Taiwan Stock Exchange - Rules & Regulations Directory
Article NO. Content
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.
Where the chairman of the board of directors and the president or person of an equivalent post of a TWSE listed company are the same person, spouses or relations within the first degree of kinship, not less than four independent directors shall be established before 31 December 2023, provided where the number of directorships exceeds 15, the minimum number of independent directors is five, and there shall be a majority of directors who do not serve concurrently as an employee or officer.