【Audit Committee】
The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its responsibility to oversee the quality and integrity of the Company's performance of accounting, auditing, financial reporting processes and financial controls. Matters considered by the Audit Committee include: financial statements, auditing and accounting policies and procedures, internal control systems, material asset or derivative transactions, material loans and endorsements or guarantees, solicitation or issuance of securities, compliance with laws and regulations, related party transactions between managers and directors and possible conflicts of interest, employee grievance reporting, corporate risk management, appointment, dismissal, or compensation of certified public accountants, and the appointment, dismissal, or compensation of the director of finance, accounting, or internal audit. The appointment and removal of the head of finance, accounting or internal audit.
In accordance with the laws of the Republic of China, the Audit Committee shall be composed of all independent directors. The Audit Committee of TONG MING ENTERPRISE CO., LTD complies with the above legal requirements. The Audit Committee evaluates its performance on an annual basis and discusses issues of particular concern for the future.
The Audit Committee has the authority to conduct any appropriate audits and investigations in order to fulfill its responsibilities as set forth in its bylaws and has direct access to the Company's internal auditors, certified public accountants and all employees. The Audit Committee also has the authority to retain and supervise attorneys, accountants or other advisors to assist it in the performance of its duties.
The Audit Committee holds regular meetings at least quarterly. Please refer to the annual reports of the Company for the meetings of the Committee and the attendance rate of each member.
In accordance with the laws of the Republic of China, the Audit Committee shall be composed of all independent directors. The Audit Committee of TONG MING ENTERPRISE CO., LTD complies with the above legal requirements. The Audit Committee evaluates its performance on an annual basis and discusses issues of particular concern for the future.
The Audit Committee has the authority to conduct any appropriate audits and investigations in order to fulfill its responsibilities as set forth in its bylaws and has direct access to the Company's internal auditors, certified public accountants and all employees. The Audit Committee also has the authority to retain and supervise attorneys, accountants or other advisors to assist it in the performance of its duties.
The Audit Committee holds regular meetings at least quarterly. Please refer to the annual reports of the Company for the meetings of the Committee and the attendance rate of each member.
【Communication status between independent directors, internal audit supervisor and accountants】
【Annual audit committee work priorities and important resolutions】
【Remuneration Committee】
The purpose of the Compensation Committee is to assist the Board of Directors in implementing and evaluating the Company's overall compensation and benefits policy, as well as the compensation of directors and managers.
Under the laws of the Republic of China, the members of the Remuneration Committee are appointed by the Board. Pursuant to the articles of association of the remuneration committee of TONG MING ENTERPRISE CO., LTD, the committee shall consist of at least three independent directors. Currently, the Remuneration Committee of TONG MING ENTERPRISE CO., LTD consists of all three independent directors.
The Compensation Committee, in accordance with its bylaws, has the authority to engage independent consultants to assist it in evaluating the compensation of the executive officers or managers.
Under the laws of the Republic of China, the members of the Remuneration Committee are appointed by the Board. Pursuant to the articles of association of the remuneration committee of TONG MING ENTERPRISE CO., LTD, the committee shall consist of at least three independent directors. Currently, the Remuneration Committee of TONG MING ENTERPRISE CO., LTD consists of all three independent directors.
The Compensation Committee, in accordance with its bylaws, has the authority to engage independent consultants to assist it in evaluating the compensation of the executive officers or managers.
