The Credit Cooperatives Act Of The Republic Of China Article 16

The term of directors and supervisors shall be three years and may be re-elected.A director may not be elected a supervisor until three years after they cease to hold the office of director and until their duties have been released.The office of a director and supervisor shall not remain vacant for more than one month after the expiry of its term without holding an election. Where no election is held within such period, the Competent Authority shall order that an election be held or cause to be held within such period, and the Competent Authority shall order that an election be held or cause to be held within one month after the expiry of such period.The directors and supervisors shall be elected by the allotment of secret limited vote from a list of registered candidates at the general meeting of members (or member representatives), each of whom shall have a limited number of votes not exceeding one-half of the vacant positions.The qualifications and the terms and conditions for member representatives, directors, supervisors, and managerial officers, as well as their selection procedures, shall be prescribed by the Central Competent Authority.