Honesty and Integrity
Organizational Structure
OSE complies with the Securities and Exchange Act and other relevant regulations to ensure better corporate governance through enhancing the Board‘s structure and operations, as well as increase transparency to maintain stakeholders’ interests and implement corporate social responsibility. We enhance governance and sustain value creation through an effective framework for corporate governance and functions of the board of directors. Established the audit committee composed of three independent directors to enhance governance. Established the renumeration committee to safeguard employee welfare and maintain our competitiveness. Internal controls ensure relevant procedures are carried out accordingly during operations.
OSE Structure
Board Members
OSE’s board of directors consists of eight members, five of whom are independent directors, accounting for 62.5% of the total, which is in line with the independence tandards of publicly listed companies. The board members have diverse backgrounds and professional experience,covering industry knowledge, financial accounting, crisis management and operational management, demonstrating their functional diversity.
In addition, the board members represent all shareholders and are responsible for the company’s operations and supervision to ensure theeffectiveness of corporate governance.
OSE will continue to review the diverse composition of the board of directors based on the company’s development needs, actively introducetalents with relevant professional backgrounds such as environmental sustainability, occupational safety and health, and labor human rights,strengthen the board’s supervisory and guidance functions, and respond to international sustainable development trends.
Board of Directors and Executives Compensation and ESG Performance
The compensation policies, systems, standards, and structures for directors and executives are provided by the members of the Remuneration Committee in a professional, independent, and objective manner. They regularly hold meetings to review and ensure the competitiveness and reasonableness of the compensation to support OSE’s sustainable business philosophy.
OSE pragmatically establishes and implements sustainability affairs, considering the schedule of various sustainability projects. We continuously plan to incorporate environmental, social, and corporate governance indicators into the performance evaluations of executives to ensure that the company’s operational goals advance in tandem with environmental and social responsibilities. The compensation for OSE executives includes salaries, bonuses, pensions, and restricted stock units. This information is disclosed annually in the company’s annual report and reported at the shareholders’ meeting. The compensation is determined not only by individual performance but also by external market references and the achievement of the company’s financial and related performance targets. Adjustments are made continuously based on domestic and international development trends.