德淵企業

Tex Year Products

GOVERNANCE

Board of Directors

The board of directors of our company is comprised of nine directors with extensive management, professional competence, or academic experience, among which two are independent directors. The term of office for the directors is three years with the incumbent eligible for re-election. Elections for directors and supervisors must be held in accordance with Article 13 of the Articles of Association under the candidate nomination system. 
The term of office for the current board of directors lasts from June 24, 2019 to June 23, 2022; for further information, please refer to the chart provided below.

Job titleNameEducation & working experience
ChairmanDonald HsiaoBachelor degree, Department of Chemistry National Tsing Hua University
MBA, Columbia Business School in New York City
General Manager of Tex Year Fine Chemical Co., Ltd. 
General Manager of Tex Year (Hong Kong) Ltd.
DirectorJ.T.Hsiao台灣大學商學系學士
Chairman of Tex Year Industries Inc.
DirectorLi Hung Huang台灣大學森林研究所碩士
Chairman of Wood Glue Industrial Co.,Ltd.
DirectorChih Hung Lai
國際商業研究所碩士
匯弘石油化學股份有限公司總經理
得弘企業股份有限公司董事長
DirectorCheng Jen Chen高雄大學碩士
越南大同奈陶瓷工業（股）總經理
DirectorAdhesive Technologies,Inc.
President:Peter Sterling Melendy		MBA from Amos Tuck School of Finance
Adhesive Technologies, Inc. President
Independent directorWen Pin Weng國立台灣大學材料科學與工程學研究所博士
龍華科技大學化工與材料工程系主任
Independent directorChung Ping Wang廣州暨南大學會計系博士
Supervisor Of Addcn Technology Co., Ltd
Supervisor Of  Saint-Fun International Co.,Ltd

Diversified Policies

Article 20 of Chapter 3 of the company's "Code of Corporate Governance" has expressly provided for     diversity among board members.

  • Chapter 3
    Strengthen the Functions of the Board of Directors 
  • Article 20
    The board of directors of the company shall guide the company's strategy, supervise management, and be responsible for the company and its shareholders. For various operations and arrangements under the corporate governance system, the board of directors shall exercise his/her rights in accordance with the existing laws & regulations, the articles of association, and the resolutions     generated from the shareholder's meeting.

    The structure of the board of directors of the company shall be comprised of more than 5 suitable board members in accordance with the company's business development scale, major shareholder conditions, and practical operational requirements. 

    The composition of the board of directors shall be diversified and it is not advisable to have more than one-third of the board of directors holding double duties as a company manager and as a board member. In addition, diversified guidelines shall be developed in accordance with business operations, type of operations, and developmental needs, which shall include but not limited to the two major standards provided below: 
    • I. Basic Conditions & Values : gender, age, nationality, and culture.
    • II. Expertise and Skills : professional backgrounds (e.g. law, accounting, industry, financing, marketing, or technology), professional skills, and industry experiences.
    Board members shall generally have the knowledge, skills, and aptitudes for performing their duties. In order to achieve the ideal objectives of corporate governance, the entire board of directors shall have the capabilities provided below:
    • I. Business Operation Judgment
      II. Accounting and Financial Analysis
      III. Business Management
      IV. Crisis Management
      V. Industry Knowledge
      VI. Global Market Perspective
      VII. Leadership
      VIII. Decision-making

For diversified policies, please refer to the table provided below. 

Name Of DirectorGenderOperation Managementleadership Decision MakingIndustry KnowledgeFinance Accounting
Donald HsiaoMale
 
