Board

As the highest strategic management mechanism of the corporation, the Advantech Board makes all regulations and decisions according to related laws and powers granted by shareholders’ meetings.

In addition to improving corporate governance schemes, Advantech also focuses on the long-term company strategy development, on shaping company culture and on cultivating senior level managerial talent. To achieve this, the board will take turns inviting all department managers to report at regular meetings, which will help the board better understand the overall company operating condition. Directors will question each manager and make strategic decisions based on their responses, then hand over projects to the executive and general manager for tracking.

Furthermore, the board founded the Audit and Compensation Committees, expanding the board's scope through specialization of work and distribution of meeting times.

The Audit Committee consists of supervisors who lead the internal auditing of the company, checking that the nine circles of daily operation such as finance, business, production, and expense all conform to corporate laws and regulations in order to prevent fraud. The Compensation Committee focuses on the establishment of internal finance as well as a remuneration and reward system, and creates feasible schemes for senior talent cultivation planning.

The board endeavors the company in all possible ways and enlarges its involvement in operations to practice wise corporate governance in order to make Advantech a model Taiwanese corporation.

The composition and the list of the board of directors

The Advantech board of directors consists of seven directors who all have professional background knowledge and extensive experience in industry. Three independent directors are placed from the board quota. The term of the board is three years after which they will be eligible for re-election.

The board of directors election process follows the standard candidate nomination system. Once candidates are approved, after meeting all requirements by the board, they will be invited to the shareholders' meeting, and shareholders will then choose them from the approved board candidate list.

The board has a supervisory role and a responsibility for maintaining good corporate governance, and according to Article 14 of the Securities Exchange Law, The Audit Committee and Compensation Committee will then be placed.

Board Member List, Service Term and Educational Background/Experience
Title Name Service Term Main Educational Background/Experience
Chairman KC Liu 3 years
  1. Founder of Advantech Co.,Ltd.
  2. Previous HP Taiwan Sales Engineer
  3. B.S. in Communication Engineering, National Chiao Tung University Biography
Director Advantech Foundation, Representative: Chaney Ho 3 years
  1. President of Advantech Co.,Ltd.
  2. HP Taiwan Engineer and Manager
  3. Tatung Institute of Technology, Taiwan
Director K and M Investment Co., Ltd. Representative: Wesley.Liu 3 years
  1. Advantech Sales Manager of Service IoT AIntercom region
  2. Johns Hopkins University GMBA
Director AIDC Investment Corp.
Representative : Donald Chang		 3 years
  1. President, 3M China Region
  2. Vice President, 3M Southeast Asia Region
  3. Bachelor Chemical Engineering, Chinese Culture University
Independent Director Jeff Chen 3 years
  1. Stanley Black and Decker, VP & President of Asia
  2. EMBA，Northwestern University
Independent Director Benson Liu 3 years
  1. Chairman and President of Bristol-Myers Squibb (Taiwan) Ltd.
  2. Master, International Business Administration, University of Northrop, USA
Independent Director Chan-Jane Lin 3 years
  1. Department of Accounting National Taiwan University- Professor
  2. Ph.D in Accounting University of Maryland