Remuneration Committee
The Remuneration Committee assists the Board in discharging its responsibilities related to MediaTek's performance evaluation of directors and executives, the remuneration and benefit policies, rules, standards and structure, as well as the assessment of the remuneration and benefit for directors and executives.
According to MediaTek’s Remuneration Committee Charter, the members of the Remuneration Committee are appointed by the Board and the Remuneration Committee shall consist of no fewer than three members. The Company has elected independent directors as required by Taiwan (R.O.C.) law, and there should be at least one independent director sitting on the Remuneration Committee. The Remuneration Committee meets at least twice a year. Please consult MediaTek’s annual report for the relevant year for the number of meetings convened and each member’s attendance rate.
Remuneration Committee Membership
Title |
Name |
Date Elected |
Selected Education & Past Positions |
|---|---|---|---|
Convener and Chairperson |
Peng-Heng Chang |
June 13, 2024 |
- Ph.D., Materials Engineering, Purdue University - VP, Human Resources / Materials Management & Risk Management, TSMC - Chairman, Motech Industries, Inc. |
Member |
Chung-Yu Wu |
June 13, 2024 |
- Ph.D., Electronics Engineering, National Chiao Tung University - President, National Chiao Tung University |
Member |
Ji-Ren Lee |
June 13, 2024 |
- Ph.D., Strategic Management, University of Illinois at Urbana Champaign - Executive Director, EMBA Program, National Taiwan University - Associate Dean, College of Management, National Taiwan University - Professor, Department of International Business, National Taiwan University |
Operation of Remuneration Committee
Summary of the members’ attendance is shown in the following table：
Year |
Title |
Name |
Attendance in Person |
Attendance Rate in Person (%) |
|---|---|---|---|---|
| 2020 | Convener and Chairperson | Peng-Heng Chang | 2 | 100% |
| 2020 | Member | Chung-Yu Wu | 2 | 100% |
| 2020 | Member | Ji-Ren Lee | 2 | 100% |
| 2021 | Convener and Chairperson | Peng-Heng Chang | 3 | 100% |
| 2021 | Member | Chung-Yu Wu | 3 | 100% |
| 2021 | Member | Ji-Ren Lee | 3 | 100% |
| 2022 | Convener and Chairperson | Peng-Heng Chang | 3 | 100% |
| 2022 | Member | Chung-Yu Wu | 3 | 100% |
| 2022 | Member | Ji-Ren Lee | 3 | 100% |
| 2023 | Convener and Chairperson | Peng-Heng Chang | 2 | 100% |
| 2023 | Member | Chung-Yu Wu | 2 | 100% |
| 2023 | Member | Ji-Ren Lee | 2 | 100% |
Summary of the meeting agenda and result is shown in the following table：
Date |
Meeting |
Meeting Agenda |
Resolution |
|---|---|---|---|
| 2020.02.05 | The 4th meeting of the 4th Committee | Key managers’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2020.03.19 | The 5th meeting of the 4th Committee | Directors’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2021.01.26 | The 6th meeting of the 4th Committee | Key managers’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2021.03.18 | The 7th meeting of the 4th Committee | Directors’ remuneration and issuance of restricted stock award | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2021.08.13 | The 1st meeting of the 5th Committee | Key Managers’ stock remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2022.01.25 | The 2nd meeting of the 5th Committee | Key managers’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2022.03.15 | The 3rd meeting of the 5th Committee | Directors’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2022.07.27 | The 4th meeting of the 5th Committee | Executive officer stock ownership guideline and implementing rules、Revisit key managers’ remuneration、Directors’ remuneration structure and standard | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2023.02.01 | The 5th meeting of the 5th Committee | Key managers’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
| 2023.02.23 | The 6th meeting of the 5th Committee | Directors’ remuneration | Approved by all attending members of the committee and all attending directors in the board of director meetings |
Executive Officer Stock Ownership Guidelines
To further align the executive officers’ interests with the long-term interests of MediaTek’s shareholders and to promote MediaTek’s commitment to sustainable development, MEDIATEK INC. EXECUTIVE OFFICER STOCK OWNERSHIP GUIDELINES have been adopted by the Board in 2022. All MediaTek executive officers shall own a certain amount of MediaTek common shares equivalent to a multiple of their annual base salary for as long as they serve as an executive officer of MediaTek. Executive officers shall meet the guidelines within three years after appointed by Board as an executive officer.