Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

Article 1
　These Regulations are prescribed pursuant to Paragraph 3, Article 6 of
The Central Bank of the Republic of China (Taiwan) Act.

Article 2
　Meetings of the Board of Directors (hereafter referred to as "the Board")
of the Central Bank of the Republic of China (Taiwan) (hereafter referred to 
as "the Bank") shall be conducted in accordance with these Regulations except 
where otherwise provided for in The Central Bank of the Republic of China Act.

Article 3
　The Bank Governor (hereafter referred to as ”the Governor”) shall be the
chairman of the Board and the Board of Executive Directors (hereafter
referred to as ”the Executive Board”). Whenever the Governor is unable
to attend in person, the Deputy Governor designated to act for the
Governor shall be the chairman.

Article 4

　Board meetings resolutions shall address the following matters:

　1. To examine and approve policies concerningmoney, credit and foreign 
　　 exchange;

　2. To examine the adjustment of the Bank's capital;

　3. To approve the operation plans of the Bank;

　4. To examine the budget and fiscal reports of the Bank;

　5. To examine and approve major laws and regulations of the Bank;

　6. To examine or approve the establishment, adjustment and dissolution 
　　 of the Bank's administrative units, branch offices, representative 
　　 offices and subsidiary institutions;

　7. To approve the appointment and the removal of the heads of the Bank's 
　　 administrative units, branch offices, representative offices and 
　　 subsidiary institutions;

　8. To examine matters proposed by the Directors.

Article 5
　Except where otherwise resolved by the Board, between sessions of the
Board the Executive Board shall be authorized to perform the duties
defined in subparagraph 1 and subparagraphs 5 through 8 of the
preceding Article. All decisions of the Executive Board shall be reported
to the Board for retroactive endorsement.

Article 6

　The Board shall meet once every three months. Whenever necessary, the
chairman may convene special meetings.

　Individuals scheduled to attend a meeting of the Board may not make any
public statement regarding monetary, credit, or foreign exchange policy
within 10 days before the start of the meeting. Following the meeting, the
chairman shall make a unified public statement of the policy resolutions
passed by theBoard.Classified information on theBoardmeeting agenda
shall be handled in compliance with confidentiality regulations, and shall
not be leaked.

Article 7
　The chairman may convene meetings of the Executive Board at any time.

Article 8
　The Board may arrange with the Board of Supervisors to hold a Board
meeting as a jointmeeting of the Board ofDirectors and Board of Supervisors.

Article 9
　The heads of the Bank's Department and Office and other related personnel 
of the Bank may be requested to attend meetings of the Board.

Article 10
　Resolutions of the Board shall be decided by consent of a majority of the
directors present at a meeting attended by a majority of the directors.
Where there is a deadlock, the chairman shall have final say.

Article 11
　Matters concerning resolutions reached by the Board shall be entered into
the minutes of the meeting, copies of which shall be distributed to each
director following the meeting.

Article 12

　A director who is unable to attend a scheduled meeting of the Board for
some reason may authorize another director to act as his/her deputy.

　A deputy referred to in the preceding paragraph may represent only one
absent director.

Article 13
　The Board shall have one secretary, under the direction of the chairman,
to handle procedural matters of Board meetings and other routine affairs.

Article 14
　These Regulations shall take force upon passage by resolution of a
meeting of the Board and reporting to the ExecutiveYuan for record. The
same shall hold true for amendments hereto.