J.T.HsiaoMale
 
Li Hung HuangMale
 
Chih Hung LaiMale
 
Cheng Jen ChenMale
 
Adhesive Technologies,Inc.
President:Peter Sterling Melendy		Male
 
Wen Pin WengMale
 
Chung Ping WangMale
 

Important resolutions from the Board of Directors

111年度

日期重要決議事項
  
111/05/131.訂定國內有擔保及無擔保轉換公司債轉換普通股之增資基準日
2.銀行額度續約承認案
3.關聯企業背書保證額度討論案
4.審查董事、獨立董事候選人案
5.解除新任董事競業禁止限制案
6.解除現任董事競業禁止限制案
7.「企業永續委員會組織規程」部分條文修訂案
8.「公司治理守則」部分條文修訂案
9.「內部重大資訊處理作業程序」部分條文修訂案
10.「檢舉處理程序書」部分條文修訂案
11.「處理董事要求之標準作業程序」部分條文修訂案
111/03/291.110年度內部控制制度聲明書承認案
2.111年度第一次薪酬委員會議決議事項承認案
3.110年度財務報表及合併報表暨營業報告書討論案
4.110年度員工及董監事酬勞分派討論案
5.110年度盈餘分派討論案
6.董事、監察人全面改選案
7.解除董事及法人董事代表人競業禁止限制案
8.「公司章程」部分條文修訂案
9.「股東會議事規則」部分條文修訂案
10.「董事及監察人選舉辦法」更名及部分條文修訂案
11.「取得或處分資產處理程序」部分條文修訂案
12.「資金貸與他人作業程序」部分條文修訂案
13.「背書保證管理辦法」部分條文修訂案
14.「衍生性金融商品交易處理程序」部分條文修訂案
15.「董事會議事規則」部分條文修訂案
16.「董事、監察人及經理人道德行為準則」更名及修訂案
17.「誠信經營作業程序及行為指南」部分條文修訂案
18.111年度股東常會召集討論案
19.關聯企業背書保證額度討論案
20.關聯企業資金貸與額度討論案
21.銀行額度新增及續約討論案
22.解除經理人競業禁止限制案
23.訂定國內第三次無擔保轉換公司債轉換普通股之增資基準日
24.與銘安科技(股)公司合作討論案

2021年

日期重要決議事項
2021/12/13  1.  Report on the  Operation plan of 2022.
2021/11/12  1.  The approval of 2rd proposed resolution made by the salary committee in 2021.
  2.  To set recordation base date for the conversion of the 3rd domestic  unsecured convertible bonds into common stock.
  3.  Recognition of the Audit Plan for 2022.
  4.  Recognition of the Certified Public Accountants Independence.
  5.  Discussion on the change percentage of employee compensation and directors in 2021 and 2022.
  6.  Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
 
2021/08/11  1.  Discussion on the date to assign 2020 he Ex-rights date of stock dividends.
  2.  To set the third recordation base date of 2019 for unsecured converting domestic guaranteed convertible bonds into 
       common stock.
  3.  Renewal and additional of credit line.
  4.  Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
2021/07/02
  1. Change the date of 2021 Annual Shareholders' Meeting.
  2. Discussion of the amount of endorsement and guarantee providing to son companies.
2021/05/14
  1. To set recordation base date for the conversion of the 3rd domestic unsecured convertible bonds into common stock.
  2. Renewal and additional of credit line.
  3. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  4. Discussion on the lending of capital for Tex Year Subsidiary.
2021/03/26
  1. Financial report, combined financial report and operational report of 2020
  2. Report on the statement of internal control system of 2020.
  3. Discussion on the 1st salary committee resolution of 2021.
  4. Modification on「Articles of Association」.
  5. Discussion on employee compensation and directors in of 2020.
  6. Discussion on profit/dividend distribution of 2020.
  7. Discussion to approve the issuance of new shares for capital increase by earnings re-capitalization of 2020.
  8. Amendment to「 Rules of Procedure for Board of Directors Meeting」.
  9. Amendment to「The rules of procedure for shareholders' meetings」.
  10. Discussion on the calling of the shareholders’ meeting of 2021.
  11. Status report on for TEX YEAR Group’s of directors、Supervisor and managers personnel changes.
  12. Alleviation of the “Non-Compete Restrictions on Managers”
  13. To set recordation base date for the conversion of the 3rd domestic unsecured convertible bonds into common stock.
  14. Renewal and additional of credit line.
  15. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  16. Discussion on the lending of capital for Tex Year Subsidiary.

