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Amendments

Title：

Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings  CH

Amended Date： 2024.03.11 (Articles 6-2 amended,English version coming soon)
Current English version amended on 2023.09.05 
Categories： Primary Market > Review
Article Content Content Search Article No. Search Legal Basis Amended Article Legislative History Chinese

Title： Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings(2008.03.13)
Date：
Article 17 The phrase "the board of directors or any supervisor(s) are unable to independently exercise their functions" as used in Article 9, paragraph 1, subparagraph 9 of the Rules means none of the following circumstances may be present:
1. A person serving as an independent director of the applicant company fails to satisfy any prerequisite set forth in the Regulations Governing Appointment of Independent Directors and Compliance Matters for Public Companies.
2. Where a person serving as independent director of the applicant company has failed to receive training of three [course] hours per year to acquire professional knowledge in the areas of law, finance, or accounting and obtain relevant certification documents issued from any of the continuing education systems under (i), (ii), and (iv) of 3.(4) of the Rules Governing Implementation of Continuing Education for Directors and Supervisors of Exchange-Listed and OTC-Listed Companies.
3. Where more than one-half of the directors of the applicant company are mutually related, or all supervisors are mutually related to one another or related to any member of the board of directors, in any of the following ways:
(1) Spouses;
(2) Lineal relatives within the second degree of kinship;
(3) Collateral relatives within the third degree of kinship; or
(4) Representatives of the same juristic person.
The provisions of subparagraph 3 of the preceding paragraph shall also apply where the government or a juristic person is the shareholder, and in its capacity as government or juristic person is elected as director or supervisor and designates a natural person as representative to exercise those functions on its behalf, and shall also apply to representatives who, in that capacity, are elected to serve as director or supervisor.
The provisions of subparagraph 3 of paragraph 1 shall not apply when the relationship set out in item 4 of that subparagraph exist between more than half of the directors or all of the supervisors and with the approval of the competent authority for the relevant industry.