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Communication Status

To fully exercise independent directors’ authority, deeply understand Yang Ming’s business operations and make internal control system effective, Yang Ming has arranged independent meeting at least once per year for independent directors to communicate with chief auditor and certified public accountants accordingly except for audit committee meetings, other meetings or direct communications to comply with the principles of corporate governance and the independence of independent directors.


Communication Status between Independent Directors and Chief Auditor
The communication between independent directors and chief auditor functioned well. The major items of these communications in 2021 are as follows:
Date Communication Methods Major Items of the Communications Results
2021.01.27 The 354th Board Meeting ● Internal audit follow-up report for the 3rd quarter of 2020 Independent directors raised no objections
2021.02.23 The 355th Board Meeting ● Internal audit follow-up report for October 2020 Independent directors raised no objections
2021.03.17 The 57th Audit Committee Meeting ● Report on internal control system self-testing results and statement    of internal control system for the year 2020 Independent directors raised no objections
2021.03.25 The 356th Board Meeting ● Report on internal control system self-testing results and statement    of internal control system for the year 2020
● Internal audit follow-up report for November 2020
Independent directors raised no objections
2021.05.12 The 357th Board Meeting ● Internal audit follow-up report for December 2020 and January 2021 Independent directors raised no objections
2021.06.18 The 360th Board Meeting ● Internal audit follow-up report for February 2021 Independent directors raised no objections
2021.07.12 The 362nd Board Meeting ● Internal audit follow-up report for March 2021 Independent directors raised no objections
2021.07.28 Individual communication between independent directors and chief auditor ● Shareholders’ opinions on dischargement of legal representative as    director and equipment movement at Kaohsiung Wharf No. 120
● Development and investment for Yang Ming’s joint venture
● Consultant appointment for Yang Ming’s subsidiary
● Single fee for Yang Ming’s subsidiary
Follow-up according to independent directors’ suggestions
2021.08.12 The 363rd Board Meeting ● Internal audit follow-up report for April 2021 Independent directors raised no objections
2021.09.17 The 364th Board Meeting ● Internal audit follow-up report for May 2021 Independent directors raised no objections
2021.10.05 Individual communication between independent directors and chief auditor ● Shareholders’ opinions on equipment movement at Kaohsiung    Wharf No. 120
● Development and investment for Yang Ming’s joint venture
● Consultant appointment for Yang Ming’s subsidiary
● Single fee for Yang Ming’s subsidiary
Follow-up according to independent directors’ suggestions
2021.10.15 The 365th Board Meeting ● Internal audit follow-up report for June 2021 Independent directors raised no objections
2021.11.02 Individual communication between independent directors and chief auditor ● Internal audit report for the year of 2021
● Key work of internal audit for the year of 2022
Independent directors raised no objections
2021.11.02 The 66th Audit Committee Meeting ● Proposal of internal audit plan for the year of 2022 Independent directors raised no objections
2021.11.11 The 366th Board Meeting ● Proposal of internal audit plan for the year of 2022
● Internal audit follow-up report for July 2021
Independent directors raised no objections
2021.12.17 The 367th Board Meeting ● Internal audit follow-up report for August and September 2021 Independent directors raised no objections
2021.12.20 Individual communication between independent directors and chief auditor ● Shareholders’ opinions on equipment movement at Kaohsiung    Wharf No. 120
● Development and investment for Yang Ming’s joint venture
● Consultant appointment for Yang Ming’s subsidiary
● Single fee for Yang Ming’s subsidiary
Follow-up according to independent directors’ suggestions


Communication Status between Independent Directors and Certified Public Accountants
The communication between independent directors and certified public accountants functioned well. The major items of these communications in 2021 are as follows:
Date Communication Methods Major Items of the Communications Results
2021.03.17 Individual communication between independent directors and certified public accountants ● Audit method and opinion on the financial statements for the year of    2020
● Key audit items
● Regulatory developments
Independent directors raised no objections
2021.03.17 The 57th Audit Committee Meeting ● Financial statements for the year of 2020
● Key audit items
● Regulatory developments
Independent directors raised no objections
2021.03.25 The 356th Board Meeting Independent directors raised no objections
2021.05.12 Individual communication between independent directors and certified public accountants ● Audit method, range and conclusion on the financial statements for    the 1st quarter of 2021
● Key accounting items
● Regulatory developments
Independent directors raised no objections
2021.05.12 The 357th Board Meeting ● Consolidated financial statements for the 1st quarter of 2021 Independent directors raised no objections
2021.08.12 Individual communication between independent directors and certified public accountants ● Audit method, range and conclusion on the financial statements for    the 2nd quarter of 2021
● Key accounting items
Independent directors raised no objections
2021.08.12 The 363rd Board Meeting ● Consolidated financial statements for the 2nd quarter of 2021 Independent directors raised no objections
2021.11.11 Individual communication between independent directors and certified public accountants ● Audit method, range and conclusion on the financial statements for    the 3rd quarter of 2021
● Key accounting items
Independent directors raised no objections
2021.11.11 The 366th Board Meeting ● Consolidated financial statements for the 3rd quarter of 2021 Independent directors raised no objections