Organizational Structure
Fusheng Precision Org.
| Name | Responsibilities and Status |
|---|---|
| Board of Directors | The Board of Fusheng Precision meets at least quarterly. It consists of 7 directors, including 3 independent directors (accounting for 42.9%). All members possess professional expertise and diverse, complementary backgrounds essential for the company's operations. The Board is committed to strengthening its functions, enhancing management leadership, protecting shareholder rights, and ensuring information accuracy and transparency. |
| Audit Committee | Composed of three independent directors, the Audit Committee meets at least once per quarter. Its responsibilities include supervising the fair presentation of financial statements, the appointment/dismissal and independence/performance of certified public accountants, the effective implementation of internal controls, compliance with relevant laws and regulations, and the management of existing or potential risks. In 2024, 8 meetings were held with a 100% member attendance rate. |
| Remuneration Committee | Composed of three independent directors, the committee meets at least twice a year. It is responsible for regularly reviewing and proposing amendments to salary regulations; establishing and reviewing performance goals and remuneration policies, systems, and structures for directors and executives; and evaluating the achievement of performance targets to determine individual compensation, which is then submitted to the Board for discussion. In 2024, 4 meetings were held with a 100% member attendance rate. |
| Internal Audit Office | Assists the Board and management in inspecting and reviewing deficiencies in the internal control system and measuring operational effectiveness and efficiency. It provides timely improvement suggestions to ensure the continuous and effective implementation of internal controls. In 2024, the Internal Audit Office held two separate meetings with independent directors and external auditors to communicate audit progress and follow up on the improvement of audit findings for Fusheng Precision. |
| Corporate Governance Officer | Fusheng Precision’s Accounting Officer concurrently serves as the Corporate Governance Officer. Responsibilities include handling matters related to Board and Shareholders' meetings; preparing minutes; assisting directors with their appointments and continuing education; providing necessary data for directors to perform their duties; and ensuring compliance with laws and the Articles of Incorporation. In 2024, the Corporate Governance Officer completed 18 hours of professional training. |
| ESG Task Force | The Group CFO concurrently serves as the Chief Sustainability Officer (CSO), overseeing the ESG Task Force. This unit is responsible for integrating sustainability initiatives across all plants as the promotion unit for sustainable development, reporting progress to the Board at least once a year. Specifically, carbon footprint verification results are reported as a special project to the Board on a quarterly basis. |