In the December/January 2011 issue, we reported that an amendment to the Securities and Exchange Law was adopted to request listing companies establishing compensation committees. And, under the authorisation of the Law, qualifications of the members and the competence of the compensation committee will be promulgated by the Financial Supervisory Commission (FSC), the financial regulator in Taiwan. Now, after due consultations, the FSC has set up a set of rules for the establishment and competence of compensation committees for listing companies (Rules).
April 12 2011