Agricultural Finance Act Article 17
The Board of the Directors, shall be elected, on a basis of number of people, the Directors in accordance with Article 198 of the Company Act, including the Independent Directors that will not be less than two (2) or one third (1/3) of the total number of Directors. The term of office of directors shall be four years and may be re-elected to a second term. However, the government or the government-appointed representatives who are elected as Directors may be permissibly re-elected.The Independent Directors must have provable experience and abide by the limitations on share-holding and undertaking of part-time jobs. The Independent Director shall be at all times independent to the extent that it is prohibited to work or establish or have any direct or indirect interest or relation with the Agricultural Bank of Taiwan. The regulation governing the professional competency, the limits on the shares, the approval of the part-time job, the confirmation of independence, the ways of how the nomination are made and other matters shall be as prescribed by the central authorities.Any of the following people will not be eligible to assume the position of an Independent Director, and the position that is assumed by such a person shall be dismissed:1. If the person commits any actions stipulated in Article 30 of the Company Act.2. If the position is assumed by a government, the legal person or their representatives, as stipulated by Article 27 of the Company Act.3. The Independent Director does not meet the required qualification set forth in the regulation prescribed in the preceding paragraph.The transfer of the shares held by the Independent Director shall not be governed by paragraph 3, Article 197, of the Company Act.In circumstance that the Independent Director resigns from the position for any reason, and the number of the Directors is therefore less than the standard of paragraph 1 or any part of the Articles of Association, the vacant position shall be elected in the next shareholders meeting. In case that all the Independent Directors resign from the positions, the Agricultural Bank of Taiwan shall, within sixty (60) days from the date of such resignation, hold extraordinary shareholders meeting for re-election.
中文原文 農業金融法第17條
董事會應就章程所定人數，由股東會依公司法第一百九十八條所定方式選舉董事，其中獨立董事人數不得少於二人，且不得少於董事席次三分之一。
董事任期四年，連選得連任一次。
但政府或其指派之代表人當選為董事，不受連任次數之限制。
獨立董事應具備專業知識，其持股及兼職應予限制，且於執行業務範圍內應保持獨立性，不得與全國農業金庫有直接或間接之利害關係。
獨立董事之專業資格、持股與兼職限制、獨立性之認定、提名方式及其他應遵行事項之辦法，由中央主管機關定之。
有下列情事之一者，不得充任獨立董事，其已充任者，當然解任：
一、有公司法第三十條各款情事之一。
二、依公司法第二十七條規定以政府、法人或其代表人當選。
三、不符合依前項所定辦法中有關獨立董事之資格。
獨立董事持股轉讓，不適用公司法第一百九十七條第三項規定。
獨立董事因故解任，致人數不足第一項或章程規定者，應於最近一次股東會補選之。
獨立董事均解任時，全國農業金庫應自事實發生之日起六十日內，召開股東臨時會補選之。
董事任期四年，連選得連任一次。
但政府或其指派之代表人當選為董事，不受連任次數之限制。
獨立董事應具備專業知識，其持股及兼職應予限制，且於執行業務範圍內應保持獨立性，不得與全國農業金庫有直接或間接之利害關係。
獨立董事之專業資格、持股與兼職限制、獨立性之認定、提名方式及其他應遵行事項之辦法，由中央主管機關定之。
有下列情事之一者，不得充任獨立董事，其已充任者，當然解任：
一、有公司法第三十條各款情事之一。
二、依公司法第二十七條規定以政府、法人或其代表人當選。
三、不符合依前項所定辦法中有關獨立董事之資格。
獨立董事持股轉讓，不適用公司法第一百九十七條第三項規定。
獨立董事因故解任，致人數不足第一項或章程規定者，應於最近一次股東會補選之。
獨立董事均解任時，全國農業金庫應自事實發生之日起六十日內，召開股東臨時會補選之。