｜Mercuries F&B ｜
Audit Committee
The Company’s Audit Committee consists of four independent directors. The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its responsibility to oversee the quality and integrity of the Company’s accounting, auditing and financial reporting processes and financial control.
The current term of the Audit Committee is from November 14, 2023 to May 26, 2025, with 6 meetings held as of June 11, 2024. The attendance of directors is as follows:
| Title | Name | Frequency of actual attendance (B) | Frequency of scheduled attendance (A) | Frequency of proxy attendance | Attendance ratio (B/A) | Notes |
|---|---|---|---|---|---|---|
| Convener | Shiang-Feng Chen | 6 | 6 | 0 | 100% | Elected at special shareholders' meeting on November 14,2023 |
| Member | Wei-Chuan Gau | 6 | 6 | 0 | 100% | |
| Member | Bao-Jin Zheng | 6 | 6 | 0 | 100% | |
| Memer | Kuan-Han Chen | 1 | 1 | 0 | 100% | Elected at general shareholders' meeting on May 24,2024 |
Remuneration Committee
The purpose of the Remuneration Committee is to assist the Board of Directors in the implementation and evaluation of the Company’s overall remuneration and welfare policies. In accordance with tits Charter, the Remuneration Committee regularly reviews the policies, systems, standards, and structures for the performance and remuneration of the directors and managers. The Remuneration Committee periodically evaluates the remuneration of the directors and managers, and makes recommendations to be submitted to the Board of Directors for discussion.
The current term of the Remuneration Committee is from November 22, 2023 to May 26, 2025, with 5 meetings (A) held as of June 11, 2024. The attendance of directors is as follows:
| Title | Name | Frequency of actual attendance (A) | Frequency of proxy attendance | Attendance ratio (B/A) | |
|---|---|---|---|---|---|
| Convener | James Y. Chang | 5 | 0 | 100% | Elected at special shareholders' meeting on November 14,2023 |
| Member | Wei-Chuan Gau | 5 | 0 | 100% | |
| Member | Bao-Jin Zheng | 5 | 0 | 100% | |
| Member | Kuan-Han Chen | 0 | 0 | 0% | Elected at general shareholders' meeting on May 24,2024 |
Communication between Independent Directors and CPAs
During the quarterly Audit Committee meetings, CPAs report to independent directors the financial statements audited (reviewed) and the internal control audit status. At the same time, they also communicate on whether adjusting entries for financial statements are needed and whether the newly amended laws have affected the financial statements.
The communication between the Company’s independent directors and CPAs is good. Major communication matters in 2024 are summarized in the table below:
| Date | Communication Summary |
|---|---|
| 113.03.14 | 1. 112 annual individual and consolidated financial report results, including communication of key audit matters 2. Discussion of the impact of the newly revised laws |
