Corporate Governance
By enhancing transparency, accountability, and efficiency, strengthen the balance between management and shareholders, establish effective risk management and internal control mechanisms, to enhance long-term corporate value and promote sustainable operations.
Operation of the Board of Directors
The current board consists of nine directors with diverse academic and professional backgrounds.Their profilesare available on the Company’s official website and in the 2025 Annual Report. Directors are elected for a three-year term through a candidate nomination system, which ensures a fair, impartial, and transparent selection process. There are four independent directors, representing 44.5% of the board. Their independence is assessed and confirmed in accordance with relevant regulations. The company values the diversity of its Board of Directors. In 2025, a female independent director was elected, and the Nominating Committee incorporated diversity and sustainable governance capabilities into the selection process. Such criteria will be institutionalized into nomination standards in the future.
The Board of Directors convenes at least once per quarter, responsible for reviewing the internal control system, evaluating business performance, and major strategic issues. Managers regularly attend board meetings to present updates on operations and financial status. Directors also provide professional suggestions to enhance decision-making quality. In 2025, the Board of Directors held 7 meetings, with a director attendance rate reaching 98.46%, demonstrating high participation and governance effectiveness. The company’s directors have comprehensive industry experience and areas of expertise that provide a governance foundation supporting corporate sustainable development
Business Management, Finance & Accounting, Commerce, Law, Information Technology
44.5%
Total: 78 hours | Average: 8.7 hours per director
The remuneration of Phihong’s directors and senior executives is administered in accordance with the Organizational Regulations of the Remuneration Committee. Individual compensation is determined based on performance self-assessments, reviewed by the Remuneration Committee, submitted to the Board of Directors for resolution, and duly reported to the Shareholders’ Meeting.
The compensation structure for the Group General Manager and senior executives is closely linked to corporate operational performance and individual performance indicators. It incorporates non-financial sustainability metrics—such as corporate governance, green design, and environmental sustainability—ensuring that the remuneration system aligns closely with the company’s short- and long-term operational goals as well as shareholder interests.
Furthermore, since 2023, senior executive compensation packages have incorporated a long-term incentive shareholding trust plan, further reinforcing the alignment between executive remuneration, long-term corporate performance, and shareholder value.
