Board of Director

Chang Wah Technology’s highest governing body is the board of directors who are responsible to the shareholders. The board needs to have good judgement skills in operation, accounting and financial analysis, as well as management abilities, etc. Because they have very defined roles and responsibilities within the business organization, it is crucial to have a high degree of self-discipline and prudence when exercising the power. 

As for performing the business of the corporation, they need to not only thoughtfully deliberate issues and policy proposals, but also formulate corporate social responsibility and sustainable development strategies.

In 2008, CWTC held a shareholder meeting for re-election. Also, the fourth board of directors has held 18 board meetings in 2020. The attendance of directors as follow:

Name Attendance in Person By Proxy Attendance Rate (%) Remarks
Canon, Huang 18 0 100%  
Chang Wah Electromaterials Inc. 6 1 86% Resignation on May 6, 2019
Representative: Chen ,Bing-Hong
Chang Wah Electromaterials Inc. 18 0 100%  
Representative: Tsai, Rong-Dong    
Chang Wah Electromaterials Inc. 17 1 94%  
Representative: Hung, Chuen-Sing
Chang Wah Electromaterials Inc. 11 0 100% Inaugurated May 7, 2019
Representative: Chou, Kang-Chi
Huang, Siou-Cyuan 16 1 89%  
Chen, Cheng-Hong 17 0 94%  
Lin, Yi-Jing 18 0 100%  
Chuang, Chen 17 1 94%  
Lin, Ren-Lin 18 0 100%  


Director's Training Situation 

Course Training hours
(Hours x the numbers of people)
New corporate governance norms and trends that directors must know in 2020, and analysis of recent cases 3
2020 Annual Prevention of Insider Trading and Insider Equity Trading Publicity Seminar 9
ESG indicators and long-term company growth 3
Operational Practices of Functional Committees of the Board of Directors 3
How does the audit committee implement the financial report review 3
2020 Corporate Governance and Corporate Integrity Directors and Supervisors Promotion Conference 3
Corporate Governance and Securities Regulations 3
Criminal Legal Risks and Responses of Corporate Directors and Supervisors 3
Integrity Management and ISO37001 3
Key technologies and market applications of 5G and IoT 3
The general trend of CSR and sustainable governance 3
Comparison, Legal Responsibility and Case Analysis of "Economic Espionage Crime" in the United States and my country's "Business Secrets Act" 3
Strengthen corporate governance with the self-evaluation system of the board of directors 3
Looking for new growth drivers in the 2020 strategic turning year 3
International implementation of the "Overseas Company Economic Substance Law" on the financial and taxation impact of enterprises and its response 3
Analysis of the latest corporate governance policies and the establishment of "corporate governance personnel" law compliance practices 6
Industry 4.0 and how companies can lead innovation and transformation 3
Introduction to corporate governance and compliance with relevant laws and regulations 3
Insider trading prevention and countermeasures 3
Total 66


Director's Performance and Compensation

CWTC established an evaluation system, which is not based on the financial indicators, for the board. However, this system incorporates some sustainability factors to measure the performance of the board and the individual directors in leading and supervising the company’s operations to enhance its overall effectiveness.

In addition to completing the internal performance evaluation, in 2020, the directors conducted the performance evaluation of the functional committee for the first time. This assessment heavily focuses on the aspects of “participation in company operation”, “cognition of functional committee responsibility”, “improving the decision-making quality of functional committee”, “functional committee composition and member selection”, and “internal control” …, etc. The method helps the company to make specific recommendations because it provides a clear guideline for enhancing the functions as well as the efficiency of the board. Moreover, the result of the assessment will be submitted to the members of the compensation committee in 2021 as a reference for directors’ remuneration.

The company’s article of association clearly stipulates that the compensation will not be higher than 1.5% of the current year’s profit. Also, the salary of directors and managers must be reviewed by the remuneration committee before receiving the approval from the board.