Announced Date：June 28, 1935
Amended Date：July 20, 2011, effective from June 30, 2011
These Regulations are prescribed pursuant to Paragraph 3, Article 6 of the Central Bank of the Republic of China (Taiwan) Act.
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 (Taiwan) Act.
The Governor of the Bank (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.
Resolutions of meetings of the Board shall address the following matters:
1.To examine and approve policies concerning monetary, 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 by-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.
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.
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 shall not make any public statement regarding monetary, credit, or foreign exchange policy within 10 days prior to the meeting. Following the meeting, the chairman shall make a unified public statement of the policy resolutions passed by the Board. Classified information on the Board meeting agenda shall be handled in compliance with confidentiality regulations, and shall not be leaked.
The chairman may convene meetings of the Executive Board at any time.
The Board may arrange with the Board of Supervisors to hold a Board meeting as a joint meeting of the Board of Directors and Board of Supervisors.
The heads of the Bank's Departments and Offices and other related personnel of the Bank may be requested to attend meetings of the Board.
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 the final say.
Matters concerning resolutions reached by the Board shall be recorded into the minutes of the meeting, copies of which shall be distributed to each director following the meeting.
A director who is unable to attend a meeting of the Board for some reason may authorize another director to act as his/her proxy.
The proxy referred to in the preceding paragraph may represent only one absent director.
The Board shall appoint one secretary, who shall act under the direction of the chairman, to handle procedural matters of Board meetings and other routine affairs.
These Regulations shall take effect upon passage by resolution of a meeting of the Board, and submitted to the Executive Yuan for record. The same shall hold true for amendments hereto.