Organizational Structure
Taiwan Power Company - Organizational Structure Chart
The Structure of the Board of Directors
As stipulated in the Articles of Incorporation,the Board consists of 15 directors; in compliance with the Securities and Exchange Act,3 independent directors are appointed and serve on the Audit Committee. The Board has 5 managing directors, elected from among the board members, one of whom must be an independent director. Directors (including independent and managing directors) serve two-year terms and may be re-elected; furthermore, as required by the Administrative Law of State-Owned Enterprises,at least one-fifth of the directors representing government shares must be labor union representatives appointed by the competent authority of state-owned enterprises.
Diversity of Board Members
Disclosure and Transparency of Corporate Governance Information
Taipower's official website includes a Corporate Governance section. Information on the organization and operation of the Shareholders' Meeting, Board of Directors, Audit Committee, and a Shareholder’s Area are published on the website and included in the annual report for Taipower's Shareholders' Meeting in accordance with laws and regulations. The annual report is also disclosed on the Market Observation Post System.