VIS has been actively planning
business strategies with company governance fundamentals ever
since its inauguration, ensuring company capability to maximize
investor's return with effective company governance mechanism
and sound operations. In 2003, VIS recruited a group of distinguished
professionals from the industry, as well as the finance and
legal field to join the new BOD. Then in fourth board, elected
on June 5, 2003, three committees of Audit, Company Governance
and Nomination, and Compensation were established. This has
greatly enhanced the supervision and governance functions
of the board. Relevant bylaws also set to implement major
principles of Corporate Governance, including protecting shareholders'
rights and interests, strengthening the duties and responsibility of the board
of directors, fulfilling the function of supervisors, and
enhancing information transparency. The fifth board, which
was re-elected on May 11, 2006, has set up the Quasi Audit
Committee and Compensation Committee directly under the board
in compliance with the regulation changes and company governance
requirements from the government. BOD also updated Organic
Regulations of Quasi Audit Committee and Organic Regulations
of Compensation Committee based on the stipulation examples
government provided, constituted Board Meeting Standing Orders
in accordance to government guidance, in order to effectively
improve and achieve the important company governance principles
overall.In 2008, VIS has passed the Corporate Governance Assessment System
initiated by the Taiwan Corporate Association.
In seventh board in 2012, VIS recruited three professional
and experienced independent directors to join the BOD and set up the
Audit Committee and Compensation Committee and revise
the "Audit Committee Charter" as well as "Compensation Committee Charter"
in compliance with government law.
VIS has established and effectively implemented a comprehensive
internal control system. All departments are required to conduct
regular internal evaluation for daily operation. Further,
BOD and the management review the evaluation reports and reports
from internal audit department regularly to ensure the operational
efficiency, the accuracy of financial reporting and compliance
to all regulations.
The Company has set up a dedicated corporate governance unit, i.e., the Company's Financial Management Department under the Finance Division, which is overseen by the Vice President of Finance and tasked with formulating and executing plans related to the Company's corporate governance, handling corporate registration and amendment registration, and other matters to effectively safeguard the rights and interests of shareholders, reinforce the role of the Board of Directors and function of the Audit Committee, respect stakeholders' rights, and improve information transparency. In addition, the Company's relevant departments and units including the Secretariat of the Board of Directors, Internal Audit Department, and Department of Human Resources are responsible for furnishing information required by directors and supervisors to conduct business, and the Secretariat of the Board is tasked with carrying out relevant tasks relating to board meetings and shareholders' meetings in accordance with law and producing meeting minutes for board meetings and shareholders' meetings.
2017 Corporate Governance Awards
|Taiwan Stock Exchange & Taipei Exchange
||Ranked in top 5% in Third Corporate Governance Evaluation of Listed Companies
2016 Corporate Governance Awards
|Taiwan Stock Exchange & Taipei Exchange
||Ranked in top 5% in Second Corporate Governance Evaluation of Listed Companies
||Excellence in Corporate Social Responsibility Award - Large cap - 29th Place
|Taiwan Corporation Governance Association
VIS is committed to "the principle of integrity and seeks high standards of professional ethics" as the top priority of corporate management values.
All VIS employees are forbidden from giving or taking bribes, from acting in any way contrary to the interests of the company, and from any instance of conflict of interest. VIS allows employees or any whistleblowers to report any ethical deficiencies through the E. Mail Box as below :
Audit Committee E. Mail Box:firstname.lastname@example.org
Chairman E. Mail Box:email@example.com
President E. Mail Box:firstname.lastname@example.org