Securities Investor and Futures Trader Protection Act Article 12
A chairman of the board of directors, who shall not be an endower's representative, shall be selected by a majority vote at a meeting of the board of directors attended by a quorum of no less than two-thirds of all directors. The selection of a chairman will become effective upon approval by the competent authority.
中文原文 證券投資人及期貨交易人保護法第12條
董事會應由全體董事三分之二以上之出席，及出席董事過半數之同意，選出非捐助人代表之董事一人為董事長，經主管機關核可後生效。