2020年

DATEBOARD OF DIRECTORS RESOLUTIONS
2020/12/09
  1. Report on the  Operation plan of 2021.
  2. Amendment for the standard of internal control.
  3. Discussion on the Proposal to appoint a Functional Committees.
2020/11/13
  1. Recognition of the Certified Public Accountants Internal rotation
  2. The approval of 2rd proposed resolution made by the salary committee in 2020.
  3. Recognition of the Audit Plan for 2021.
  4. Recognition of the Certified Public Accountants Independence.
  5. Discussion on the change percentage of employee compensation and directors in 2020 and 2021.
  6. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  7. Status report on for TEX YEAR Group’s of directors、Supervisor and managers personnel changes.
  8. Alleviation of the “Non-Compete Restrictions on Managers”
  9. Discussion on the Proposal to appoint a director of corporate governance.
  10. Adjustment of bank credit limit.
2020/08/12
  1. To set recordation base date for the conversion of the 3rd domestic  unsecured convertible bonds into common stock.
  2. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
2020/06/16
  1. Discussion on the date to assign 2019 Capital Reserve Distribution.
2020/05/14
  1. To set the third recordation base date of 2019 for unsecured converting domestic guaranteed convertible bonds into common stock.
  2. Renewal and additional of credit line.
  3. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  4. Discussion on the lending of capital for Tex Year affiliates.
2020/03/27
  1. Financial report, combined financial report and operational report of 2019.
  2. Report on the statement of internal control system of 2019.
  3. Discussion on the 1st salary committee resolution of 2020.
  4. Proposal of buying back treasury shares in order to protect the Company's credit and shareholders' rights.
  5. Discussion on employee compensation and directors in of 2019.
  6. Discussion on profit/dividend distribution of 2019.
  7. Discussion on Capital Reserve Distribution.
  8. Amendment to「 Rules of Procedure for Board of Directors Meeting」.
  9. Amendment to「The rules of procedure for shareholders' meetings」.
  10. Discussion on the by-election of directors.
  11. Release prohibition on directors from participation in competitive business.
  12. Discussion on the calling of the shareholders’ meeting of 2020.
  13. To set the first recordation base date of 2016 for converting domestic guaranteed convertible bonds into common stock.
  14. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  15. Discussion on the lending of capital for Tex Year Subsidiary.
  16. The amendment to corporate governance principles.

2019年

日期重要決議事項
2019/11/13
  1. The approval of 2rd proposed resolution made by the salary committee in 2019.
  2. Recognition of the Audit Plan for 2020.
  3. Amendment for the standard of internal control.
  4. Recognition of the Certified Public Accountants Independence.
  5. Report on the  Operation plan of 2020.
  6. Discussion on the change percentage of employee compensation and directors in 2020.
  7. Discussion of the amount of endorsement and guarantee providing to son companies.
  8. Adjustment of bank credit limit.
2019/08/13
  1. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  2. Discussion on the lending of capital for Tex Year affiliates.
2019/07/03
  1. The acknowledgment for the appointment of the member for the 4th Salary committee.
  2. Change of issuance the first domestic secured convertible bonds.
  3. Discussion of issuance the second domestic secared convertible bond and the third unsecured convertible bond.
  4. Increase of "Standard Operating Procedures for Handling Directors' Requirements".
2019/6/24
  1. Admission to chairman election.
2019/05/13
  1. Recognition of the Certified Public Accountants Internal rotation
  2. Review of the list of candidates for directors, independent directors and supervisors.
  3. Renewal and additional of credit line.
  4. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  5. Discussion on the lending of capital for Tex Year affiliates.
2019/03/28
  1. Financial report, combined financial report and operational report of 2018.
  2. Report on the statement of internal control system of 2018.
  3. Discussion on the 1st salary committee resolution of 2019.
  4. Discussion on employee compensation and directors in of 2018.
  5. Discussion on profit/dividend distribution of 2018.
  6. Fully re-election of directions and supervisors upon the end of term.
  7. Revising on Endorsement Guarantee.
  8. Procedures for Lending Funds to Other Parties.
  9. Modification on procedures for assets acquisition and management.
  10. Release prohibition on directors and corporate directors from participation in competitive business.
  11. Discussion on the calling of the shareholders’ meeting of 2019.
  12. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  13. Discussion on the lending of capital for Tex Year affiliates.

2018年

DateImportant Resolutions
2018/11/13
  1. Recognition of the Certified Public Accountants Internal rotation
  2. The approval of 2rd proposed resolution made by the salary committee in 2018.
  3. Recognition of the Audit Plan for 2019.
  4. Amendment for the standard of internal control.
  5. Revision on auditing procedures.
  6. Recognition of the Certified Public Accountants Independence.
  7. Report on the  Operation plan of 2019.
  8. Discussion on the change percentage of employee compensation and directors in 2019.
  9. Discussion of the amount of endorsement and guarantee providing to son companies.
2018/08/13
  1. Discussion of the amount of endorsement and guarantee providing to son companies.
2018/05/11
  1. Modification on「Articles of Association」.
  2. Renewal and additional of credit line.
  3. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  4. Discussion on the lending of capital for Tex Year affiliates.
2018/03/28
  1. Financial report, combined financial report and operational report of 2017.
  2. Report on the statement of internal control system of 2017.
  3. Discussion on the 1st salary committee resolution of 2018.
  4. Discussion on employee compensation and directors in of 2017.
  5. Discussion on profit/dividend distribution of 2017.
  6. Amendment to Rules of Procedure for Board of Directors Meeting.
  7. Discussion on the calling of the shareholders’ meeting of 2018.
  8. Discussion of the Compensation Committee Charter and method.
  9. Status report on for TEX YEAR Group’s of directors、Supervisor and managers personnel changes.
  10. Discussion of the amount of endorsement and guarantee providing to subsidiary companies.
  11. Discussion on the lending of capital for Tex Year affiliates.

