Corporate Governance
KYEC formulates Articles of Incorporation, “The Regulations of Corporate Governance,” and company organization structure following Company Act, Securities and Exchange Act, “Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies,” and relevant regulations. Shareholders’ meeting and Board of Directors are on the top of the Company corporate governance structure. Shareholders can exercise their voting rights through Shareholders' Meeting electronic voting platform, to involve the decision-making process of critical operations and further enhance the convenience of shareholders' participation in shareholders’ meeting. Every proposal is voted sequentially in the meeting, and resolutions are recorded in the meeting minute, to make the operation be under the highest standard of corporate governance. The Company sets up the Audit Committee, Compensation Committee and Sustainable Development Committee through authorizing by the Board of Directors, to assist the Board performs its supervisory responsibilities.
To implement the Company's sustainable development, improve corporate governance systems, strengthen the Board of Directors' supervisory function over environmental protection, social responsibility and corporate governance, and establish a sound functional committee governance system, the Company has established a Sustainable Development Committee under the Board of Directors and formulated organizational regulations for the Sustainable Development Committee. The current committee members are Vice Chairman Chi-Chun Hsieh, Director Gauss Chang, and Independent Director Shi-Jer Sheen, who are responsible for the Company's sustainable development-related affairs, with Vice Chairman Chi-Chun Hsieh serving as the Convener. It comprises the Corporate Governance Group, Sustainable Environment Group, Community Care Group, and Sustainability Information Group, which are responsible for assisting the Board of Directors in formulating sustainable development policies, systems, or related management guidelines, planning sustainability affairs to align with international standards and comply with applicable regulations. The Chief Sustainability Officer, or a delegate designated by the Chief Sustainability Officer, reports to the Board of Directors at least once a year on ESG-related strategies and implementation effectiveness and reports quarterly to the Board of Directors on the planning and progress of the Sustainable Development Roadmap in accordance with FSC regulations.