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Stakeholder
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Board and Functional Committees |
FocalTech believes that the key factor for an enterprise to operate in a sustainable manner is to maintain a sound governance system by its board of directors. Therefore, FocalTech is committed to building a sound and effective corporate governance framework, continuously improving the quality of corporate governance, and practicing the spirit of corporate governance, in order to ensure that the management team and colleagues in each unit comply with laws and regulations and ethical standards. All of these measures enable the Company to strengthen its overall operations, protect the rights and interests of stakeholders, and fulfill its corporate social responsibility..
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Committee members |
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Audit Committee |
The Audit Committee is established to assist the Board of Directors in fulfilling its oversight responsibilities regarding the quality and integrity of the company’s accounting, auditing, financial reporting processes, and internal controls. Its primary supervisory functions include:
- Appropriate presentation of the company's financial statements
- Selection (dismissal) of visa accountants and their independence and performance
- Effective implementation of the company's internal control
- The company complies with relevant laws and regulations
- Control of existing or potential risks of the company
The Company's Audit Committee is composed of all independent directors and meets at least once a quarter.
Accountants shall explain or provide consultation to independent directors at least quarterly in the Audit Committee on the impact of audit status, public statement revisions, internal control and other issues on the company.
In addition to regularly sending audit reports to independent directors for review, the audit unit shall also report to the Audit Committee and independent directors at least quarterly.
In addition to the above-mentioned regular reports at the meetings, the accountants and audit supervisors will communicate and discuss with the independent directors separately after the management team and attendees leave the meetings.
After all reports were completed and the attendees left, the Audit Committee confirmed and approved the proposals one by one.
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Communication between independent directors and internal audit supervisor |
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Communication between independent directors and accountants
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Compensation Committee |
The Compensation Committee operates in a professional and objective capacity to evaluate the company's policies and systems regarding the compensation of directors and managers. It provides recommendations to the Board of Directors as a reference for decision-making. In 2024, the Compensation Committee of the company was composed of three independent directors.
Responsibilities of the Compensation Committee:
- Regularly review the company's compensation policies and propose amendments.
- Establish and periodically review the performance and compensation policies, systems, standards, and structures for the company's directors and managers.
- Periodically assess the compensation of the company's directors and managers.
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