Organization and Responsibilities of the Risk Management Committee
The Risk Management Committee of WT Microelectronics is a functional committee under the Board of Directors.
The risk management committee members is composed of three Independent Directors, Chairman of the Board and the Chief Financial Officer. Independent Director Mr. Kung-Wha, Ding is the convener and chairman.
The convener and Independent Director, Mr. Kung-Wha, Ding, has served as Chairperson of the Financial Supervisory Commission, Chairperson of Taipei Exchange and Chairperson of Taiwan Depository & Clearing Corporation. He has expertise in securities management, finance and corporate governance. Independent Director, Mr. Terry Cheng and Chairman of the Board, Mr. Eric Cheng, both have extensive industrial experience and expertise in multinational corporate management. Independent Director, Ms. Elaine Kung, has professional qualification as accountants in the Republic of China, the United States and the People’s Republic of China and is expert in finance and tax planning. Chief Financial Officer, Ms. Cheryl Yang, also has professional finance and accounting manager qualifications for more than ten years. Accordingly, all members conform to the professional competence required by the Committee.
The main functions of the Risk Management Committee are the following matters:
1.Review risk management policy.
2.Review the appropriateness of the risk management framework.
3.Review major risk management strategies including risk tolerance.
4.Review management report of major risk issues and supervise the improvement mechanism.
5.Report the implementation of risk management to the Board of Directors regularly.