6. For Audit committee meetings, the testing found that audit committee
meetings impacted on the performance in terms of market capitalization. The research
results indicated that the Audit committee meetings set at least four times a year or
more would result in good corporate governance (Bedard, Chtourou, & Courteau,
2004). The research results found by Jenny and Lois (2007) demonstrated that Audit
committee meetings affected the quality of the audit and impacted on the company’s
performance. The frequency should not be too many or too little and the appropriate
frequency of the audit committee meetings should be between two and six meetings
per year. Moreover, the researchers found that the most appropriate frequency is four
times a year. On the contrary, the research results showed that the Audit committee
meetings had no impact on return on assets, return on equity, earnings per share and
market share, which might be because the investors gave little attention to such
information.