Mega Bank Annual Report 2017

11 Annual Report 2017 -11- III. Major Shareholders of the Institutional Shareholders As of December 31, 2017 Name of the Institutional Shareholders Top Shareholders (Percentage of Shares Ownership) Mega Financial Holding Co., Ltd. Ministry of Finance, R.O.C. (8.40%) National Development Fund, Executive Yuan, R.O.C. (6.11%) Chunghwa Post Co., Ltd. (3.56%) Fubon Life Insurance Co., Ltd. (3.46%) Cathay Life Insurance Co., Ltd. (2.63%) Bank of Taiwan Co., Ltd. (2.46%) China Life Insurance Co., Ltd. (1.81%) Nan Shan Life Insurance Co., Ltd. (1.73%) Pou Chen Corporation (1.40%) Vanguard Emerging Markets Stock Index Fund (1.36%) IV. Policies for Employees ’ compensation and directors ’ and supervisors ’ remuneration Employees ’ compensation and directors ’ and supervisors ’ remuneration are recognized as expenses and liabilities, provided that such recognition is required under legal obligation or constructive obligation and those amounts can be reliably estimated. Any difference between the resolved amounts and the subsequently actual distributed amounts is accounted for as changes in estimates. If employee compensation is distributed by shares, the Bank and its subsidiaries calculate the number of shares based on the closing price at the previous day of the Board of Directors ’ resolution day.