Functional Committee

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Functional Committee

MembersTerms of Reference
Members of Functional Committees


Members of the Audit and Risk Management Committee (Term of Office 2023.6.9~2026.6.8)

Convener/Managing Director(Independent Director) Terry King

Education/Background

  • Bachelor of Business Administration, Tunghai University
  • Independent Director, Jih Sun International Commercial Bank Co., Ltd.
  • ANZ Bank (Taiwan) Limited - General Manager/ Director
  • ANZ Bank Limited - Regional Head of Taiwan
  • The Royal Bank of Scotland - Regional Head of Taiwan
  • ABN Amro - Regional Head of Taiwan and North Asia

Current Position

  • Managing and Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Supervisor, Style 80´S Corp., Ltd.

Managing Director (Independent Director) Paulus Siu-HungMok

Education/Background

  • M.B.A., Queen’s University
  • Chairman, Citibank Taiwan Limited and President of Citigroup Taiwan
  • Chairman, Citibank (HONG KONG) Limited
  • Director, Citibank (China) Co., Ltd.
  • Director, Citicorp International Limited
  • Director, Citicorp Financial Services Limited (HK)
  • Managing Director and Head of Greater China Financial Markets and Securities Services Business Group, Citibank N.A., Hong Kong
  • Managing Director and Head of Financial Markets Business Group/ Korea Regional Treasurer, Citibank Korea Inc.
  • Managing Director and Head of Financial Markets Business Group/ China Regional Treasurer, Citibank China Co. Ltd.

Current Position

  • Managing and Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Independent Director, Fubon Financial Holding Co., Ltd.
  • Independent Director, Les enphants Co., Ltd.

Independent Director Jerry Chen

Education/Background

  • Institute of Management Science, Chiao Tung University
  • DBS Bank Taiwan - General Manager
  • Ta Chong Bank – President
  • Citibank Taiwan - Head of Corporate Banking, Head of Financial Peers, Head of SME, and Head of Global Market

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Director, Horng En Co., Ltd.
  • Director, Concept Link International Marketing (Taiwan) Ltd.

Independent Director Hung-Jung Ho

Education/Background

  • Ph.D. of Political Science, Taiwan University
  • Chairman, TRADE-VAN Information Services Co., Ltd.
  • Independent Director, Yem Chio Co., Ltd.
  • Commissioner, Department of Civil Affairs, Taipei City Government

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Director, Azion Co., Ltd.

Independent Director Bi-Chu Wu

Education/Background

  • Department of Business Administration, Taipei College of Business
  • Speaker, Taipei City Council
  • Director, Hua Nan Bank
  • Director, Sunny Bank
  • Chief of Treasury Section, Yang Ming Shan Gas Co., Ltd.

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.

Independent Director Li-Chuan Wang

Education/Background

  • Master of Commerce, University of Illinois Urbana-Champaign
  • Bachelor of Commerce, National Taiwan University
  • Chief Auditor and Executive Vice President Yang Ming Marine Transport Corp.
  • Director General, Deputy Director General, and Chief Secretary, Financial Examination Bureau, Financial Supervisory Commission
  • Director General, Banking Bureau, Financial Supervisory Commission
  • Division Director, Securities and Futures Bureau, Financial Supervisory Commission

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Independent Director, Fubon Financial Holding Co., Ltd.
Terms of Reference of Functional Committees

  • The Audit and Risk Management Committee Organizational Charter establish the primary purpose of the Audit and Risk Management Committee’s operations is to supervise the following matters:
  1. The proper presentation of the Company’s financial statements.
  2. The selection (dismissal) and the independence and performance of CPAs.
  3. The effective implementation of the Company’s internal controls.
  4. The appropriateness of the Company’s internal regulatory compliance procedures and plans.
  5. The management and control of existing risks to the Company.

  • The powers and duties of the Audit and Risk Management Committee are as follows:
  1. To establish or revise the internal control system.
  2. To assess the effectiveness of the internal control system.
  3. To establish or revise the acquisition or disposal of assets procedures.
  4. To review matters involving conflicts of interest for directors.
  5. To review the issuance, offering, or private placement of securities with equity characteristics.
  6. To review the appointment, dismissal, or remuneration of CPAs.
  7. To review the appointment and dismissal of the heads of finance, accounting, or internal audit.
  8. To review the annual and second-quarter financial reports signed or sealed by the Chairman, executives, and accounting officers, which must be CPA-audited.
  9. To review the fairness and reasonableness of merger and acquisition plans and transactions.
  10. To review the business report and the distribution of earnings or offsetting of losses.
  11. To review the annual budget and operational plans.
  12. To review information security policies, strategies, and improvements for major security incidents.
  13. To review risk management policies and implementation.
  14. To review significant changes in accounting policies or estimates.
  15. To review transactions involving connected persons (including actual connected persons) that need to be submitted to the Board of Directors for review in accordance with laws, regulations or internal regulations.
  16. To review other important matters that the Board of Directors or competent authorities require to be submitted to this committee for review.
  17. Approval of matters authorized by the Board of Directors.