Performance Evaluation and Remuneration

Performance Evaluation of the Board and Functional Committees

 

(1)Internal Performance Evaluation 

Self-evaluation 

Evaluation cycle

Evaluation period

Scope of evaluation

Method of

evaluation

Evaluation contents

Once a year

 

2023.10~

2024.09

Board of Directors
  • The self-evalution is conducted by members of board of directors and each functional committee.
  • The process is administrated by the secretariat of the Corporate governance and nomination committee.
  • The level of participation in the company's operation/Directors' sense of duty and level of participation in the company's operation
  • Enhancing the quality of board decision-making/grasp of the company's goals and tasks as well as the management and communication of internal relations
  • Composition and Structure of the board of directors
  • Appointment of Directors and Continuing Education
  • Internal Control

Individual Directors

Audit Committee
  • The level of participation in the company's operation
  • Understanding of the responsibilities of functional committees
  • Improving the decision-making quality of functional committees
  • Composition and appointment of functional committee members
  • Internal Control

Remuneration Committee
  • The level of participation in the company's operation
  • Understanding of the responsibilities of functional committees
  • Improving the decision-making quality of functional committees
  • Composition and appointment of functional committee members

Corporate governance

and nomination committee

Sustainability and risk management committee

 

The "Board Performance Evaluation Measures" were approved by the Board of Directors on October 29, 2019. They stipulate that performance evaluations will be conducted annually for the "Board of Directors," "Board Members," "Audit Committee," "Compensation Committee," "Corporate Governance and Nomination Committee," and "Sustainability and Risk Management Committee." The evaluation results are categorized into three levels: Exceeding Standards, Meeting Standards, and Needs Improvement.

 

The self-evaluation results of the company's "Board of directors", "Audit committee", "Remuneration committee", "Corporate governance and nomination committee" and "Sustainability and risk management committee" in 2024 are all above the standard, and there are no major improvement items. The evaluation results has been reviewed at the first Board meeting in 2025 the board of directors reports to the directors and serves as a reference for the performance, remuneration and nomination for renewal of members of the board of directors and functional committees.

 

 

(2)External Performance Evaluation