Board Diversity Introduction

Board Diversity Introduction

Board Diversity Introduction

Board Diversity Introduction

  1. On November 4, 2014, Edison Opto's Board of Directors approved the establishment of the “Corporate Governance Best Practice Principles.” In Chapter 3, “Strengthening the Functions of the Board of Directors,” a diversity policy was formulated. The nomination and selection of the Company’s board members is conducted in accordance with the Articles of Incorporation and adopts the candidate nomination system. In addition to evaluating the academic and professional qualifications of each candidate, the Company also takes into account its own operations, business model, development needs, and stakeholder opinions. The process complies with the “Regulations Governing the Election of Directors and Supervisors” and the “Corporate Governance Best Practice Principles” to ensure the diversity and independence of board members.

  2. Among the nine members of Edison Opto's eighth Board of Directors, two are female (accounting for 2/9 of the seats). Five members specialize in the LED and lighting field; five are experienced in financial investment and analysis; and two are versed in legal affairs. The four independent directors bring expertise in LED packaging and lighting, financial investment and analysis, and the legal field, with strong backgrounds as certified public accountants and lawyers. Their knowledge has been highly beneficial to the Company in LED industry development, legal compliance, and operational risk management. Overall, all members of the Board of Directors possess the knowledge, skills, and competencies necessary to effectively perform their duties.

     

     

  3. The proportion of directors with employee status is 22% (lower than 25% in the previous term), independent directors account for 44% (higher than 38% in the previous term), and female directors account for 22% (lower than 25% in the previous term). Among the 4 independent directors, 1 was newly elected on June 22, 2022, with a tenure of less than 3 years, while the other 3 were re-elected, with a tenure of less than 6 years. Two directors are over 61 years old, five are between 51 and 60 years old, and two are under 50 years old. Edison Opto values gender equality in the composition of board members, with female directors accounting for at least 20%. One female director was added to the 7th board of directors, achieving this target.
  4. Edison Opto's board diversity policy is disclosed on the company website and the Market Observation Post System (MOPS).