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- Governance Structure
In accordance with the Company Act, Securities and Exchange Act and other relevant laws and regulations, Radiant Opto-Electronics develops its corporate governance structure and practice norms, and establishes a complete and efficient governance organization to ensure the sound development of the organization and the rights of stakeholders.
The Board of Directors is responsible for supervising, appointing, and directing the management team, as well as overseeing the overall operation of the Corporation. Asthe highest governance unit of the Group, the Board of Directors plays a crucial role in ensuring the success of the Corporation. In 2016, the Board of Directors approved the Corporate Social Responsibility Best Practice Principles.In 2021, the name was changed to the“Sustainable Development Best Practice Principles”, serving as the guiding principles.
In the 10th corporate governance evaluation, Radiant Opto-Electronics was rated as one of the top 5% companies for the first time, demonstrating that the corporate governance system has been gradually improved in recent years and has a sound supervision mechanism and management capabilities. In the future, it will adhere to the practice of rolling optimization. We hope to continue to receive the best recognition in corporate governance evaluations.
Diversity of the Board of Directors
In compliance with the “Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies,”as well as the
qualification requirements outlined in the Securities and Exchange Act and Article 14-2 of that same Act, Radiant Opto-Electronics Corporation established independent directors. The 10th Board of Directors was re-elected in July 2021, with ten directors elected, including four independent directors and one female director. The average age of the directors is 69, and their diverse professional backgrounds were taken into account during the election process. The Board of Directors of the Corporation convenes at least once every quarter. In 2023, a total of 17 meetings were held, with an attendance rate of 87.06%.
The Board of Directors is composed of 10 members with rich industrial operation and academic experience, and we also arrange advanced courses from time to time to fully implement the concept of diversified membership. In addition, we have also established Audit Committee, Remuneration Committee, Corporate Social Responsibility Committee and Ethical Management Team.
Sustainable Development Committee
“Sustainable Development Committee” is under the Board of Directors, and its members are appointed through the resolution of the Board of Directors. The President serves as the chairperson of the Committee. The most senior supervisors of the Logistics & Manufacturing Center of the Group and the Administrative Center of the Group serve as the vice chairperson. Four independent directors serve as Steering Committee members. The“risk management team,”“employee care and social participation team,”“environmental sustainability team,““corporate governance team,”“low-carbon products team,”“energy efficiency team,” and “green procurement and transportation team” were established within the committee. Members of these subcommittees are determined by the Board of Directors and seven senior supervisors from different fields were appointed as team leaders for each group. The Sustainable Development Committee of Radiant Opto-Electronics has a total of two female senior executives, representing 15.38% of the total. The diverse composition of the Sustainable Development Committee embodies the belief of “top-down formulation and bottom-up implementation”. In addition to effectively connecting resources across departments, it also enables the sustainability blueprint to be implemented and deeply rooted in all parts of the Company.
