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Succession planning for board members
Corporate Governance
The Board
Succession planning for board members
The company director candidate nomination system, elected for a term of three years, the selection of directors, except otherwise provided by law or the articles of association, in accordance with the company director elections method to deal with.
The selection of directors of the Company shall take into account the overall composition of the board of directors, the composition of the board of directors shall take into account the diversity of the board members, and formulate an appropriate diversity policy for its own operation, business type and development needs, including but not limited to the following criteria:
- Basic conditions and values: sex, age, nationality and culture, etc.
- The professional knowledge and skills: some professional background (such as legal, accounting, industry, finance, marketing or technology), professional skills and industry experience, etc.

Achieve the ideal objectives of corporate governance, directors should generally possess the necessary knowledge, skills and qualities to perform their duties. The board of directors as a whole should possess the following capabilities:
- Operational judgment ability.
- Accounting and financial analysis ability.
- Operation and management ability (including operation and management of subsidiaries).
- Crisis management ability.
- Industry knowledge.
- International market view.
- Leadership skills.
- Decision-making ability.
- Knowledge and ability of risk management.
The Company conducts director succession planning through:
- The present directors recommend a suitable candidate.
- Candidates recommended by shareholders.
- The performance evaluation results of the Board of directors shall be the reference basis for the renewal of the director's term.
Succession planning for key management levels
- In the planning of the succession of important management level, it is necessary to have high executive ability, correct values, integrity, integrity and other personality traits, and will be "honest and pragmatic, creative, quality first, sustainable concept.
- Important in the planning of the company philosophy as the principle, is committed to achieve employee satisfaction, customer satisfaction, shareholder satisfaction of the win-win-win goal.
- The company's staff at or above the manager level is an important management level, has formulated the position agent management measures, each has a designated position agent, to train and cultivate. In addition to the internal training of management ability, combined with job rotation and overseas group company experience, to comprehensively cultivate the decision-making ability of senior executives.