An independent director of a public company shall meet one of the following professional qualification requirements, together with at least five years work experience:
A person to whom any of the following circumstances applies may not serve as an independent director, or if already serving in such capacity, shall ipso facto be dismissed:
- An instructor or higher in a department of commerce, law, finance, accounting, or other academic department related to the business needs of the company in a public or private junior college, college, or university;
- A judge, public prosecutor, attorney, certified public accountant, or other professional or technical specialist who has passed a national examination and been awarded a certificate in a profession necessary for the business of the company.
- Have work experience in the area of commerce, law, finance, or accounting, or otherwise necessary for the business of the company.
- Any of the circumstances in the subparagraphs of Article 30 of the Company Act.
- Elected in the capacity of the government, a juristic person, or a representative thereof, as provided in Article 27 of the Company Act.
- Any violation of the independent director qualification requirements set out in these Regulations.