Audit Committee
The committee aims to supervise the following matters
1.Appropriate expression of the company's financial statements.
2.The selection/dismissal of accountants and their independence and performance.。
3.Effective implementation of the company's internal control.
4.Ensuring the company complies with relevant laws and regulations.
5.The management and control of the company's existing or potential risks.
The Audit Committee convenes at least once a quarter. For the details of the meeting and the attendance of each member, please refer to our annual report.
Salary and Remuneration Committee
The Salary and Remuneration Committee aims to assist the Board of Directors in the implementation and regular evaluation and review of the company's overall remuneration methods, along with the policies, systems, standards and structure of the performance and remuneration of directors and managers. Members of the committee are the independent directors who meet at least twice a year, and may hold meetings at any time as needed. Please refer to the company's annual report for the meeting of the committee and the attendance of each member.
ESG Committee
For the implement of sustainability, TUL established "ESG Committee" in August 2024 to propose and enforce the corporate social responsibility policies, systems (or relevant management guidelines), and concrete promotional plans.
In order to assist the Board of Directors to continuously promote corporate social responsibility and improve corporate governance for the purpose of practicing sustainable management, the authority of ESG Committee should include the following:
1. To formulate corporate social responsibility, sustainable development direction and goals, and formulate relevant management policies and specific promotion plans.
2. To track, review, and revise the implementation and effectiveness of the Company's sustainable development.
3. Supervising the disclosure of sustainable information as well as approving the sustainability report.
4. Other matters to be performed by the Committee pursuant to the resolution of the Board of Directors.
Nominate Committee
The Company’s Nominate Committee was set up in August 2024, With authorization from the board of directors, the Committee shall exercise the due care of a good administrator to faithfully perform the following duties and shall submit its proposals to the board for discussion.
1. Laying down the standards of independence and a diversified background covering the expertise, skills, experience, gender, etc. of members of the board, and senior executives, and finding, reviewing, and nominating candidates for directors, and senior executives based on such standards.
2. Establishing and developing the organizational structure of the board and each committee, and evaluating the performance of the board, each committee, and each director and senior executive and the independence of the independent directors.
3. Establishing and reviewing on a regular basis programs for director continuing education and the succession plans of directors and senior executives.
4. Establishing corporate governance guidelines of the Company.