succession planning

Re-election of Directors

The Company established a Remuneration Committee in 2011 and an Audit Committee in 2017 to strengthen enterprise risk management and effectively perform the functions of directors. In addition to considering the professional background of the board members, the Company also emphasizes on diversity. The Board of Directors will be reelected upon the expiration of the term of office in 2023, and there will be two female board members with backgrounds spanning management, finance, law, industry, and academia, etc. The Company has also elected other professional managers to serve as members of the Board of Directors to provide professional insights to enhance operational decision-making.

Succession Planning

Founded in 1920 by the six brothers of the Hung family, Fwusow Industrial Co., Ltd. has reached the milestone of being a 100-year old company, and has always been guided by the philosophy of "Diligence and Trustworthy" in its management, and has also initiated a succession plan. In addition to possessing integrity, good moral character, optimistic attitude, and excellent ability, the successor should also be passionate about the company's operations and seek new ideas.

In order to achieve sustainable development, the company not only recruits excellent senior managers externally, but also trains them internally by regularly organizing various functions, professional education and training, and training camps for senior executives to strengthen managers' work functions, management, and leadership abilities. In recent years, the company has gradually introduced artificial intelligence, and is moving towards the direction of intelligent manufacturing and intelligent operation, and is organizing internal training courses on artificial intelligence to cultivate internal professionals in the area of AI. At the same time, we also send our senior managers to external training programs to meet the demand for future management succession.