Chapter 7 Improving Information Transparency |
| Article 68 |
A bank shall provide sufficient information to their customers to facilitate their understanding of banking business within the compliance of relevant laws and regulations. W hen any of the customers' legal rights is harmed upon, a bank shall respond positively and handle properly to resolve the problems with a positively responsible attitude. |
| Article 69 |
Information disclosure is the major responsibility of a bank. A bank shall perform its obligations faithfully in accordance with the relevant laws and the bank’s articles of incorporation. |
| Article 70 |
A bank shall establish an internet-based reporting system for information disclosure, appoint specified personnel responsible for gathering and disclosing the information, and establish a spokesperson system so as to ensure the proper and timely disclosure of information about policies that might affect the decisions of shareholders and stakeholders. |
| Article 71 |
In order to enhance the accuracy and timeliness of the material information disclosed, a bank shall appoint a spokesperson and acting spokesperson(s) who understand thoroughly the bank's financial status and operating businesses and who are capable of coordinating among departments for gathering relevant information and representing the bank in making statements independently.
A bank shall appoint one or more acting spokesperson who shall represent the company, when the spokesperson cannot perform his/her duties, in making statements independently, provided that the order of authority is established to avoid any confusion.
In order to implement the spokesperson system, a bank shall unify the process of making external statements and require the management and employees to maintain the confidentialities of financial and operational secrets and prohibit disclosure thereof by them at will.
The bank shall disclose the relevant information regarding any change to the position of a spokesperson or acting spokesperson upon such change. |
| Article 72 |
In order to keep shareholders and stakeholders fully informed, it is advisable that a bank utilizes the convenience of the Internet and set up a website containing the information regarding the bank's finance, operation and corporate governance.
To avoid misleading information, the website referred to in the preceding paragraph shall be maintained by specified personnel, and the information shall be updated timely in case of any change. |
| Article 73 |
A TSE/GTSM listed bank shall hold analyst meeting in compliance with the regulations of the TSEC and GTSM. |
| Article 74 |
A bank shall disclose the following information regarding corporate governance in the fiscal year in accordance with laws, regulations and these Principles:
1. corporate governance framework and rules;
2. ownership structure of the bank;
3. structure and independence of the board of directors;
4. responsibility of the board of directors and managerial personnel;
5. composition, duties, and independence of supervisors;
6. status of continuing education of directors and supervisors;
7. compensation structures of directors and supervisors;
8. information regarding credit extension of stakeholders;
9. disclosure of capital adequacy; and
10. other matters subject to information disclosure required by laws and regulations. |