Corporate Governance Framework

Everlight’s highest decision-making and governance body is the Board of Directors, which is responsible for formulating the Company’s sustainability development strategy and overseeing the management team. The exercise of authority, governance codes, director appointment, and performance evaluation procedures are conducted in accordance with national regulations and company norms such as the “Director Appointment Procedures” and “Corporate Governance Best-Practice Principles.”

The nomination and selection of members of Everlight’s board of directors and committees not only comply with regulations but also consider the Company’s development needs, diversity and independence, stakeholder perspectives, and the ability to manage risks that might impact the organization. The nomination and selection processes are transparent, fair, and reasonable, and are conducted according to the Company’s development and strategies to ensure that the members of the governance body and committees can fulfill their responsibilities.

On 2020/12/17, the Board of Directors approved the appointment of Associate Manager Li Ming-Wen as the corporate governance manager. Mr. Li is responsible for protecting the rights and interests of shareholders and strengthening the functions of the Board. Associate Manager Mr. Li has more than 3 years of experience in financial and corporate governancerelated affairs in public companies. The main duties of the Corporate Governance Manager is to, in compliance with the law, handle matters associated with meetings of the Board of Directors and shareholders; prepare minutes of meetings of the Board of Directors and shareholders; assist in appointment of directors and their continuous education; and provide the information required for directors in order for them to carry out business and assist directors in regulatory compliance.