Taiwan Stock Exchange - Rules & Regulations Directory

Article NO. Content

Title:

Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies 

Amended Date: 2020.02.13 
Categories: Corporate Governance
Article 38
    If a resolution of the board of directors violates law, regulations or the company's articles of incorporation, then at the request of shareholders holding shares continuously for a year or an independent director, or at the notice of a supervisor to discontinue the implementation of the resolution, members of the board shall take appropriate measures or discontinue the implementation of such resolution as soon as possible.
    Upon discovering a likelihood that the company would suffer material injury, members of the board of directors shall immediately report to the audit committee, an independent director member of the audit committee, or a supervisor in accordance with the foregoing paragraph.
Data Source:Taiwan Stock Exchange - Rules & Regulations Directory
twse-regulation.twse.com.tw