Board of Directors

Introduction

Our Board of Directors consists of seven highly experienced and knowledgeable directors, including three independent directors. To strengthen management functions, the "Audit Committee" and "Remuneration Committee" are established under the Board. Both functional committees are composed entirely of independent directors. The three independent directors possess extensive expertise in finance and hotel operations, bringing the necessary knowledge, skills, and professionalism required for their roles. Led by the Chairman and the President, the team at The Landis Taipei adheres to our four core service spirits and five key steps (Heart, Sincerity, Professionalism, Inquiry, and Farewell) to ensure every guest receives professional and heartfelt service, thereby leading the company to maximize shareholder value.

The Company has established "Procedures for Election of Directors", stipulating a candidate nomination system for all director elections. To implement corporate governance and enhance the functions of the Board, "Regulations for Board Performance Evaluation" have been established in accordance with Article 37 of the Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies.

In accordance with Article 20, Paragraph 3 of the Company's "Corporate Governance Best-Practice Principles", the composition of the Board of Directors shall consider diversity, such as different professional backgrounds, work fields, or gender, as well as the knowledge, skills, and literacy necessary for performing their duties. To achieve the ideal goals of corporate governance, the Board of Directors as a whole should possess the following abilities:

1. Operational Judgment

2. Accounting and Financial Analysis Ability

3. Management Ability

4. Crisis Management Ability

5. Industry Knowledge

6. Global Market Perspective

7. Leadership

8. Decision-Making Ability

Board Members

Board Diversity and Independence

1. Board diversity：
   1. Diversity Policy：
      To strengthen corporate governance and establish a sound board structure, the Company specifies in its "Corporate Governance Best Practice Principles" and "Rules for Election of Directors" that the composition of the Board of Directors shall consider diversity. In addition to the requirement that directors concurrently serving as company managers should not exceed one-third of the board seats, an appropriate diversity policy should be formulated based on operations, business models, and developmental needs. This includes, but is not limited to, two major dimensions: basic criteria and values (gender, age, nationality, and culture, etc.), and professional knowledge and skills (hospitality industry knowledge, operational judgment, accounting and financial analysis, business management, crisis management, international market perspective, leadership, decision-making abilities, etc.).
   2. Specific Management Objectives：
      The Board of Directors of the Company shall guide corporate strategy, supervise management, and be accountable to the Company and its shareholders. The operations and arrangements of its corporate governance system shall ensure that the Board exercises its powers in accordance with laws, the Articles of Incorporation, or resolutions of the shareholders' meeting. All board members possess the necessary knowledge, skills, literacy, industry decision-making, and management capabilities to execute their duties. The Company continuously arranges diverse training courses for board members to improve decision-making quality, fulfill supervisory responsibilities, and strengthen board functions. Furthermore, the Company values gender equality in board composition, aiming for at least one female director at the current stage.
   3. The Implementation of Board Diversity Among Current Members is as Follows
      The Company's current Board of Directors consists of 6 directors, including 3 independent directors and 3 corporate representative directors. There are 3 independent directors (accounting for 50%); and the goal of having 2 female directors will be surpassed in the 2025 board election. For details on the implementation of diversity, please refer to page 9 of the 2024 Annual Report, "Implementation of Board Diversity Policy by Individual Directors".
      
      
2. Board Independence:
   The Company has 3 independent directors, accounting for 50% of the entire Board. To ensure independent directors can exercise their duties objectively and avoid diminished independence due to long tenure, none of the elected independent directors have served continuously for more than 9 years. The 3 independent directors have expertise spanning finance and hotel operations. For the professional qualifications and independence of individual directors, please refer to page 6 of the 2024 Annual Report, "Disclosure of Directors' Professional Qualifications and Independent Directors' Independence." The 3 independent directors signed relevant declarations confirming their qualifications before nomination and after election, and the Company regularly reviews the independence of directors every year. It has been confirmed that all independent directors meet the independence qualifications, and no directors of the Company are spouses or relatives within the second degree of kinship. In summary, the Company's Board of Directors possesses independence, diversity, and professionalism.

Board Operations