2017年

日期重要決議事項
2017/11/13
  1. Acknowledgment of the “2017 Second Remuneration Committee Conference Settlement”
  2. Acknowledgment of the “2018 Audit Plan”
  3. Amendment to the “Internal Control System”
  4. Recognition of the Certified Public Accountants Independence
  5. Acknowledgment of the “2018 Business Operation Plan”
  6. Discussion of the “2018 Remuneration Proportion Between Employees and Directors & Supervisors”
  7. Discussion of the “Endorsed Guarantee Credit Limit for Subsidiary Companies”
  8. Discussion of the “Loan and Credit Limit with Affiliated Companies”
  9. Discussion of the “Incremental Bank Credit Limit”
2017/08/11 
  1. Discussion of the “Credit Limit Endorsement with Subsidiary Companies”
  2. Discuss of the “Loan and Credit Limit Endorsement with Affiliated Companies”
  3. Discussion of the “Bank Credit Limit Alteration”
  4. Discussion of the “Incremental Investment in Tex Year Europe Sp. z o. o.”
  5. Discussion of the “Amendment to Capital Loan For Others' Operation” 
  6. Alleviation of the “Non-Compete Restrictions on Managers”
2017/05/12
  1. Discussion of "Corporate Governance Code Updates"
  2. Acknowledgment of the "Bank Credit Limit Renewal"
  3. Discussion of the "Credit Limit Endorsement with the Subsidiaries"
  4. Amendment to the "Incremental Investment in Shanghai Chuangchih Environmental Technology Company"
2017/03/29
  1. Acknowledgment of “2016 Annual Financial Statements and Consolidated Statements & Business Reports”
  2. Acknowledgment of the “2016 Annual Internal Control System Declaration”
  3. Acknowledgment of the “2017 1st Remuneration Committee Conference Settlement”
  4. Amendment to the “Articles of Association”
  5. Discussion of “2016 Employees, Directors & Supervisors Remuneration”
  6. Discussion of “2016 Earning Per Share (EPS) Allocation”
  7. Amendment to the “Credit Limit Endorsement Management Measures”
  8. Amendment to the “Asset Obtaining or Disposing Procedures”
  9. Amendment to the “Directors and Supervisors Election Measures”
  10. Discussion of the “2017 Shareholder's Meeting”
  11. Discussion of the “Credit Limit Endorsement with Subsidiaries”
  12. Discussion of the “Credit Limit Endorsement Authorized by the Chairman of the Board”
  13. Discuss of the “Loan and Credit Limit Endorsement with Affiliated Companies”
  14. Amendment to the “General Bank Credit Limit”
  15. Alleviation of the “Non-Compete Restrictions for Managers”
  16. Investment Increment in “Shanghai Chuangchih Environmental Technology Company”

