- Board of Directors & CommitteeOpen or Close
Board of Directors Members：
The Term of GrandTech’s Board of Directors is from 23rd June 2016 to 22nd June 2018.
GrandTech Board of Directors is consists of night members;
Directors are Mr. Frankie Hsu、 Mr. Jason Ngoi 、Mr. Chun-Jen Tong, AVY Precision Technology Inc.、 Mr. Joseph Huang, AVY Precision Technology Inc. &Philip Chao, AVY Precision Technology Inc.
Independent directors are Thu-Hua Liu、 Chiang Wei-I 、Yu Chen-Tung
Audit committee members：
The Term of the Audit Committee is 23rd June 2016 to 22nd June 2018.
Audit Committee is comprised of all three independent directors, Mr.Thu-Hua Liu、 Mr. Chiang Wei-I & Mr. Yu Chen-Tung.
Compensation Committee Members：
The Term of the Compensation Committee is 23rd June 2016 to 22nd June 2018.
Compensation Committee is comprised of all three independent directors, Mr. Thu-Hua Liu、 Mr. Chiang Wei-I & Mr. Yu Chen-Tung.
Major Resolutions of Board Meeting： Board Date Resolution (excerpt) Board 2013/6/18 Elected Chairman and Vice Chairman. Board 2013/6/26 Set up 2012 annual economic surplus matters.
Second unsecured bonds with cash dividends adjustments to price matters.
Board 2013/7/16 Cash to increase the capital issued.
2012 annual director and managers bonus dividend.
Board 2013/7/30 Manage purchase Honlynn 51% stocks of new shares issue to exchange. Board 2013/8/9 2013 consolidated of Q2 financial statements. Board 2013/9/27 2010 private equity complement public offering. Board 2013/10/18 Set the date exchange and adjusted convertible bonds matters. Board 2013/11/4 2013 consolidated of Q3 financial statements. Board 2013/11/14 Dismissal of general manager of the Hong Kong subsidiary. Board 2013/12/26 2014 annual audit plan developed. Board 2014/2/14 2014 annual operating planning. Board 2014/3/18 2014 annual financial and statements.
2014 annual business report.
Dismissed directors non-compete clause.
PrescribedShareholders' Meeting agenda.
Board 2014/4/22 2014 annual company surplus allocation.
Internal Audit System
GRANDTECH's Internal Audit function is an independent unit that reports directly to the Board of Directors.
Other than informing the Board during its ordinary meetings, it briefs the Chairman, the Board Audit Committee, and the CEO on a monthly basis or as needed.
The charter of Internal Audit is to review the internal controls in the company's processes and to report on those controls with respect to the adequacy, effectiveness, efficiency of their design, as well as the actual functions on day-to-day basis. All parts of the company and its subsidiaries are open for review by Internal Audit.
The majority of the audit work is executed according to an annual plan, which needs to be approved by the Board of Directors. Such plan will take into account risks that have been identified. Special audits or reviews are conducted as needed. The combination of the regular audits and the special projects provide management with feedback on the functioning of the internal control system; it gives management an additional channel to learn about existing or possible future weaknesses in the system, and addresses them in a timely manner. The company supplements the review activities by Internal Audit with documented self-assessments by the departments and operational units. Internal Audit confirms that these activities do take place, and reviews the submissions to ensure the quality of the process; it then consolidates the results of the self-assessments for the CEO and the Board of Directors.
Major Internal Policies