Governance

Corporate Governance Framework

Fubon Financial Holdings’ board of directors is the highest governance body in the corporate structure. Since 2014, board candidates have been determined by a nomination mechanism. Nominees are elected from a list of candidates at the annual shareholders meeting. Director candidates (including independent directors) are selected and recommended to the board based on the independence standards stipulated by regulatory authorities, as well as the Company’s ”Procedures for the Election of Directors.” Nine board meetings were held in 2024, far more than the one meeting per quarter required, and the attendance rate was 95.45%(100% if attendance by proxy was included).

The Company has also made the average attendance rate a factor in board directors’ performance evaluations to fully evaluate the degree of engagement by directors in the Company’s operations.

Corporate Governance Framework

Functional Committee Organization and Operations

Corporate Governance and Sustainability Committee Audit and Risk Management Committee Remuneration and Nomination Committee

Composition Rules	Share of Independent Directors	Main Responsibilities	2024 Operations
Composition Rules	Share of Independent Directors	Main Responsibilities	Met Times	Average Attendance
Members appointed by the board and must be board directors. Must have no fewer than 3 members. At least half of the members must be Independent directors.	75%	Helps the board nominate board of director candidates and recommends potential independent directors for Fubon subsidiaries. Develops initiatives and advises the board on its internal operations and management issues. Oversees implementation of CSR and sustainability initiatives and evaluates their effectiveness.	6	97.8%

Composition Rules	Share of Independent Directors	Main Responsibilities
Composition Rules	Share of Independent Directors	Main Responsibilities	Members appointed by the board and must be board directors. Must have no fewer than 3 members. At least half of the members must be Independent directors.	75%	Helps the board nominate board of director candidates and recommends potential independent directors for Fubon subsidiaries. Develops initiatives and advises the board on its internal operations and management issues. Oversees implementation of CSR and sustainability initiatives and evaluates their effectiveness.

2024 Operations
Met Times	Average Attendance
6	97.8%

Composition Rules	Share of Independent Directors	Main Responsibilities	2024 Operations
Composition Rules	Share of Independent Directors	Main Responsibilities	Met Times	Average Attendance
Made up of all of the Company's independent directors. Must have no fewer than 3 members.	100%	Oversees the fair presentation of the Company's financial statements. Hires (dismisses) the accounting firm used by the Company and certifies its independence and performance. Monitors the effectiveness of the Company's internal controls. Oversees the appropriateness of internal compliance procedures. Oversees the management of existing or potential risks.	7	100%

Composition Rules	Share of Independent Directors	Main Responsibilities
Composition Rules	Share of Independent Directors	Main Responsibilities	Made up of all of the Company's independent directors. Must have no fewer than 3 members.	100%	Oversees the fair presentation of the Company's financial statements. Hires (dismisses) the accounting firm used by the Company and certifies its independence and performance. Monitors the effectiveness of the Company's internal controls. Oversees the appropriateness of internal compliance procedures. Oversees the management of existing or potential risks.

2024 Operations
Met Times	Average Attendance
7	100%

Composition Rules	Share of Independent Directors	Main Responsibilities	2024 Operations
Composition Rules	Share of Independent Directors	Main Responsibilities	Met Times	Average Attendance
Members appointed by the board of directors. Must have no fewer than 3 members. At least half of the members must be independent directors.	100%	Establishes and reviews the Company's policies, systems and structures related to the performance evaluations and remuneration of board members and managerial officers. Regularly assesses the actual remuneration paid to board members and managers.	9	98%

Composition Rules	Share of Independent Directors	Main Responsibilities
Composition Rules	Share of Independent Directors	Main Responsibilities	Members appointed by the board of directors. Must have no fewer than 3 members. At least half of the members must be independent directors.	100%	Establishes and reviews the Company's policies, systems and structures related to the performance evaluations and remuneration of board members and managerial officers. Regularly assesses the actual remuneration paid to board members and managers.

2024 Operations
Met Times	Average Attendance
9	98%