Functional Committees
Investor Section
Audit Committee
The Audit Committee of Skytech Inc. is composed of independent directors, totaling four members. Its functions are primarily focused on oversight, with a professional and objective perspective, for the following purposes:
I. Proper representation of the company's financial statements.
II. Selection (dismissal) of certified public accountants.
III. Effective implementation of internal controls.
IV. Compliance with relevant laws and regulations.
V. Control of existing or potential risks to the company.
The Audit Committee acts in the best interests of the company as a diligent fiduciary, and any proposals it makes are submitted to the Board of Directors for decision.
Member of the Audit Committee
- Pai-Ta Shih- Independent Director (Convener)
- Du-Cheng Li- Independent Director
- Chuen-Hung Tsai- Independent Director
- Ji-Ye Miau- Independent Director
Communication Between Independent Directors and Internal Audit Director, and Accountant
-
Communication Method between Independent Directors and Internal Audit Director:
I. Independent directors meet with the internal audit director at least quarterly to review the status of audit execution and the operation of internal controls. They provide reports and respond to inquiries from independent directors in person. In addition to monthly submission of audit reports to independent directors, the internal audit director also reports significant audit findings to committee members and the board of directors during Audit Committee and board meetings. Independent directors shall master the internal audit situation every month and can convene meetings or contact the internal audit director by phone to discuss significant issues as needed.
II. Independent directors meet with the accountant at least once a year in regular meetings (Audit Committee meetings). The accountant explains the audit results or review of the financial statements for the quarter and discusses other communication matters required by relevant laws and regulations. If there are significant adjustments, entries, or changes in the impact of law amendments on accounting, these are also discussed. Meetings can be convened as needed in the event of significant issues.
- Communication Summary between Independent Directors and Internal Audit Director:
| Date | Attendee | Communication Point | Suggestion and Result |
|---|---|---|---|
|
2024/02/23 The first session of the ninth Audit Committee |
Pai-Ta Shih- Independent Director |
The internal audit director reports on the execution of audit tasks in the fourth quarter of 2023. | No objection |
|
2023/11/09 The first session of the seventh Audit Committee |
Pai-Ta Shih- Independent Director |
The internal audit director reports on the execution of audit tasks in the third quarter of 2023. | No objection |
|
2023/08/11 The first session of the fourth Audit Committee |
Pai-Ta Shih- Independent Director |
The internal audit director reports on the execution of audit tasks in the second quarter of 2023. | No objection |
|
2023/03/30 The first session of the first Audit Committee |
Pai-Ta Shih- Independent Director |
The internal audit director reports on the execution of audit tasks in the fourth quarter of 2022, as well as the results of the self-assessment of internal control systems in various departments. | No objection |
- Communication Summary of Independent Director and CPA
| Date | Attendee | Communication Point | Suggestion and Result |
|---|---|---|---|
|
2024/02/23 The first session of the ninth Audit Committee |
Pai-Ta Shih- Independent Director |
• The communication with governance bodies regarding the completion of the consolidated and individual financial statements for the year 2023, including reporting on the financial statement audit objectives, scope, and procedures, has been finalized. |
No objection |
|
2023/11/09 The first session of the seventh Audit Committee |
Pai-Ta Shih- Independent Director |
• Communication regarding the completion of the audit for the third quarter of 2023, including the scope of the audit, audit results, and the type of audit report issued. • Report on the audit objectives, scope, and procedures for the financial statements of the third quarter of 2023. |
No objection |
|
2023/08/11 The first session of the fourth Audit Committee |
Pai-Ta Shih- Independent Director |
• Communication regarding the completion of the audit for the second quarter of 2023, including the scope of the audit, audit results, and the type of audit report issued. • Report on the audit objectives, scope, and procedures for the financial statements of the second quarter of 2023. |
No objection |
|
2023/03/30 The first session of the first Audit Committee |
Pai-Ta Shih- Independent Director |
• The accountant provides an explanation of the audit matters for the consolidated and individual financial statements for 2022 and addresses key audit issues. • The accountant discusses and communicates with meeting participants regarding questions raised. |
No objection |
Remuneration Committee
The Compensation Committee of Skytech Inc. functions with a professional and objective perspective to evaluate the compensation policies and systems for directors and executives of the company. It provides recommendations to the Board of Directors for decision-making.
The Compensation Committee of our company is composed of independent directors, totaling three members, and holds meetings at least twice a year.
Member of the Remuneration Committee
- Pai-Ta Shih- Independent Director (Convener)
- Du-Cheng Li- Independent Director
- Chuen-Hung Tsai- Independent Director
