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FSC: Financial Holding Companies and Banks Should Establish Nomination Committees to Enhance Corporate Governance

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Key facts

  • FSC: Financial Holding Companies and Banks Should Establish Nomination Committees to Enhance Corporate Governance
  • Taiwan's Financial Supervisory Commission (FSC) announced that financial holding companies and banks should establish nomination committees to enhance corporate governance, with plans to revise regulations from 'should' to 'must'.
  • Source: CNA
  • Date: Thu Apr 16 2026 21:24:47 GMT+0900 (Japan Standard Time)

Direct answer

Taiwan's Financial Supervisory Commission (FSC) announced that financial holding companies and banks should establish nomination committees to enhance corporate governance, with plans to revise regulations from 'should' to 'must'.

Citation
FSC: Financial Holding Companies and Banks Should Establish Nomination Committees to Enhance Corporate Governance (Thu Apr 16 2026 21:24:47 GMT+0900 (Japan Standard Time)), CNA
Source
CNA
Date
Thu Apr 16 2026 21:24:47 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

Taiwan's Financial Supervisory Commission (FSC) announced that financial holding companies and banks should establish nomination committees to enhance corporate governance, with plans to revise regulations from 'should' to 'must'.

AI Analysis

Frequently Asked Questions

Q: How many financial holding companies currently have nomination committees?
A: According to the FSC, currently only 7 financial holding companies have established them.
Q: How many domestic banks have established nomination committees so far?
A: Currently, only 6 domestic banks have established nomination committees.
Q: What change has the FSC requested the Bankers Association to research regarding nomination committees?
A: The FSC requested research on changing the establishment of nomination committees from a recommended option to a mandatory requirement.
Q: On what date did the FSC send a letter to the Bankers Association requesting research on revising the principles?
A: The FSC sent a letter to the Bankers Association to request this research on April 7th.
Q: What is the proposed change regarding the continuing education of independent directors?
A: It is suggested to require them to increase their annual continuing education hours, such as by an additional 3 hours per year.