Mega Holdings has adopted the following corporate governance practices in the past years to improve the effectiveness of corporate governance:
Mega Holdings has established a sound corporate governance structure. The shareholders' meeting is responsible for the distribution of dividends, amendments to Articles of Incorporation and internal regulations, and the election of directors, etc. The Board of Directors is established under the shareholders' meeting and it is the highest governing body of the Company. The Board of Directors performs its duties according to the Articles of Incorporation and resolutions passed in the shareholders' meeting and it is responsible for passing the Company's business plans, annual financial reports and semi-annual financial reports, assessment on the effectiveness of the internal control system, appointment (dismissal) of the CPA, and the appointment and dismissal of managerial officers. The Audit Committee, the Remuneration Committee, the Risk Management Committee, the Corporate Social Responsibility Committee, and the Ethical Management Committee have been established under the jurisdiction of the Board of Directors to help deliberate proposals and ensure the quality of decision-making.