Corporate Governance & Board of Directors
Compal's Management Team
Compal's management team consists of elite industry professionals with extensive experience. Driven by integrity and accountability, they constantly explore areas of improvement from a technical as well as a managerial perspective and embrace challenges with wisdom in order to satisfy stakeholders' expectations.
Operation Philosophy
Since its establishment, Compal has adhered to three major operation concepts and corporate mission, following the trend. By following the corporate mission, we have achieved the leading position and leading power of all products in the industry, pursued reasonable profits, embraced change and innovation and strengthened the management of key talents to commit to the development of digitalization and automation, improving the organizational structure of corporate social responsibility, and promoting and practicing the sustainable goals so as to jointly achieve the vision of Compal.
Global Operations
Compal's headquarters are located in Neihu District in Taipei and constitutes a hub for sales, purchasing, finance, accounting and administration. It is also where most R&D activities are carried out, and the Taoyuan Linkou R&D base was newly added in 2011. There are Compal plants in Taiwan (Pingzhen) and China (Kunshan, Nanjing, Chongqing, Chengdu). The Vietnam plant was set up in 2007 and the Brazil NB plant in 2008. Compal activated our Taiwan re-investment program in 2019 in response to US-China trade tensions and to support the government’s economic initiatives. New developments were also launched for the Vietnam plant to inject more jobs into the local economy. 2021 saw Compal step up our investments in Taiwan. In addition to the establishment of the innovation base for 5G AIoT applications at Asia New Bay Area in Kaohsiung, and the establishment of the biggest cell therapy laboratory in southern Taiwan in partnership with Kaohsiung Medical University. We are also investing in a new group headquarters complex at the Beitou Shilin Technology Park in Taipei that will be developed into a new smart innovation cluster for Smart Economy, Smart Health, Smart Transportation, Smart Environment, and Smart Buildings. In production & manufacturing, Compal is continuing to expand our regional production capacity. The opening of the US Indiana Plant in 2021 and the Mexico Plant in 2023 reduces the risk from over-concentration of production facilities while optimizing the services and production solutions that we provide to customers. In 2024, we constructed a new automotive electronics plant in Poland, with the first phase completed in June 2025. This marks a milestone in Compal’s expansion into the European market.
Corporate Governance
Compal attaches great importance to the transparency of its operations and corporate governance. The functions of every unit are clearly defined through the organization chart. Pursuant to the Company Act, Securities and Exchange Act and other pertinent regulations, the Company has constructed an effective framework for corporate governance. Not only that, the Company has made a conscious effort to strengthen and monitor the functions of the Board of Directors, safeguard shareholders’ rights, respect and uphold stakeholders' rights, improve information transparency while adhering to Ethical Corporate Management Best Practice Principles by establishing relevant systems and procedures to champion the spirit of corporate governance. This not only enables us to improve the Company's operating performance but also accomplish the goal of sustainable operation.
Integrity management implementation status, the directors' integrity declaration has reached 100%, and all employees have a correct concept. The Company has therefore formulated and announced relevant policies and regulations on its official website that strictly prohibit bribery, corruption and collusion. The regulations are also listed as e-learning compulsory courses for all colleagues on the internal website to which all employees must adhere on a daily basis so that stakeholders better understand the Company's ethical standards and ensure sustainable operation and development. In addition to complying with the RBA Code of Conduct, we have also actively cooperated with customers' requirements on CSR and have made a commitment to anti-corruption ethical standards. In 2024, no penalties were issued by the competent authority due to a violation of laws or regulations on honest operations and corruption.
Board of Directors Department
Reelection took place in 2024, professional and rich with industry, business, management and academic experience, the Board comprises 15 directors (including five independent directors with one female independent director). Its responsibilities include exercising its powers in accordance with relevant laws and regulations, and provision of the Company's Articles of Association and resolutions of the shareholders' meeting to formulate specific operation policies of the company. It is also responsible for supervising the implementation of the management team, ensuring the rights and interests of Company stakeholders, and acting in the best interests of shareholders. When the Board of Directors meets, the Audit Director should not only report on the implementation of the audit business, but also notify the person in charge of the case to submit a report and prepare the inquiry according to the proposal. In 2024, seven meetings were held with an average attendance rate of 92.38%. For information on 15th Board composition,please refer to Introduction of Directors. The specific goal of diversifying the company's directors has been achieved, more detail about diversification and skill matrix of the board menbers, please see Compal website.
Remuneration Committee
The Company‘s Remuneration Committee consists of five independent directors, namely Wen-Chung Shen (Convener of the 6th Remuneration Committee),Tu-Kung Tsai, Li-Chiu Chang, Shui-Shu Hung, and Tzu-Ting Huang. Members of this Committee are responsible for helping the Board of Directors determine the level of remuneration to be paid to directors and managers. Remuneration is set at reasonable levels that best associate the performance of individuals with that of the Company, and in a manner that attracts and retains talents. In 2024, the Remuneration Committee was convened 6 times and the average attendance rate of committee members was 95.83%.
- For more information on the activities of the Remuneration Committee during 2024, please visit the Compal website: Remuneration Committee
Audit Committee
The Company's Audit Committee consists of five independent directors, namely Tu-Kung Tsai (Convener of the 4th Audit Committee), Wen-Chung Shen, Li-Chiu Chang, Shui-Shu Hung, and Tzu-Ting Huang. The Audit Committee exists as an enhancement to the Company's supervisory and management function. It assists the Board of Directors on various decisions such as financial statement review, internal control policy, internal audit, accounting policies and procedures, major asset transactions, appointment/dismissal/independence review/suitability review of certified public accountants, appointment/dismissal of chief accountant and chief auditor, etc., thereby ensuring that the Company operates in compliance with the authority's instructions and relevant laws. In 2024, seven meetings were held with an average attendance rate of Audit Committee members of 96.30%.
- For more information on the activities of the Audit Committee during 2024, please visit the Compal website: Audit Committee
After the internal audit supervisor has submitted an audit report and follow-up report, he/she should provide the completion of audit items to the independent directors for their review by the end of the following month. If the independent directors need clarification of the audit and follow-up, they should contact the internal audit supervisor at any time. The Chief Auditor reports to the Audit Committee on a quarterly basis regarding the audit progress, and engages participants in discussions during the meetings. The Company’s Audit Committee has been communicating properly with the Chief Auditor. Independent directors engage external auditors to discuss the outcome of the financial statement audit and other legal issues deemed relevant at least once a year. Independent directors are also involved in decisions such as appointment, independence review and suitability review of certified public accountants. Communication between the independent directors, Chief Auditor and CPA in 2024.