Board Diversity Introduction

Board Diversity Introduction

Board Diversity Introduction

Board Diversity Introduction

  1. On November 4, 2014, the Board of Directors of the Company approved the “Corporate Governance Best Practice Principles,” which include a diversity policy under Chapter 3, “Strengthening the Function of the Board of Directors.” The nomination and selection of Board members are conducted in accordance with the Articles of Incorporation, following a candidate nomination system. In addition to evaluating the educational and professional qualifications of each candidate, Edison Opto also considers its operational structure, business model, development needs, and the opinions of stakeholders, complying with the “Regulations Governing the Election of Directors and Supervisors” and the “Corporate Governance Best Practice Principles” to ensure diversity and independence of Board members.

  2. Among the seven members of the Company’s 9th Board of Directors, two are female (accounting for 2/7 of the Board seats). Four members have expertise in LED and lighting technology; three have expertise in finance, investment, and analysis; and two have expertise in legal matters. The four independent directors specialize respectively in LED packaging and lighting, finance and investment analysis, and law. They possess broad knowledge in accounting and legal fields and provide significant support to Edison Opto in LED technology development, regulatory compliance, and operational risk management. All Board members have the necessary knowledge, skills, and competence required to perform their duties.

     

    Board Diversity Introduction
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  5. The Board of Directors has been reconstituted from 9 to 7 members. Directors with employee status now account for 42% (3 out of 7 seats), an increase from 22% (2 out of 9 seats) in the previous term. Independent directors represent 57% of the Board (4 out of 7 seats), surpassing the majority threshold and exceeding the previous term’s 44%. Female representation on the Board has also risen to 28% (2 out of 7 seats) from 22% previously. All four independent directors are serving consecutive terms, with tenures of less than 9 years. In terms of age diversity, one director is over 61, five are between 51 and 60, and one is under 50. Edison Opto remains committed to gender equality in Board composition, as evidenced by the increase in the ratio of female directors to 28%.
  6. Edison Opto's board diversity policy is disclosed on the company website and the Market Observation Post System (MOPS).