The Remuneration Committee
The duty of the Remuneration Committee is to assess the directors’ and managerial officers’ remuneration policy and system from a professional and objective perspective and to make suggestions to the Board of Directors as a reference for decision-making. The Committee meets at least twice a year.
The Audit Committee
The duty of the Audit Committee is to assist the Board in its oversight responsibilities and in its responsibilities under the Companies Act, the Securities and Exchange Act and other laws and regulations.
The Audit Committee has the authority to conduct any appropriate audit within its responsibilities and has direct links with internal auditors, visa accountants and all employees. The Committee is authorized to retain and oversee special legal, accounting, or other consultants as it deems appropriate to fulfill its mandate.
The Audit Committee meets at least once every quarter.
Internal Audit
Internal Audit of B'IN LIVE is an independent unit within the company that directly reports to the Board of Directors. In addition to regular reporting at Board meetings, it also provides reports to the Chairman on a quarterly basis or when necessary.
The appointment and dismissal of the internal audit manager require the approval of the Audit Committee and submission to the board of directors for resolution. The appointment, assessment, and salary of internal audit personnel are signed by the internal audit manager and approved by the chairman.
The Internal Audit procedures define the internal controls for reviewing the company’s operational procedures, assessing the appropriateness and effectiveness of such controls, and ensuring efficiency. The scope of review covers all units and subsidiaries of the company.
The audit work is primarily based on the approved audit plan by the Board, which is developed based on identified risks. In addition to routine audits, project audits or reviews are conducted as needed. Through these general and project-specific audits, the Internal Audit provides management with insights into the functioning of internal control and timely information on any existing or potential deficiencies.
Internal Audit also reviews the self-inspections conducted by various units and subsidiaries of the company to ensure the quality and execution of their operations. The results of these self-inspections are consolidated and reported to the Audit Committee and the Board.
Communication between the independent directors and the internal audit supervisor and the CPA:
(1) There are direct channels of communication for independent directors, internal audit supervisors, and certifying accountants, and the communication outcome is good.
(2) The internal audit supervisor conducts audits on a monthly basis according to the annual audit plan. The audit report is submitted to the independent directors periodically before the end of the next month after completion. There is no objection from the independent directors.
(3) When reviewing the financial report, the independent directors communicated and discussed thoroughly with the CPA regarding the financial and business-related issues in the financial statements. The communication is summarized as follows:
Date
Meeting
Communication Party
Major Matters Discussed
Suggestion and Implementation Status
2023.03.22
Other forms of meeting
Certified public accountant
1. Key audit matters
2. Audit results of 2023 consolidated financial statements
3. The application of The International Ethics Standards Board for Accountants (IESBA).
4. 2021 Audit Quality Indicators (AQI) Report.
Acknowledged
2023.03.22
Board of Directors
Internal audit supervisor
1. Summary report of 2023 Q4 audit operations
2. 2023 “Statement of Declaration for Internal Control System”
Acknowledged
2023.05.04
Board of Directors
Internal audit supervisor
Summary report of 2023 Q1 audit operations
Acknowledged
2023.08.09
Board of Directors
Internal audit supervisor
Summary report of 2023 Q2 audit operations
Acknowledged
2023.11.09
Other forms of meeting
Certified public accountant
Key audit matters
Acknowledged
2023.11.09
Board of Directors
Internal audit supervisor
Summary report of 2023 Q3 audit operations
Acknowledged
2024.03.06
Other forms of meeting
Certified public accountant
1. Key audit matters
2. Audit results of 2023 consolidated financial statements
3. The application of The International Ethics Standards Board for Accountants (IESBA).
4. 2022 Audit Quality Indicators (AQI) Report.
Acknowledged
2024.03.06
Board of Directors
Internal audit supervisor
1. Summary report of 2023 Q4 audit operations
2. 2023 “Statement of Declaration for Internal Control System” (AQI) Report.
Acknowledged
2024.05.08
Board of Directors
Internal audit supervisor
Summary report of 2024 Q1 audit operations
Acknowledged
2024.08.07
Board of Directors
Internal audit supervisor
Summary report of 2024 Q2 audit operations
Acknowledged
2024.11.06
Other forms of meeting
Certified public accountant
Key audit matters
Acknowledged
2024.11.06
Board of Directors
Internal audit supervisor
Summary report of 2024 Q3 audit operations
Acknowledged
2025.03.12
Other forms of meeting
Certified public accountant
1. Key audit matters
2. Audit results of 2024 consolidated financial statements
3. 2023 Audit Quality Indicators (AQI) Report.
Acknowledged
2025.03.12
Board of Directors
Internal audit supervisor
1. Summary report of 2024 Q4 audit operations
2. 2024 “Statement of Declaration for Internal Control System”
(AQI) Report.
Acknowledged
2025.05.07
Board of Directors
Internal audit supervisor
Summary report of 2025 Q1 audit operations
Acknowledged