The Board of Directors of iSTART-TEK has five to nine directors with a term of three years. The candidate nomination system is adopted by the shareholders meeting to select the directors from the list of candidates. Regarding the number of directors in the preceding paragraph, the number of independent directors shall not be less than three, and shall not be less than one-fifth of the number of directors. The candidate nomination system is adopted by the shareholders meeting to selects the independent directors from the list of independent director candidates. The qualifications, shareholding restrictions, part-time job restrictions, independence, and nomination methods of independent directors as well as other requirements shall comply with the regulations of the securities authority. The handling of director candidate nomination and the announcement of related matters shall be carried out in accordance with relevant laws and regulations.
Board of Directors
Members of the Board of Directors
|Position||Name||Education and work experience|
|Chairman of the Board||Kuan-Hao Chen||
|Independent Director||Ding-Yuan Chen||
|Independent Director||Hua-Nung Lin||
The term of the current Board of Directors is from 2020/7/23 to 2023/7/22. So far (2021/10/31), 10 meeting have been held. The attendance of directors is as follows:
|Position||Name||Actual attendance||Number of proxy attendance||Actual attendance rate（％）|
|Chairman of the Board||Kuan-Hao Chen||10||0||100|
|Independent Director||Chiung-Yu Huang||10||0||100|
|Independent Director||Ding-Yuan Chen||8||2||80|
|Independent Director||Hua-Nung Lin||4||0||100|
Diversity policy of directors
iSTART-TEK’s Code of Practice on Corporate Governance has set diversity policy of directors. The Board of Directors of the Company is composed of experts from the academics, technology industries as well as financial and accounting professionals. All members are equipped with the essential knowledge, skills and literacy to perform their duties in accordance with the diversity policy.
On-the-job training for directors
|Position||Name||Date of training||Name of course||Training hour (hr)|
|Chairman of the Board||Kuan-Hao Chen||2020.07.23||Corporate Governance and Securities Regulations||3.0|
|Director||Chun-Tse Lai||2020.07.23||Corporate Governance and Securities Regulations||3.0|
|Director||Chun-Chieh Cheng||2020.07.23||Corporate Governance and Securities Regulations||3.0|
|Director||Nai-Jung Cheng||2020.07.23||Corporate Governance and Securities Regulations||3.0|
Performance evaluation of the Board
iSTART-TEK formulated the regulations and methods for the performance evaluation of the Board of Directors in 2021. The performance evaluation results of the Board and directors are reported to the Board of Directors, which are used as a reference for the remuneration of individual directors and nominations for renewal.
1. Succession planning and operation status of the Board members
iSTART-TEK currently has 7 directors (including 3 independent directors), all possessing the management expertise required for business, finance and accounting or sales. In the future, the composition and the background of the Company’s Board of Directors will continue to adopt the same structure and requirements.
Regarding succession planning for the Board members, based on maintaining the industrial expertise and passing down Board members’ experience, the selection of regular directors primarily comes from the suitable candidates recommended by the current directors. As for the independent directors, they must have business, legal, financial or accounting experience required for the business of iSTART-TEK. The supply of these talents in Taiwan is still adequate; therefore, the succession planning of iSTART-TEK for the independent directors may come from professionals in various fields of the industry.
2. Succession planning and operation status of important management
The employees of iSTART-TEK with positions of assistant manager or higher are regarded as important management. They have completed their job descriptions and job plans, and have assigned substitute for training. In addition, iSTART-TEK still uses the existing performance evaluation system to assess and review suitable successors of the Company, facilitating future development and progress. In addition to retaining talents, the Company also recruits outstanding talents from outside the organization to increase the scope of suitable candidates.