The Audit Committee
The Audit Committee is composed of all four independent directors, including Mr. Charles Chen, Mr. Jack J.T. Huang, Mr. Weiru Chen, and Ms. Kathy Yang, with Mr. Charles Chen as the convener of the Committee. (Note: Ms. Kathy Yang was by-elected as independent director at 2021 Annual Shareholders' Meeting on Aug 3, 2021 and joined the Audit Committee upon elected.) 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.
WPG Holdings has formulated the “Procedures for Handling Stakeholders’ Opinions and Complaints by the Audit Committee” in July 2010, and has set up the Audit Committee mailbox: firstname.lastname@example.org. Independent directors take turns to deal with complaints or suggestions of all internal and external stakeholders, while the whistleblower protection mechanism is set up under clear handling procedures.WPG Holdings Limited Company Procedures For Handling Stakeholder Suggestions and Whistle-blowing Case by Audit Committee has been disclosed on the company's official website. The Audit Committee is convened no less than once a quarter, and has convened 13 meetings in 2020, with an attendance rate of 98.46% (excluding attendance by proxy).
The Remuneration Committee
The Remuneration Committee is composed of three independent directors including Mr. Charles Chen, Mr. Jack J.T. Huang and Mr. Weiru Chen, with Mr. Jack J. T. Huang as the Committee's convener. The responsibility of the Remuneration Committee is to assist the Board of Directors in the deliberation and formulation of director and managerial personnel remuneration, assessment of companywide remuneration policies, and the transaction of remuneration evaluation affairs. The Remuneration Committee is convened no less than two times a year and has convened 5 meetings in 2020, with an attendance rate of 100% (excluding attendance by proxy).
New Business Strategy Committee (Dissolved on Nov. 9th, 2021)
The New Business Strategy Committee is composed of four directors and one independent director, including Mr. Simon Huang, Mr. K.D. Tseng, Mr. T.L. Lin, Mr. K.Y. Chen, and Mr. Jack J.T. Huang, with Mr. Simon Huang as the convener of the Committee. The responsibility of the Committee is to assist the company develop new business or secondary core business, improving new business investment quality and outcome. The New Business Strategy Committee is convened no less than four times a year and has convened 5 meetings in 2020, with an attendance rate of 96.67% (excluding attendance by proxy).
A resolution to dissolve New Business Strategy Committee is adopted on Nov. 9th 2021 due to short-term task completion.