▊ Organization
▊ Board of Directors
The Board consists of nine directors with professional qualifications and working experience and attends by three supervisors with professional backgrounds. The elected directors are all performing duties and maintaining interests of Company and shareholders in accordance with relevant laws and requirements of the Articles of Incorporation, and make prudent assessment and decision making concerning operational strategy and direction for the company to improve corporate performance, and ensure interests of shareholders.
▊ Audit Committee
The Audit Committee of the Board of Directors assists the Board in fulfilling its responsibility and duty for oversight of the Company Act, Securities and Exchange Act, and such other related laws and regulations. The committee’s purpose is to review and assess the qualitative aspects of financial reports, the registered accounting firm’s selection, independence and qualifications, the effectiveness of the systems of internal control, the company’s compliance with significant applicable legal and regulatory requirements and the Company's exiting or potential risk management.
The Audit Committee meets regularly each quarter. The Committee is empowered by its Charter to conduct any study or investigation it deems appropriate to fulfill its responsibilities. It can invite the Company's management team, internal auditors, the Company's independent external auditors, and all employees of the Company to join the meeting.
▊ Compensation Committee
In view of the compensation program is as an important aspect of corporate governance and risk management. The Board of TSTI will establish the Compensation Committee and approve the Compensation Committee Charter in December 2011 for intensifying corporate governance and consolidating the director and executive compensation programs.
