Mega Bank Annual Report 2017

14 Mega Bank -14- Evaluation Item Implementation Status Yes No Abstract Illustration regulations issued by Financial Supervisory Commission, a company 100% owned by a financial holding company may choose to set up an audit committee or appoint supervisors, and the Bank has adopted the latter. The Bank ’ s supervisors may communicate with the Bank ’ s employees, head of internal audit and shareholders at any time, and convene supervisors meetings from time to time, with the attendance of a CPA where necessary. „ The Bank has 16 committees, and the board of directors is in charge of the Risk Management Committee, Compliance Committee, Compliance Action Committee, and Ethical Management Committee. 2. Does the Bank regularly evaluate the independence of CPAs? 3 „ When appointing a CPA, the Bank shall assess its independence and request it to provide “ Independence Declaration on the Auditing and Attestation of Financial Report by the Certified Public Accountant ” . C. If the Bank is a listed or OTC company, is it required to set up dedicated (non-dedicated) unit or personnel in charge of matters related to corporate governance? 3 „ The Bank is a 100% owned subsidiary of Mega FHC, and is not listed on Taiwan Stock Exchange or Taipei Exchange. However, the Bank ’ s General Affairs and Occupational Safety & Health Department is in charge of matters related to company registration and registration change. The office of the board of directors is in charge of matters related to the board of directors meetings, and providing information regarding professional practice to directors and supervisors. D. Does the Bank establish a communication channel with interested parties? 3 „ The Bank has diverse communication channels with interested parties such as customers, employees, suppliers, community residents, etc. These parties may contact the Bank through the 24- hour customer hotline or public website; or may communicate with the Bank through letter or meeting. Also, a labor union bulletin in the Bank’s intranet allows employees to express their opinions. „ In terms of communicating with interested parties defined in The Banking Act and Financial Holding Company Act, the Bank ’ s Head Office request all unites to provide the interested parties list according to The Banking Act of The Republic of China and Financial Holding Company Act to related interested parties for confirmation. Upon confirmation by the related interested parties, the interested parties profile shall be maintained in the Bank's e- Loan System and Mega Financial Holding Company's network information system. Should there be any change in the duties of the interested parties, the person concerned shall be communicated, and the profile updated immediately. E. Information Disclosure 1. Does the Bank have a corporate website to disclose both financial standings and the status of corporate governance? 3 „ The Bank ’ s official website (https://www.megabank.com.tw) is maintained by dedicated personnels regularly to disclose information regarding the Bank ’ s business, financials and corporate governance. 2. Does the Bank have other information disclosure channels (e.g. building an English website, appointing designated people to handle information collection and disclosure, creating a 3 „ The Bank ’ s official website has an English version, https://www.megabank.com.tw/en/. If there ’ s information needed to be made public in accordance with the relevant laws and regulations, the Bank shall, within the legal time limit, designate a personnel to report and disclose immediately. „ T he Bank has established “Procedures for Releasing Information by Spokesperso n and Acting Spokesperson”. The Spokesperson