2016年

日期重要決議事項
2016/11/11
  1. Acknowledgment of the “Internal Transfer of the Certified Public Accountant ”
  2. Acknowledgment of the “2016 Third Remuneration Committee Conference Settlement”
  3. Acknowledgment of the “2017 Audit Plan”
  4. Amendment to the “Internal Control System”
  5. Acknowledgment of the “2017 Business Operation Plan”
  6. Discussion of the “2017 Remuneration Proportion Between Employees and Directors & Supervisors”
  7. Discussion of the “Loan and Credit Limit with Affiliated Companies”
  8. Discussion of “Incremental Investment in Guangzhou Tex Year Fine Chemical Industry Corp., Ltd.”
  9. Discussion of the “Incremental Bank Credit Limit”
  10. Discussion of the “2016 Issuance Price of Capital Increased by Cash”
2016/08/11
  1. Discussion of a “New Director for Tex Year Europe Sp. z o. o.”
  2. Discussion of the “Endorsed Guarantee Credit Limit for Subsidiary Companies”
  3. Discussion of the “Loan and Credit Limit with Affiliated Companies”
  4. Discussion of the “Independent Director Remuneration”
  5. Discussion of “Increment Investment and Expansion of Taoyuan Factory”
  6. Discussion of the “Issuance of New Dividends with the first domestic Convertible Bonds”
2016/07/05
  1. Discussion of the “2015 Ex-dividend Date for Earning Per Share (EPS) Allocation”
  2. Appointment of “the 3rd Remuneration Committee Conference Participants”
  3. Discussion of “the 3rd New Factory in Mainland China”
  4. Discussion of “Subsidiary Company Guangzhou Tex Year’s Investment in a new material industry”
2016/06/27
  1. Election of “Chairman of the Board”
2016/05/13
  1. Increment and Renewal of the “Bank Credit Limit”
  2. Review of “Independent Director Candidates”
  3. Discussion of the “Credit Limit Endorsement with Subsidiary Companies”
2016/03/30
  1. Amendment of the “Articles of Association”
  2. Acknowledgment of “2015 Annual Financial Statements and Consolidated Statements & Business Reports”
  3. Acknowledgment of the “2015 Annual Internal Control System Declaration”
  4. Acknowledgment of the “2016 1st Remuneration Committee Conference Settlement”
  5. Discussion of the “2015 Employees, Directors & Supervisors Remuneration”
  6. Discussion of the “2015 Earning Per Share (EPS) Allocation”
  7. Amendment to the “Board of Director Meeting Rules”
  8. Discussion of the “Amendment to Person In Charge of Subsidiary Companies”
  9. Election of “New Directors and Supervisors After the Term of Office Expired”
  10. Nomination of “Independent Director”
  11. Alleviation of the “Non-compete Restrictions on Chairperson and His/Her Agent”
  12. Discussion of the “2016 Shareholder’s Meeting”
  13. Alleviation of the “Non-compete Restrictions on Managers”
  14. Increment of the “Credit Limit Endorsement on Tex Year Industrial Adhesive Pvt. And Tex Year Europe Sp. z o.o.

2015年

日期重要決議事項
2015/11/11
  1. 104年第3次薪酬委員會決議事項承認案
  2. 本公司人事晉升承認案
  3. 105年度營運計畫承認案
  4. 105年度稽核計畫承認案
  5. 提升自行編製財務報告能力計畫書承認案
  6. 105年度員工及董監事酬勞提列比例討論案
  7. 關係企業資金貸與討論案
  8. 銀行授信額度新增及變更與新增長期借款討論案
  9. 「申請暫停及恢復交易作業程序」增訂案
2015/08/12
  1. 對子公司背書保證額度案
  2. 關係企業資金貸與討論案
  3. 104年度員工及董監事酬勞提列比例討論案
2015/06/15
  1. 104年度第2次薪資報酬委員會議決議事項案
  2. 本公司總經理變動討論案
  3. 訂定103年度盈餘分派除權除息基準日討論案
2015/05/13
  1. 銀行額度續約承認案
2015/03/23
  1. 103年度財務報表及合併報表暨營業報告書案
  2. 修訂會計制度案
  3. 修訂內部控制制度案
  4. 修訂稽核制度案
  5. 103年度內部控制制度聲明書案
  6. 104年度第1次薪資報酬委員會議決議事項案
  7. 103年度盈餘分配案
  8. 員工紅利及資本公積暨盈餘轉增資發行新股案
  9. 104年度股東常會召集案
  10. 「公司章程」修訂案
  11. 「股東會議事規則」修訂案
  12. 「董事及監察人選舉辦法」修訂案
  13. 「董事、監察人及經理人道德行為準則」修訂案
  14. 「誠信經營作業程序及行為指南」增訂案
  15. 解除經理人競業禁止限制案
  16. 背書保證之專用印鑑保管人變更案
  17. 「資金貸與他人作業程序」修訂案
  18. 獨立董事報酬及薪酬委員會出席費調整案
  19. 董監事出席董事會之車馬費發放案(執行業務董事不支領車馬費)
2015/01/26
  1. 修訂104年度稽核計畫案
  2. 修訂內部控制制度案
  3. 修訂稽核制度案
  4. 波蘭設廠投資變更案