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
The board of directors of OSE is the highest governing body, consisting of 8 members, 2 of whom are women. The board members represent all stakeholders’ and are responsible for the company’s operations and oversight. They possess different backgrounds and work experiences, covering areas such as industry knowledge, financial accounting, crisis management, and operational management, meeting the requirements for functional diversification.
OSE will continue to review the requirements for diversification based on future development needs. This includes enhancing expertise in areas such as environmental sustainability, occupational health and safety, labor rights, and other relevant areas. Practical planning will be implemented to enhance the diversity of the board members, aiming to strengthen board oversight and guidance of the company, aligning with international sustainability trends and expectations.
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.
