As the highest policy and management body of the Company, Advantech's Board of Directors not only formulates regulations and measures in accordance with relevant laws and regulations and the powers entrusted by the shareholders' meeting, but also supervises each item of implementation results.
Key Responsibilities of the Board of Directors:
- Review corporate business plan.
- Review the financial report of the Company.
- Formulate a valid and proper internal control system.
- Supervise and handle all risks faced by the Company.
- Design and formulate the direction, strategy and tactics of corporate management.
- Hiring or dismissal of an attesting CPA, or the compensation given thereto
|Title||Name||Selected Education & Past Positions|
|Director||K and M Investment Co., Ltd
Representative: Wesley Liu
AIDC Investment Corp.
Representative Tony Liu
Representative Chaney Ho
|Independent Director||Ming-Hui Chang||
|Independent Director||Benson Liu||
|Independent Director||Chan-Jane Lin||
Director’s tenure: 2023/05/25~2026/05/24
List of Board members, Professional Expertise and Industry Experiences
Advantech Co., Ltd. values corporate governance and the functions of the Board of Directors. The selection of members of the Board of Directors adheres to our diversity policy with a comprehensive evaluation of industry background, education and background, professional domain, and gender equality, in an attempt to facilitate diverse viewpoints.
The 15th Board of Directors comprises nine directors. In particular, three seats are independent directors, accounting for 33% of all Board of Directors members. With the principle of gender equality, the 15th Board of Directors has recruited one seat of female directors (11%) and has specified the minimum ratio of female directors in the regulations < Corporate Governance Best Practice Principiples >. In the future, the ratio will continue to strengthen and increase accordingly. All directors are of Taiwanese nationality while the age distribution of members includes 2 directors aged between 31-40 years old (22%), 6 directors aged between 61-70 years old (67%) and 1 director aged between 71-80 years old (11%).
Industry and Professional Background:
Chairman K.C Liu is the founder of Advantech Co., Ltd., who constantly develops innovation and applications since the foundation of the company, pushing Advantech towards global objectives. In recent years, in view of the thriving development of global IoT, the Company actively co-establishes the industry ecology circle with partners, and carries forward the software/hardware solutions based on WISE-PaaS/IoT. Driven by altruism-based value, Advantech implements ESG from the core expertise based on the industry and thereby expands its social impact, shifting towards sustainability objectives.
Director Chaney Ho is the co-founder of Advantech, with a long-term focus on the global sales and marketing of Advantech, and brand and operation management. He plans and promotes the vision as the “Enabling an Intelligent Planet” in order to accelerate the process of Advantech entering the IoT industry. Consequently, Advantech has won the top five places in international brands from Taiwan for several years since 2004.
Director Wesley Liu has experience related to smart city, smart retail system integration (SI) solutions and IoT development, and he also has experience in talent strategic development and comprehensive management.
Director Tony Liu is the director of Advantech Corporate Investment department, who has expertise in accounting, financial analysis and leadership in business management.
Director Ji-Ren Lee is an honorary professor at National Taiwan University and a recognized authority in the field of enterprise management strategy. He possesses profound expertise in areas such as corporate transformation, organizational restructuring, and development strategies.
Director Jeff Chen is the former vice president and president of Asia at Stanley Black & Decker, Inc, who owns experience in large international enterprise management, execution of M&A strategies and in-depth understanding of technological and professional knowledge.
Independent director Benson Liu is the executive director of the Taiwan Corporate Governance Association with professional knowledge and skills in accounting and management, as well as familiarity with relevant laws and regulations.
Independent Chan-Jane Lin is the professor of Accounting Department of National Taiwan University with an education background in finance, business, and management, and research in corporate governance.
Independent director Ming-Hui Chang is the former chairman of Pricewaterhousecoopers Management Consulting Co., Ltd. with expertise in accounting, financial analysis and leadership in business management.
The Board of Directors composes of elites from the industries and academic circle, who own abundant personal insight, international market perspective, professional academic abilities, corporate operation and management, and risk management. The members make optimal and excellent contributions to the corporate operations and management, accomplishing the diversified and specific management objectives of the Board of Directors. The specification of the industry experience and composition of diversification are described in the following table:
Advantech Co., Ltd.
Independent Director Qualification Criteria
The independent directors of the Company not only have to meet the qualification requirements as stipulated in Article 3 of Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies but also refer to DJSI criteria for determining independence as an additional reference.