Divestment of Shares in Terrestrial Television Act Article 7

The Executive Yuan shall, within 20 days of this Act’s enactment, establish a stock transfer task force (henceforth “the task force”).The task force shall comprise 17 persons, of which one, the Vice Premier of the Republic of China, shall serve as convener. Other members shall include:a) 11 experts, recommended by political parties/groups, coming from the television, legal, accounting, finance, or securities fieldsb) One representative each from the Ministry of Finance, the Ministry of Transportation and Communications, the Labor Affairs Council, and the Government Information Office.c) One representative from a private terrestrial television enterprise workers’ union.Where political parties, organizations, and unions do not recommend or select a representative within 10 days of this Act’s promulgation, the Executive Yuan will do so within three days. While meeting, the committee shall request the attendance of representatives of government agencies, enterprises or institutions in which the government has invested, and legal persons established with government funding holding shares in terrestrial television enterprises, and other experts.The review committee shall, in handling the divestment of shares, require of terrestrial television enterprises the following documents:1. A financial report and related information signed off on by an accountant;2. The firm’s business plan and current situation;3. The firms’ schedule of assets and audit report;4. List and number of employees;5. Distribution and management of employee retirement fund;6. Key legal/tax events that have to be disclosure;7. Other documents as directed.Review committee members shall execute their commission in a spirit of fairness and justice and shall show no bias. Members shall recuse themselves where the following situations arise. Where members who ought to recuse themselves do not, the convener shall order the member to be recused.1. Where items being reviewed involve members, members’ spouses, relations to the third degree of kinship by blood or by marriage, or are part of a member’s household.2. Where there is concrete evidence of favoritism.
中文原文 無線電視事業公股處理條例第7條
行政院為處理本條例相關之股權轉讓事宜,應於本條例施行後二十日內,組成股權轉讓審議小組(以下簡稱審議小組)。
審議小組置成員十七人,其中一人為召集人,由行政院副院長兼任之;其餘成員,由下列人員擔任:
一、具廣播電視、法律、會計、財務、證券交易等專長之專家學者十一人,由各政黨(團)推薦之。
二、財政部、交通部、行政院勞工委員會及行政院新聞局代表各一人。
三、非公共化無線電視事業工會代表一人。
各政黨(團)、機關、工會未於本條例施行後十日內推薦或指定代表者,由行政院於三日內逕行補足。
審議小組審議相關議案時,應邀請各該公股持有政府機關(構)、政府投資之事業及政府捐助設立之財團法人代表一人或其他專業人士列席。
審議小組為審議公股釋出事宜,得要求無線電視事業提供下列文件:
一、經會計師簽證之財務報告書及相關資訊。
二、公司營運計畫及狀況。
三、公司財產清冊及查核報告。
四、員工人數及清冊。
五、員工退職儲金之提撥及管理情形。
六、公司稅務及法律方面需揭露之重大事項。
七、其他審議小組指定之文件。
審議小組成員應本公平、公正之立場行使職權,不得偏頗。
有下列情形之一者,審議小組成員應自行迴避;其應自行迴避而不迴避時,召集人應令其迴避:
一、審議事項涉及審議小組成員本人、配偶、三親等以內血親或姻親,或同財共居親屬之利益。
二、有具體事實,足認其有偏頗之虞者。

English translation for reference only; the Chinese text prevails. Not legal advice.