MTI's Audit Committee assists the Board of Directors in fulfilling its oversight of the quality and integrity of the accounting, auditing, reporting, and financial control practices of the Company.
The Audit Committee is responsible to review the Company's：
- The effectiveness of company internal control process
- Auditing and accounting policies and procedures
- Potential conflicts of interests involving directors
- Material asset or derivatives transactions
- Material lending funds, endorsements or guarantees
- Offering or issuance of any equity-type securities
- Hiring or dismissal of an attesting CPA, or the compensation given thereto
- Appointment or discharge of financial, accounting, or internal auditing officers
- Financial reports
- Other important events
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Audit Committee Membership |
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The independent directors communicate with the chief of internal audit and the CPAs at the regular Audit Committee meetings.(at least once every quarter) The chief of internal audit reports the annual audit plan execution and audit finding improvement status to independent directors at periodic meetings. They also exchange their opinions for the effectiveness of internal control implementation of the Company. The CPAs fully discusse with the independent directors about the finance report, tax and internal control events.
The communication between the Independent Directors and the Chief Internal Auditors and the CPAs, and the summary of the result: the independent directors have no objections against the following issues and passed the motions after review or approval with report to the Board.
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The communication between the Independent Directors and the CPAs and the summary of the result: the independent directors have no objections against the following issues and passed the motions after review or approval with report to the Board.
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The Remuneration Committee aims to assist the board of directors in formulating and reviewing directors and managers' performance evaluation and remuneration policies, systems, standards and structures, as well as evaluating and setting directors and managers' remuneration.
According to the Remuneration Committee Chart, the Committee shall consist of 3 members, at least one independent director appointed by resolution of the board of directors. In accordance with the article 8 of Remuneration Committee Chart, meetings of the Committee shall be held 2 times a year, and may hold an extraordinary meeting as needed. The committee convened for 2 times in 2022 to regularly review the policies, systems, standards and structures of directors and managers’ remuneration. In addition, the performance of the Board will be subject to evaluation once annually, and the first external agency evaluation will be conducted this year. The evaluation result will be presented to the Remuneration Committee and the Board for reporting by the end of the 1st quarter of the next year.
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Remuneration Committee membership |
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The Remuneration Committee of the Company is consisted of 3 members. Tenure of the members for the 5th Remuneration Committee: 2022.08.11 to 2025.06.13. The Remuneration Committee has convened two times in 2021 with the attendance of the members specified below:
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Motions for discussion by the Remuneration Committee and resolutions: The following has been reviewed or approved by the members with no objection, and reported to the Board for final approval.
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