Board of Directors, Supervisors & Committees
The equity of the Taiwan Futures Exchange Corporation is equally split among four industries: securities, futures, banking, and securities/futures-related institutions. Pursuant to the Futures Trading Act, each shareholder may hold no more than 5% of TAIFEX’s outstanding shares unless given explicit FSC approval to do so. Since the Articles of Incorporation limit the shareholders to enterprises in the above four industries, any transfer of shares is restricted to the same.
Board of Directors, SupervisorsTAIFEX’s highest executive body is the Board of Directors, whose major responsibility is decision making, including approving the Exchange's Rules and Regulations, establishing the Exchange’s fee structure and operating practices, and appointing and supervising General Management.
The Board of Directors and Supervisors consists of 15 directors and five supervisors. In accordance with the Futures Trading Act, four directors and two supervisors are non-shareholder experts in related industries, half of whom are appointed by the FSC and the other half of whom are selected by the Board with the approval of the FSC. The remaining 11 directors and three supervisors are elected from the among shareholders by the Shareholders Meeting. The term of office is three years but reelection or reappointment is permissible.
The Board of Directors
|Mr. Tzu-Hsin Wu||Chairman, Taiwan Futures Exchange Corporation|
|Mr. Joseph Jye-Cherng Lyu||Representative , Bank of Taiwan|
|Mr. Sherman H. M. Lin||Representative , Taiwan Depository & Clearing Corporation|
|Mr. Kuan-Chen Lin||Representative , President Securities Corporation|
|Ms. Hsiao-Ling Chou||Representative , Yuanta Futures Co., Ltd.|
|Mr. Tim Sun||Representative , Capital Futures Corporation|
|Mr. Philip Chen||Representative , Taipei Exchange|
|Dr. Her-Jiun Sheu||Invited Professor, Department of Finance, Ming Chuan University|
|Mr. Jan-Yau Hsu||Representative , Taiwan Stock Exchange Corporation|
|Mr. Bing-Jing Huang||CEO , Taiwan Futures Exchange Corporation|
|Dr. Paul C. D. Lei||Representative , Taiwan Cooperative Bank|
|Dr. June Hong Yang||Representative , Fubon Securities Co., Ltd.|
|Dr. Shih-Chuan Tsai||Professor , Graduate Institute of Management, National Taiwan Normal University|
|Mr. I-Yung Mai||Representative , KGI Futures Co., Ltd.|
|Mr. Hung Wen Chien||Representative , Mega Securities Co.,Ltd.|
As of Jul. 2021
|Mr. Wei-yuan CHIANG||Representative , SinoPac Securities Corp.|
|Mr. Michael Yuan-Jen Hsu||Representative , Hua Nan Futures Co., Ltd.|
|Mr. Wei-Wen Hsu||Representative , Union Bank of Taiwan|
|Dr. San-Lin Chung||Distinguished Professor, Department of Finance, National Taiwan University|
|Dr. Shang-Jyh Liu||Honorary Chair/Adjunct Professor , School of Law , National Yang Ming Chiao Tung University; Chairman, TAIWAN Technology Law Institute|
As of Jul. 2021
Three board committees— Trading, Clearing, and Disciplinary— serve as advisers to the CEO and the Board of Directors on matters pertaining to trading/clearing operations, development policies, the self-regulatory framework of the market, and the compliance to rules and regulations of participating FCMs. As required by the Articles of Incorporation, at least two-thirds of the Trading Committee members consist of the FCMs that trade on the Exchange; at least two-thirds of the Clearing Committee members are clearing members of the Exchange; and no less than one-third of the members of the Disciplinary Committee are contracted FCMs and clearing members of the Exchange.