Board of Directors
▌ Board Member
- Everlight Chemical has established the Corporate Governance Best Practice Principles and the Director Election Procedures, which clearly define a board diversity policy. The policy is effectively implemented to ensure that the Board is composed of experts from diverse professional fields in line with business development needs.
- The 19th Board of Directors consists of 11 members (including 3 independent directors), with expertise covering business management, finance, law, strategic analysis, and public welfare.
- Among the directors, 36% are concurrently employees of the Company. In terms of age distribution, 2 members (18%) are over 71 years old, 5 members (45%) are between 61-70 years old, and 4 members (36%) are under 60 years old. The Company also emphasizes gender diversity. Compared with the 18th term, the number of female directors increased by one seat, reaching two in the current term (18%), thereby achieving the diversity target.
- The Company’s Board of Directors includes 3 independent directors, representing 27% of the Board. Among them, 1 independent director has served for 1-3 years, and 2 independent directors have served for 4-6 years. All independent directors’ consecutive terms do not exceed 3 terms.
- The Board of Directors does not fall under the circumstances described in Paragraphs 3 and 4 of Article 26-3 of the Securities and Exchange Act. While certain directors are related within the second degree of kinship – Jian-Hsin Chen, Wei-Wang Chen, and Ju-Ai Chen (3 persons, 27%) and Ting-Chi Chen and Chien-Ming Chen (2 persons, 18%) – the proportion does not exceed half of the Board seats, thereby maintaining independence.
Succession Planning for Board Members & Key Management Personnel
- Everlight Chemical established the Corporate Governance Best-Practice Principles and Board Election Procedures to define Board composition policy, ensuring experts from different fields meet operational needs. In June 2018, the Board was re-elected, including members with expertise in business judgment, management, crisis handling, industry knowledge, accounting, financial analysis, and business education. The Company also set Guidelines for Directors’ Continuing Education, enabling directors to arrange needed training to maintain competencies and acquire new knowledge.
- Each year, the Company reviews key management personnel and succession candidates based on six dimensions:
- Philosophical Competence: Integrity and caring management culture, building teams with security, belonging, and honor.
- Professional Competence: Job-related knowledge, skills, and problem-solving ability.
- Interpersonal Skills: Cross-department communication and cooperation, effective resource use.
- Leadership: Building team goals, influencing employees to collaborate and achieve tasks.
- Innovation and Vision: Benchmark learning, staying current, introducing innovation and management techniques.
- Strategic Management: Analyzing competition, implementing proactive strategies to achieve goals.
The Company also set talent development procedures to meet organizational growth and future workforce needs. In 2019–2020, succession of Vice Presidents of Production, R&D, Colorants Division, and the Chairman of Everlight (Suzhou) subsidiary were smoothly completed, supporting development momentum.
We will continue cultivating high-potential mid- and senior managers through mentoring, work exchanges, job rotations, and overseas assignments, selecting well-rounded talent to systematically strengthen the future management team.