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Article 9
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The powers of the shareholders meeting of a subsidiary of a securities and futures holding company shall be exercised by the board of directors, without regard to the provisions of the Company Act regarding shareholders meetings.
The directors and supervisors of a subsidiary as referred to in the preceding paragraph shall be appointed by the securities and futures holding company.
The securities and futures holding company shall adopt standards for and rules governing the appointment and compensation of its subsidiaries' directors and supervisors and shall apply to the Competent Authority for approval of those standards and rules and for any amendment thereto.
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