Corporate Governance

The Board of Directors of iSTART-TEK has five to nine directors, serving a term of three years. The candidate nomination system is adopted by the shareholders’ meeting to select the directors from a list of candidates. The number of independent directors should not be less than three, and should not be less than one-fifth of the number of directors. The candidate nomination system is adopted by the shareholders’ meeting to select the independent directors from the list of independent director candidates. The qualifications, shareholding restrictions, part-time job restrictions, independence, nomination methods of independent directors as well as other requirements must comply with the regulations of the security authority. The handling of director candidate nomination and the announcement of related matters should comply with relevant laws and regulations.

Members of the Board of Directors

Directors’ attendance

The term of the current Board of Directors is from 2020/7/23 to 2023/7/22.Until Oct. 31, 2021, 10 meetings had been held. The attendance of directors was as follows:

Diversity policy of directors

iSTART-TEK’s Code of Practice on Corporate Governance has set a diversity policy of directors. The Board of Directors of the company is composed of experts from academia, technology, financial and accounting, all possessing the necessary knowledge, skills, and experience to perform their duties in accordance with the diversity policy.

On-the-job training for directors

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 and used as a reference for the remuneration of individual directors and decisions on renewing their appointments.

Succession planning

1. Succession planning and operation status of the Board members

iSTART-TEK currently has 7 directors, including 3 independent directors, who possess the necessary expertise in  business, finance, accounting and sales. In the future, the composition and the background of the company’s Board of Directors will continue to maintain the same structure and requirements.
The succession planning for the Board members is based on maintaining the industrial expertise and passing down the Board members’ experience. The selection of regular directors primarily comes from the suitable candidates recommended by the current directors. The independent directors must have expertise in business, law, finance, or accounting, relevant to the operations of iSTART-TEK. The supply of talented individuals in Taiwan is sufficient, so iSTART-TEK’s succession planning for independent directors may come from professionals in various industries.

2. Succession planning and operation status of important management

The employees of iSTART-TEK with positions of assistant manager or higher are considered as critical management personnel. They have defined job responsibilities and established development plans, with designated backups for training purposes.. 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 expand its pool of potential  candidates.