goldennet

The Company elected 7 directors (including 4 independent directors)at the General Shareholders’ Meeting held on June 16, 2023 . The tenure of the newly elected Directors is 3 years and effective from Jun. 16 2023 to Jun. 15 2026.The term of the assume office.

In order to reinforce corporate governance and promote sound development of board composition and structure, the nomination of candidates for directors of the Company shall be adopted the candidate nomination system in accordance with the provisions of the Company's Articles of Incorporation. Each candidate’s professional background, gender, age, work experience, independence, and others are evaluated and considered. The nominated director should possess the capabilities such as Business judgment ability, Accounting and financial analysis ability, Management ability, Crisis handling ability, Industry knowledge, Global market perspectives, Leadership, and Decision-making ability.
For implementing the diversity of the board of directors, the company has, based on its operational patterns and developmental needs, formulated diversification management objective as follows: (1)Adequate and diverse professional knowledge and skills, (2)At least 3 seats of independent directors, (3)The independent directors shall not hold office for more than 3 terms, (4)At least two of the directors have financial, accounting or legal background, (5)The target ratio of female director is 25% or more.

The current Board of Directors of the Company consists of seven directors. The specific management objectives of the board diversity policy and their achievement status are as follows:

Succession planning and operations of board members

The election of Directors adopts a candidate nomination system and is handled in accordance with the "Procedures for Election Directors". There are currently 7 directors (including 4 independent directors), each with business, legal, financial accounting or management expertise required for company operations. Two of them are also important management members of the company. In the future, the company will continue to strengthen the structure of the board of directors.
Regarding the succession planning of the board of directors, there are currently many senior managers in the group who have the management and professional abilities required to serve as directors. At the same time, the company will also recruit professional talents from outside to prepare for the succession planning of directors.

As for the independent directors, they are required by law to have work experience required in business, legal affairs, finance, accounting or corporate business. The company will appoint independent directors in accordance with legal requirements to further exert the function of corporate governance.

Succession planning and operations of important management levels

Employees of the company's deputy general manager (inclusive) and above are important management levels, and each management level has an agent. In order to cultivate important management levels and their agents, the company organizes internal and external training courses from time to time. The training content includes professional training, judgment, management and problem-solving skills to improve the quality of management's decision-making and prepare high-quality manpower for the company's long-term development.
The company uses the existing performance appraisal system to evaluate and review suitable future successor candidates to facilitate future development and progress. In addition to retaining talents, the company also recruits outstanding talents from outside and uses internal and external talent pools to increase the breadth and depth of the company's successor candidates.