Reported about 1 year ago
The Taiwan Futures Exchange (TAIFEX) is set to hold its shareholders' meeting on June 24, coinciding with the election of directors and supervisors. With the appointment of a new Cabinet led by Premier Su Tseng-chang and Financial Supervisory Commission Chairman Thomas Huang following the Democratic Progressive Party's inauguration, TAIFEX personnel decisions have become the first significant financial industry affair under the new leadership. It is widely believed in the market that the current Chairman Wu Tzu-hsin and CEO Chou Chien-lung are likely to be re-elected based on their performance during Wu's term, which saw the exchange's steady growth and introduction of diverse and unique products, leading to increased trading volume and a more robust futures market in Taiwan. The board consists of a total of 20 members, including 15 directors and 5 supervisors, with two non-shareholder directors appointed by the regulatory body expected to take the helm at TAIFEX, while the rest will include representatives from academia and industry sectors. Shareholder representatives from futures associations, securities firms, and banking sectors will also be selected according to past conventions for a balanced representation from various industry sectors in the board nominations.
Source: YAHOO