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Article 27
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For the purpose of developing monitoring functions and strengthening management mechanisms, the board of directors of a securities firm may, taking into account the size of the company, nature of business and the number of board directors, set up audit, compensation and remuneration, risk management, nomination, any other functional committees, and may set up environmental protection, corporate social responsibility, sustainability, or other committees or task forces based on the philosophy of corporate social responsibility and sustainable operation, carry out periodic analysis and evaluation of the matters listed below, formulate countermeasures and present them to the board of directors, and expressly provide for them in the articles of incorporation:
- Environmental, social, and corporate governance related risks pertaining to the company's operations.
- Business continuity and resilience of core operating systems and equipment.
The functional committees or task forces in the preceding paragraph shall be responsible to the board of directors and submit the proposals to the board of directors for approval. The above requirements, however, shall not apply when the audit committee is exercising the powers of supervisors in accordance with the Securities and Exchange Act, the Company Act and other laws.
Functional committees or task forces shall adopt organizational regulations to be resolved and approved by the board of directors. The organizational regulations should cover at least the number of members in the committee, terms of office, duties and authorities, meeting proceedings, and what resources to be provided by the company to support their exercise of duties.
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