Board of Directors

Board of Directors: Authority and Responsibility

The Billion Electric Co., Ltd.’s articles of association stipulate that "the Company currently has seven to nine directors, each with a term of three years and are eligible for re-election. The directors are elected among individuals with legal capacity by the Company’s shareholders. Among the abovementioned directors of the company, there shall a minimum of three independent directors.

The Chairman is elected by the directors. The Chairman represents the company externally and manages all important matters of the company.
Billion Electric Co., Ltd.’s Board of Directors consists of seven board members (including three independent directors). All directors are elected by shareholders, and there’re no gender discrimination/restrictions. The duties of the directors include supervision, appointment and guidance for the company's management team. The directors are responsible for the Company’s business operation and shall also be committed to maximizing shareholders' equity.
The term for the current Board of Directors is from 2018/06/05 to 2021/06/04

◆The independent director Gu-Tong Lin resigned on 2018/8/8.



Board Members Resumes
 
Title Nationality/Place of Registration Name Gender Date on which Current Position was Assumed Term The Commencement Date of the first Term Education & Work Experiences
Chairman ROC Zhong-Ting Chen M 2018.6.5 3
years
1997.11.5
Master of University of Mississippi
Software Engineer, IBM Taiwan
Director ROC Shu-Fong Zheng M 2018.6.5 3
years
1997.11.5
M.S. of National Tsing Hua University.
Section Manager of ASMAG
Director ROC She-Jer Jian M 2018.6.5 3
years
1997.11.5
The Department of Electrical Engineering at the China University of Science and Technology of Science and Technology
Engineer
Tatung Company
Director ROC Jun Want Investment Company
Legal Person Representative:Shen-Hsien  Wong
M 2018.6.5 3
years
2017.6.7
Master of laws, Soochow University
Ph.D., NTU GIEE
Patent Attorney
Winston & Strawn LLP
Independent director ROC Yon-Yan Chen M 2018.6.5 3
years
2012.6.27
Ph.D. in finance
Nova Southeastern University 
Assistant Professor, Department of International Trade,
Chinese Culture University
Independent director ROC Jun-Yao Lee M 2018.6.5 3
years
2012.6.27
Ph.D.
EE NTUST
Associate Professor
EE CYCU
Independent director ROC Shen-Tai Wen M 2018.6.5 3
years
2018.6.5
MBA
Rutgers, The State University of New Jersey 
CEO
Tai-Yi international investment company




Board Diversity Policy

Billion Electric Co., Ltd. has enhanced the competency and diversity of its board members. The Company’s Director Election Regulations, require independent directors to be nominated, including attorneys, lecturers of universities, and independent directors of publicly listed companies as shown in the table above. Such members help to supervise the Company’s operations and protect the rights and interests of shareholders. Moreover, the Company has formulated guidelines for the education/trainings of directors, and uses electronic, diversified, humane, and flexible means of facilitating results.


 
Director
Name
Professional
Background
Gender Diversified Core Items
Operational
decision
Accounting &
Financial
analysis
Operation &
Management
Crisis
Management
Industry
Experience
Global
Market View
Leadership Decision-
Making
Zhong-
Ting
Chen
Industry,
technology,
marketing,
management
M V V V V Computer, electronics V V V
Shu-
Fong
Zheng
Industry,
technology,
design,
management
M V   V V Computer, electronics V V V
She-
Jer
Jian
Industry,
technology,
marketing,
management
M V   V V Computer, electronics V V V
Shen-
Hsien
Wong
Law,
technology
M V   V V   V V V
Yon-
Yan
Chen
Finance,
technology,
international
trade
M V V V V   V V V
Jun-
Yao Lee
EE, technology M V   V V   V V V
Shen-
Tai
Wen
Industry,
investment,
finance,
management
M V V V V Electronics,
investment
V V V


Attendance and Education/Training of Directors and Supervisors (MOPS)
   //mops.twse.com.tw/mops/web/t93sc03_1


Election of Independent Directors
  • As stated in the Shareholders' Meeting announcement on MOPS(Market Observation post System), the number of independent directors to be elected is 4. The acceptance date of candidate nomination for independent directors shall be from March 31, 2018, to April 9, 2018. For more details, please refer to the relevant announcement of the election of directors and supervisors.
  • The following table shows the candidates who have been reviewed and approved by the Billion Electric Co., Ltd.’s 20th Board of Directors Meeting of the 15th term election, and the number of votes in the 2018 regular shareholders' meeting election:

Votes:
 
Candidates List Name Education Work Experiences Shares Held Number of Votes
Independent director Yon-Yan Chen Ph.D. in Finance
Nova Southeastern University 
 

Assistant Professor
The department of International Trade, Chinese Culture University

42,129
Independent director Jun-Yao Lee Ph.D.
EE NTUST
Associate Professor
EE CYCU
33,631 
Independent director Gu-Tong Lin MBA
University of Tennessee
Former Chairman
Deloitte Taiwan
0 123,412  
Independent director Shen-Tai Wen MBA
Rutgers, The State University of New Jersey 
CEO
Tai-Yi international investment company
31,775


Important Resolutions of the Board

Board Performance Evaluation (Self-evaluation)
  • 2019 Board Performance Evaluation

Directors and Supervisors Liability Insurance

To ensure comprehensive company governance, reduce the legal and financial responsibilities of the Company’s management personnel, and mitigate unknown risks, the Company has purchased liability insurance for its directors, supervisors and managers.
 
Underwriter: TOKIO MARINE NEWA INSURANCE CO., LTD.
Insurance period:
Insurance Amount: (sub-contract is mainly based on insurance contract)