Corporate governance – aspiring to adhere to best practices always

At GCSC we’re firmly convinced that the quality of corporate governance is a prime indicator of an organization’s real worth. By instituting clearly defined and closely followed corporate governance guidelines, we protect our shareholders’ interests and ultimately enhance the value of our organization.

Our Articles of Incorporation define GCSC’s organizational structure and departmental functions. We have also set up an independent internal audit department. To avoid any potential conflict of interest, the head of the Internal Audit Department is not permitted to perform any duties not connected with internal audit function s.

Corporate governance policies and practices

GCSC adheres to the guidelines set out by the Securities & Futures Bureau of the Financial Supervisory Commission, the Taiwan Stock Exchange and the Taiwan Securities Association regarding best practice and the principles for corporate governance. Implementation includes:

	The appointment of independent directors to enhance corporate governance.
	Increased transparency of corporate operations and financial information via updates and disclosures on the Market Observation Post System sponsored by the Taiwan Stock Exchange and the GreTai Securities Market , the GCSC official website, published financial statements and annual reports.
	The strengthening of risk management functions and internal controls.