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Rules for Compensation Committee Settled

May 2012 - TMT ( Technology, Media & Telecoms). Legal Developments by Formosa Transnational.

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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 authorization 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.

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