Results of the 2025 Board of Directors Performance Evaluation
Century Iron & Steel Industrial Co., Ltd.
Results of the 2025 Board of Directors Performance Evaluation
In order to implement corporate governance and enhance the function of the Board of Directors, the Company conducts a performance evaluation in accordance with the “Board Performance Evaluation Measures”. At the end of each fiscal year, the overall performance of the Board, individual directors, and functional committees are assessed to serve as a reference for review and improvement.
The Company completed the annual Board performance evaluation in January 2026 and submitted the results to the Board of Directors on 28 January 2026.
I. Evaluation Frequency: Conducted annually.
II. Evaluation Period: January 1, 2025 to December 31, 2025.
III. Scope: Overall Board of Directors, individual directors, and functional committees.
IV. Evaluation Method:
The evaluation is conducted through self-assessments by the directors and the relevant members of the functional committees under the Board of Directors, using the “Board Performance Self-Assessment Questionnaire,” the “Individual Director Performance Self-Assessment Questionnaire,” and the “Functional Committee Performance Self-Assessment Questionnaire,” respectively.
V. Evaluation Results:
Overall Board Performance
The average scores across five key dimensions all exceeded 4.9 points, The overall evaluation results were favorable.
Evaluation items | Average Score |
A. Level of involvement in company operations | 4.98 |
B. Improve board decision quality | 4.84 |
C. Board composition and structure | 4.89 |
D. Directors’ expertise and ongoing professional development development DirectoappointmentandddfffopPongoindevelopment | 4.96 |
E. Internal control | 4.88 |
Total/Average Score | 4.91 |
Evaluation scale: 0–5 points, with 5 as the highest score.
2. Individual Director Performance
The average scores across six key dimensions all exceeded 4.8 points, The overall evaluation results were favorable.
Evaluation items | Average Score |
A. Understanding of company objectives and mission | 4.89 |
B. Board members’ awareness of responsibilities | 5.00 |
C. Level of involvement in company operations | 4.84 |
D. Internal relationship management and communication | 4.89 |
E. Directors’ expertise and ongoing professional development | 4.94 |
F. Internal Control | 4.72 |
Total/Average Score | 4.88 |
Evaluation scale: 0–5 points, with 5 as the highest score.
Audit Committee Performance
The average scores across seven key dimensions all exceeded 4.9 points, The overall evaluation results were favorable.
Evaluation items | Average Score |
A. Understanding of company objectives and mission | 4.92 |
B. Audit Committee’s awareness of responsibilities | 5.00 |
C. Level of involvement in company operations | 5.00 |
D. Enhance the decision-making quality of the Audit Committee | 5.00 |
E. Appointment of Audit Committee Members | 5.00 |
F. Expertise of Audit Committee Members | 5.00 |
G. Internal Control | 4.87 |
Total/Average Score | 4.97 |
Evaluation scale: 0–5 points, with 5 as the highest score.
Remuneration Committee Performance
The average scores across four key dimensions all exceeded 4.9 points, The overall evaluation results were favorable.
Overall average score: 4.98.
Evaluation scale: 0–5 points, with 5 as the highest score.
Evaluation items | Average Score |
A. Level of participation in company operations | 5.00 |
B. Enhance the decision-making quality of the Compensation Committee | 4.95 |
C. Appointment of Compensation Committee Members | 5.00 |
D. Internal Control | 5.00 |
Total/Average Score | 4.98 |
Evaluation scale: 0–5 points, with 5 as the highest score.