Board of Directors
Board of Directors
On May 24, 2019, Sinyi Realty undertook an election all seven seats of the Board, three of which are ordinary directors and four of which are independent directors. In addition to the various directors having their own particular specialties, over half of the Board being independent directors further ensures that proceedings are objective and independent.
Functional committees including the Audit Committee and the Remuneration Committee take on decision-making responsibility for economic, environmental, and social impact issues. Major issues, prior to being reported to the Board, also undergo prior review and checking. The Nomination Committee was established in 2017, with the professional qualifications and other criteria nominees for independent directorships are required to meet, ensuring that Board candidates will be appropriate fits for the industry and for the company’s future developmental needs, while also strengthening the quality of the resolutions made by the Board of Directors.For more information about the Board of Directors, please refer to investor relations website
|Chairperson||Representative of Sinyi Co., Ltd.:
|Director||Representative of Sinyi Co., Ltd.:
Related policies of Board of Directors:
In terms of enhancing the directorial function, Sinyi Realty also arranges courses for the Board of Directors on economic, environmental, and social issues related to the Company’s operations. In 2020, the Directors completed six or more hours of training courses, as laid out below:
|07/02||Securities & Futures Institute||Anti‐money laundering and combating the financing of terrorism||3||1|
|08/20||Securities & Futures Institute||Analysis of practical cases on the establishment of breach of trust and special breach of trust by directors and supervisors||3||1|
|08/26||Taiwan Corporate Governance Association||Utilizing digital transformation to create a new beginning in Sinyi Realty Inc.||3||6|
|09/22||Taiwan Stock Exchange||The Summit Forum “Corporate Governance 3.0”||3||1|
|11/17||Taiwan Corporate Governance Association||ESG issues and the brand crisis management||3||5|
|11/26||Chinese National Association of Industry and Commerce, Taiwan||Corporate Governance 3.0 and sustainable development vision in hospitality industry||3||1|
|12/02||Taiwan Corporate Governance Association||The 16th Corporate Governance Summit Forum - corporate governance moving forward - Corporate Governance Vision 3.0, the planning and practice for sustainable development, independent directors and contest for management rights||3||2|
|The 16th Corporate Governance Summit Forum - corporate governance moving forward - audit committee’s and the board of directors’ monitoring over internal control, risk management, merge and tender offer||3||1|
Nomination and Selection of Directors
To ensure the robust functioning of the Company’s Board of Directors and reinforce management mechanisms, Sinyi Realty’s Board approved the establishment of a Nominating Committee and set out the Nomination Committee Organization Rules. The Guidelines for Board Elections and the Guidelines for the Evaluation and Vetting of Nominees for Independent Directorships clearly layout the professional qualifications and other criteria nominees for independent directorships are required to meet, including diversity, independence, and knowledge & experience in ESG issues. In this way, we are able to ensure that Board candidates will be appropriate fits for the industry and for the company’s future developmental needs.For more information on Board member diversity and competencies, please refer to Sinyi Realty's 2020 Annual Report p. 3-47
Sinyi Realty has independent directors account for over half the Board, a level rarely seen in the industry. In 2019, the first female independent director was hired to strengthen the Independent Director's diverse background.
Independent Directors work together to lead the company's development through the following measures:
- Arrange independent directors to visit important subsidiaries of the group.
- For important board meeting proposals, we arranged communication with independent directors in advance.
- Arrange independent directors to communicate with accountants and audit units individually.
- Director Guidance Meeting: Integrate the needs of business units, invite independent directors for guidance, and increase the degree of independent directors’ participation in company operations.
The Chief Corporate Governance Officer
The Board of Directors has approved to appoint Mr. Chih-Huan Chen, the Senior Director of Finance Department, as the Chief Corporate Governance Officer, with the CPA license of R.O.C. and more than nine years experiences of financial management in public limited company. The duty of the Chief Corporate Governance Officer is the convener to deal with the corporate governance affairs.The responsibilities and the status of advanced study of the Chief Corporate Governance Officer, please refer to Sinyi Realty's 2020 Annual Report p. 3-53