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Article NO. Content


Corporate Governance Best-Practice Principles for Securities Firms  CH

Amended Date: 2021.01.06 (Articles 3, 3-1, 5, 6, 7, 10, 11, 22, 23, 24, 26, 28, 28-1, 28-2, 28-3, 31, 35, 37, 37-1, 39, 42, 46, 49, 57 amended,English version coming soon)
Current English version amended on 2019.01.14 
Categories: Corporate Governance
Article 42     A securities firm is advised to state in its articles of incorporation the adoption of the candidate nomination system for election of its supervisors in accordance with the regulations of the Company Act and it would be advisable that the qualifications, education and work background and the existence of any other matters set forth in Article 30 of the Company Act and Article 53 of the Securities and Exchange Act with respect to the candidates recommended by shareholders or directors be reviewed in advance, no additional supporting documents for other qualifications be required for no reason, and the review result thereof be provided to shareholders for their reference, so that qualified supervisors will be elected.
    Before submitting the list of supervisor candidates in accordance with the regulations, the board of directors shall carefully evaluate all matters relating to the qualifications listed in the preceding paragraph and if a candidate, when elected, will be willing to act as supervisor.