HTC 2007 Annual Report Download - page 39

THE CORPORATE GOVERNANCE REPORT
7372
App e nd i x 2 : Con t i nu i ng Edu c a t i on/Tr a i n i ng o f M a n a g e m e n t T ea m
Title Name Date of Training Organization Training/Speech Title Hours
Accounting Director Clement Lin 09/21/2007 Accounting Research and Training certification associated with the competent 6
Development Foundation in Taiwan authority's 2008 implementation of laws related to the
expensing of employee profit sharing contributions;
response strategies for accounting treatment and practice
11/23/2007 Financial Supervisory Commission, Accounting treatment and disclosure and presentation 6
Executive Yuan, R.O.C. of financial instruments (Statement of Financial
Accounting Standards No. 34 and No. 36)
02/27/2008 Winkler Partners Responsibilities and Restrictions on Directors, 2
Supervisors, and Managers in a Public Company
Internal Audit Director Vincent Tseng 09/07/2007 the Institute of Internal Auditors Training certification associated with Techniques for the 3
Use of Statistical Sampling in Conducting Audits
09/19/2007 Accounting Research and Procedural Management and Supervisory Practices for 6
Development Foundation in Taiwan the Board of Directors Meetings of Public Companies
11/02/2007 Financial Supervisory Commission, Enterprise Internal Control Systems In-Service Training 6
Executive Yuan, R.O.C. Seminar: Risk Assessment Practices
02/27/2008 Winkler Partners Responsibilities and Restrictions on Directors, 2
Supervisors, and Managers in a Public Company
Chief Operating Officer Fred Liu
Chief Financial Officer Hui-Ming Cheng
& Spokesman
Vice President Jim Lin
Vice President KH Tung
Executive Vice President Jason Juang
Vice President Johnson Sher 02/27/2008 Winkler Partners Responsibilities and Restrictions on Directors, 2
Vice President Jack Tong Supervisors, and Managers in a Public Company
Vice President CS Wang
Associate Vice President Andy Chen
General Counsel Grace Lei
Chief Marketing Officer John Wang
Chief Innovation Officer Horace Luke
Chief Information Officer Eric Chou
(4) F or Th e S t a t us o f Th e HTC s Corpor a t e Gov e rn a n c e
P l ea s e r e f e r t o our w e bs i t e a t www.h t c . c om.
(5) O t h e r i mpor t a n t i n f orm a t i on h e l p f u l t o und e rs t a nd i ng t h e c omp a ny's c orpor a t e gov e rn a n c e m a y
a l so b e d i s c l os e d.
(6) Th e s e c t i on on t h e s t a t e o f i mp l e m e n t a t i on o f t h e c omp a ny's i n t e rn a l c on t ro l sys t e m sh a ll
f urn i sh t h e f o ll ow i ng :
CORPORATE G OVERNA NCE l APPENDIX 2 l INTERNAL CONTROL l
IV
>A S t a t e m e n t on In t e rn a l Con t ro l .
The Company states the following with regard to its internal control system during the period from 1/1/2007 to
12/31/2007, based on the findings of a self-evaluation:
1. The Company is fully aware that establishing,
operating, and maintaining an internal control
system are the responsibility of its Board of
Directors and management. The Company has
established such a system aimed at providing
reasonable assurance of the achievement of
objectives in the effectiveness and efficiency of
operations (including profits, performance, and
safeguard of asset security), reliability of
financial reporting, and compliance with
applicable laws and regulations.
2. An internal control system has inherent
limitations. No matter how perfectly designed, an
effective internal control system can provide only
reasonable assurance of accomplishing the
three goals mentioned above. Furthermore, the
effectiveness of an internal control system may
change along with changes in environment or
circumstances. The internal control system of the
Company contains self-monitoring mechanisms,
however, and the Company takes corrective
actions as soon as a deficiency is identified.
3. The Company judges the design and operating
effectiveness of its internal control system based
on the criteria provided in the Regulations
Governing the Establishment of Internal Control
Systems by Public Companies promulgated by
the Financial Supervisory Commission,
Executive Yuan (hereinbelow, the "Regulations").
The internal control system judgment criteria
adopted by the Regulations divide internal
control into five elements based on the process of
management control: 1. control environment 2.
risk assessment 3. control activities 4. information
and communications 5. monitoring. Each element
further contains several items. Please refer to the
Regulations for details.
4. The Company has evaluated the design and
operating effectiveness of its internal control
system according to the aforesaid criteria.
5. Based on the findings of the evaluation mentioned
in the preceding paragraph, the Company
believes that during the stated time period its
internal control system (including its supervision
of subsidiaries), encompassing internal controls
for knowledge of the degree of achievement of
operational effectiveness and efficiency
objectives, reliability of financial reporting, and
compliance with applicable laws and regulations,
was effectively designed and operating, and
reasonably assured the achievement of the
above-stated objectives.
6. This Statement will become a major part of the
content of the Company's Annual Report and
Prospectus, and will be made public. Any
falsehood, concealment, or other illegality in the
content made public will entail legal liability under
Articles 20, 32, 171, and 174 of the Securities
and Exchange Law.
7. This statement has been passed by the Board of
Directors Meeting of the Company held on
4/25/2008, where all of the five attending
directors affirmed the content of this Statement.
H I G H T E C H C O M P U T E R C O R P.
INTERNAL CONTROL SYSTEM STATEMENT
Date 4/25/ 2008
High Tech Computer Corp. Chairman: Cher Wang President: Peter Chou
>Wh e r e a CPA h a s b ee n h i r e d t o c a rry ou t a sp e c i a l a ud i t o f t h e i n t e rn a l c on t ro l sys t e m, f urn i sh t h e CPA a ud i t r e por t :
None