Asus 2009 Annual Report Download - page 33

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29
(III) Corporate governance and the deviation from the Rules Governing Listed & OTC corporate governance and the causes
Item Operation Deviation from the Rules Governing Listed
& OTC corporate governance and the causes
1. Equity structure and shareholders’ equity
(1) The way the company processes the suggestion and
disputes of shareholders
(2) The main shareholders of the company and the responsible
personnel of the main shareholders
(3) The company establishes the business risk control
mechanism and firewall with the related party
1. The spokesman is designated. Stock agent is to process stock affairs.
2. The main shareholders of the company and the responsible personnel
of the main shareholders are in the shareholders’ roster and the
company is to have a good relation kept with them.
3. The company has established risk control mechanism and firewall in
accordance with the “Corporate Governance Law of Subsidiary,”
“Loans and Endorsement and Guarantee Procedures,” and “Assets
Acquisition and/or Disposition Procedure.”
No deviation
No deviation
No deviation
2. The formation and the responsibility of the board of directors
(1) The independent directors of the company
(2) Evaluate the independence of the independent auditor
periodically
1. Not yet setup
2. The CPA’ s independence must be evaluated periodically. The
company’ s Board of Directors has the CPAs contracted.
Under consideration
No deviation
3. Establish a communication channel with the related party There are proper communication channels available by phone and
e-mail.
No deviation
4. Publication of information
(1) The company has a website setup to disclose financial
information and business management
(2) The company has adopted other information disclosure
methods (for example, setup website in English, designate
personnel to collect and disclose information of the
company, substantiate the spokesman system, and publish
the public offering meeting on the website)
1. The company has a website (http://www.asus.com) setup to disclose
financial information and business management (relationship with
investors) and to explain the corporate governance of the company
to the investors in the shareholders meeting and public offering
meeting.
2. Designate personnel to collect and disclose information of the
company; also, substantiate the spokespersons system to
communicate to the public.
No deviation
No deviation
5. The operation of the company’ s nomination, remuneration,
and other functional committees
The company has not had a nomination or remuneration committee
organized.
Under consideration