president of our company and a deputy manager of our Northern Taiwan Business Group from February 2006 to January 2008 and as the senior managing director of our Marketing Department from July 2004 to February 2006. He holds a Ph.D. degree in applied mathematics from National Chung-Hsing University. 

Shyang-Yih Chen  was an executive vice president and the manager of our Data Communications Business Group from September 2006 to March 2012. He served as an assistant vice president of our company and a deputy manager of our Data Communications Business Group from January 2005 to September 2006. Mr. Chen was the managing director of our Value-added System Department of our Data Communications Business Group from May 1997 to January 2005. Mr. Chen holds a master’s degree in electronic engineering from National Taiwan University. 

## B. Compensation 

The compensation plan for our directors and supervisors was approved at our annual general stockholders’ meeting in 2006. The adjustment in the fixed monthly income for the chairman of our board of directors and the president was approved by the board meeting in December 2011. 

● the chairman of our board of directors may receive a fixed monthly income of NT$330,000 and a non-fixed income, including but not limited to performance-related bonuses or other rewards, which may not exceed his fixed income. The chairman will not receive any additional compensation for his role as a director; 

● our president may receive a fixed monthly income of NT$311,700 and a non-fixed income, including but not limited to performance-related bonuses or other rewards, which may not exceed his fixed income. The president will not receive any additional compensation for his role as a director; 

● independent directors who concurrently serve in military, public office or hold teaching or administrative post may receive a fixed monthly compensation of NT$8,000, and those who do not concurrently serve in military or public office or hold teaching or administrative post may receive a monthly compensation of NT$50,000; 

● directors and supervisors who serve in military, public office or hold teaching or administrative post may receive a monthly compensation of NT$8,000, and those directors and supervisors who do not serve in military and public office or hold teaching or administrative post may receive a monthly compensation of NT$30,000; 

Any compensation above the stipulated amounts in the compensation plan for our directors and supervisors, including but not limited to profit-based bonuses, received by our directors and supervisors who are serving as representatives of the Ministry of Transportation and Communications or other legal persons will be collected by the Ministry of Transportation and Communications or the legal persons they represent, respectively. Our chairman, president, and labor representative to our board of directors—Shyue- Ching Lu, Shaio-Tung Chang, and Shih-Peng Tsai, respectively—do not receive monthly compensation for acting as our directors because they receive salaries as employees. 

The compensation plan was put into practice on January 1, 2006. The aggregate amount of compensation that we paid to our directors, supervisors and executive officers in 2010 and 2011 was NT$139,477,758 and NT$136,289,017 respectively. The aggregate amount of compensation in 2011 includes a NT$81,647,530 salary payment for directors, supervisors and executive officers, a NT$2,929,017 pension accrued for executive officers, a NT$44,446,400 bonus for directors and supervisors and a NT$7,266,070 bonus for executive officers and a labor union director. The 2011 bonus for our directors and supervisors may not exceed 0.2% of our distributable earnings and must be approved at our 2012 annual general stockholders’ meeting. See “Item 5. Operating and Financial Review and Prospects—Overview—Provisions for pension payments to our employees” and note 28 to our consolidated financial statements included elsewhere in this annual report for descriptions about our pension plans. 

Pursuant to R.O.C. disclosure rules, we have disclosed the compensation of our directors and supervisors and the compensation ranges of our senior management for the fiscal year ended December 31, 2011 as follows: 

