Securities and Exchange Act Article 26-3
The board of directors of a company that has issued stock in accordance with the Act may not number less than five persons.When the government or a juristic person is a shareholder of a public company, then except with the approval of the Competent Authority, its representative(s) may not concurrently be elected or serve as director(s) and supervisor(s) of the company. The provisions of Article 27, paragraph 2 of the Company Act shall not apply.Except with the approval of the Competent Authority, the following relationships may not exist among more than half of a company's directors:1. Spouse.2. Relative within the second degree of kinship.Except with the approval of the Competent Authority, a company must have at least one supervisor who is not related, as defined in the subparagraphs of the preceding paragraph, to any other supervisor, and at least one supervisor who is not related to any director.When a company convenes a shareholders meeting for the election of directors and supervisors and the original electees do not meet the conditions of the two preceding paragraphs, the determination of which directors or supervisors are elected shall be made according to the following provisions:1. If the conditions for among the directors are not met, the election of the director(s) receiving the lowest number of votes among those not meeting the conditions shall be deemed invalid.2. If the conditions for among the supervisors are not met, the provisions of the preceding subparagraph shall apply mutatis mutandis.3. If the conditions for among the supervisors and directors are not met, the supervisor(s) receiving the lowest number of votes among those not meeting the conditions shall be deemed invalid.When a person serving as director or supervisor is in violation of the provisions of paragraph 3 or paragraph 4, that person shall ipso facto be discharged through the mutatis mutandis application of the provisions of the preceding paragraph.When the number of directors falls below five due to the dismissal of a director for any reason, the company shall hold a by-election to fill the vacant seat(s) at the next shareholders meeting. When the number of directors falls short by one-third of the total number prescribed by the articles of incorporation, the company shall convene a special shareholders meeting within 60 days of the occurrence of that fact to hold a by-election for directors.A company shall formulate rules for the conduct of board meetings. Regulations governing the content of deliberations, procedures, matters to be recorded in the meeting minutes, public announcements, and other matters for compliance shall be prescribed by the Competent Authority.
中文原文 證券交易法第26-3條
已依本法發行股票之公司董事會，設置董事不得少於五人。
政府或法人為公開發行公司之股東時，除經主管機關核准者外，不得由其代表人同時當選或擔任公司之董事及監察人，不適用公司法第二十七條第二項規定。
公司除經主管機關核准者外，董事間應有超過半數之席次，不得具有下列關係之一：
一、配偶。
二、二親等以內之親屬。
公司除經主管機關核准者外，監察人間或監察人與董事間，應至少一席以上，不得具有前項各款關係之一。
公司召開股東會選任董事及監察人，原當選人不符前二項規定時，應依下列規定決定當選之董事或監察人：
一、董事間不符規定者，不符規定之董事中所得選票代表選舉權較低者，其當選失其效力。
二、監察人間不符規定者，準用前款規定。
三、監察人與董事間不符規定者，不符規定之監察人中所得選票代表選舉權較低者，其當選失其效力。
已充任董事或監察人違反第三項或第四項規定者，準用前項規定當然解任。
董事因故解任，致不足五人者，公司應於最近一次股東會補選之。
但董事缺額達章程所定席次三分之一者，公司應自事實發生之日起六十日內，召開股東臨時會補選之。
公司應訂定董事會議事規範；其主要議事內容、作業程序、議事錄應載明事項、公告及其他應遵行事項之辦法，由主管機關定之。
政府或法人為公開發行公司之股東時，除經主管機關核准者外，不得由其代表人同時當選或擔任公司之董事及監察人，不適用公司法第二十七條第二項規定。
公司除經主管機關核准者外，董事間應有超過半數之席次，不得具有下列關係之一：
一、配偶。
二、二親等以內之親屬。
公司除經主管機關核准者外，監察人間或監察人與董事間，應至少一席以上，不得具有前項各款關係之一。
公司召開股東會選任董事及監察人，原當選人不符前二項規定時，應依下列規定決定當選之董事或監察人：
一、董事間不符規定者，不符規定之董事中所得選票代表選舉權較低者，其當選失其效力。
二、監察人間不符規定者，準用前款規定。
三、監察人與董事間不符規定者，不符規定之監察人中所得選票代表選舉權較低者，其當選失其效力。
已充任董事或監察人違反第三項或第四項規定者，準用前項規定當然解任。
董事因故解任，致不足五人者，公司應於最近一次股東會補選之。
但董事缺額達章程所定席次三分之一者，公司應自事實發生之日起六十日內，召開股東臨時會補選之。
公司應訂定董事會議事規範；其主要議事內容、作業程序、議事錄應載明事項、公告及其他應遵行事項之辦法，由主管機關定之。