Board Resolves to Establish a Nomination Committee
Original: 公告本公司董事會決議設置提名委員會
Summary
Phison Electronics' board of directors has passed a resolution to create a Nomination Committee, a standing governance body responsible for overseeing the selection and nomination of directors and senior executives. The move aligns with Taiwan's Corporate Governance Best-Practice Principles and signals a formal enhancement of board oversight structure. Full body available on MOPS.
Full Translation
Subject line (original): 公告本公司董事會決議設置提名委員會 — Translation: 'Announcement that the Board of Directors has resolved to establish a Nomination Committee.' A Nomination Committee (提名委員會) is a board-level standing committee charged with evaluating and recommending candidates for director seats and key managerial positions, replacing or supplementing ad-hoc nomination processes. Its establishment is encouraged under the Taiwan Stock Exchange's Corporate Governance Evaluation framework and the FSC's Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies. For investors, formalising the nomination function through a dedicated committee is generally viewed as a positive governance step, reducing the risk of unchecked insider influence over board composition. [Body not available — subject line only. See MOPS for full announcement.]