The internal audit department is established under the board of the directors of the company. The internal audit officer is leading an internal audit team composed of 8 full time staffs.
According to Article 3 of the Company’s Corporate Governance Best-Practice Principles-- Appointment, dismissal, evaluation and review, salary and compensation of internal auditors of the company shall be reported to the board of directors or shall be submitted by the internal audit officer to the board chairman for approval.
In practice, the company follows related policies and regulations of recruitment and employment, employee performance evaluation, compensation, etc. The recruitment and staffing, performance evaluation, compensations of internal auditors shall be submitted by the internal audit officer to the board chairman for approval.