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Article NO. Content


Taiwan Stock Exchange Corporation Operation Directions for Compliance with the Establishment of Board of Directors by TWSE Listed Companies and the Board's Exercise of Powers  CH

Amended Date: 2020.01.02 (Articles 4, 8, 15, 20, 23, 27 amended,English version coming soon)
Current English version amended on 2018.12.27 
Categories: Primary Market > Review
Corporate Governance
Article 4     The minimum number of members of the board of a TWSE listed company is five, and the minimum number of independent directors is two or one fifth of the seats in the board, except for listed companies that are required to establish an audit committee under the Securities and Exchange Act, regulations of the competent authorities, and rules of the TWSE, in which case the minimum number of independent directors is three.