen
       Lin		Jyh-Chau             WangTa-Lun   HuangHung-Chi
        Li		Chi-Tsung           HuangCi-Hung           Chou
Under 60 years old.         V         V         –         V         V         –         –
61-69 years old.         –         –         V         –         –         V         V
70 years old or above.         –         –         –         –         –         –         –
Gender      Men      Men      Men      Men      Men      Men      Men
Employee identity         –         –         –         –         –         –         –
NationalityRepublic of China (Taiwan)Republic of China (Taiwan)Republic of China (Taiwan)Republic of China (Taiwan)Republic of China (Taiwan)Republic of China (Taiwan)Republic of China (Taiwan)

Director's Continuing Education Situation

Job Title Name Dates of training sessions The organizer Course Name Continuing Education Units (CEU)(H)
Chairman Innolux Corporation Representative： Chu-Hsiang Yang 110.08.03 Corporate Operating and Sustainable Development Association Intellectual property management has become a new issue in corporate governance.           3
110.10.28 Digital transformation, looking towards the future, new thinking in risk management.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3
Corporate Director Innolux Corporation Representative： Tien-Jen Lin 110.11.05 Corporate Operating and Sustainable Development Association Legal Regulations and Practical Case Analysis of Insider Trading.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3
Director Jyh-Chau Wang 110.08.03 Corporate Operating and Sustainable Development Association Intellectual property management has become a new issue in corporate governance.           3
110.10.28 Digital transformation, looking towards the future, new thinking in risk management.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3
Ta-Lun Huang 110.11.04 Taiwan Development & Research Academia of Economic & Technology Practical approaches to sustainable business operations in the face of globalization competition.           3
110.11.05 Corporate Operating and Sustainable Development Association Legal Regulations and Practical Case Analysis of Insider Trading.           3
110.11.08 Taiwan Corporate Governance Association Common insider and short-term trading cases are included in the jurisdictional cases.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3
Independent Director Hung-Chi Li 110.11.05 Corporate Operating and Sustainable Development Association Legal Regulations and Practical Case Analysis of Insider Trading.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3
Chi-Tsung Huang 110.11.05 Corporate Operating and Sustainable Development Association Legal Regulations and Practical Case Analysis of Insider Trading.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3
Ci-Hung Chou 110.11.05 Corporate Operating and Sustainable Development Association Legal Regulations and Practical Case Analysis of Insider Trading.           3
111.04.12 Corporate Operating and Sustainable Development Association Analysis of significant corporate news disclosures and case studies on director responsibility.           3

Succession planning for Board members and key management positions

Innocare Optoelectronics Corp’s current Board of Directors consists of 7 directors, including 4 non-executive directors and 3 independent directors. All members possess knowledge of finance, business and industry; an international market perspective; and professional ability to lead, make an operating judgment, manage the business and do crisis management. Four directors simultaneously hold senior management positions at Innocare Optoelectronics Corp. The composition framework and member experience backgrounds of Innocare Optoelectronics Corp’s board of directors in the future will continue with the current structure. The annual “Board of Directors performance evaluation results” will serve as a reference for the re-nomination of directors.

Regarding the succession plan for the board of directors, Innocare Optoelectronics Corp. not only considers diversification, but also emphasizes gender equality, possessing the necessary knowledge, skills, and qualities required for carrying out job responsibilities.

Innocare Optoelectronics Corp. upholds embracing changes and leading market demands, focusing on three main directions: nurturing innovation, arranging leadership teams, and deepening bench depth. The successor not only needs to possess excellent working ability but also align with the company’s values.

The successor cultivation program is based on the future development and potential of talented individuals, and plans personal development programs divided into three stages: cultivation, observation, and formal succession. During this period, training courses and action learning, project assignments and management authorizations, dispatching and rotation, and other methods are provided, and the feasibility of formal succession is evaluated through performance evaluations and high-level personnel review meetings. In addition to internal learning, executives and potential talents are also encouraged to pursue higher education at top universities to deepen their knowledge and skills in business management.