The Responsibilities and Compensations of Directors of Stock Corporations

Abstract

This article selects the duty of the director of Company Limited by Shares introduces the director acting within the scope of their duty Include civil liability criminal liability and administrative liability Below this thesis will introduce the responsibilities of the directors the regulation of limiting director’s liabilities the compensation of the directors the Business Judgment Rule and the director liability insurance Mention the limit liability of the board of directors Base on Taiwan’s Company Act Article 231 and additionally remarks Civil Code Article 222 Although there is no the laws to rule the compensation of the directors If the company is responsible for dealing with the monetary compensation of the director The companies compensate the director there will increase the burden of the companies and even decrease the right of the shareholders Before there is no the clearly state It is inappropriate to quote the foreign law There is no the rules to state the director liability insurance in Taiwan current law According to the Insurance Act state that there is no opposition the company to cover　the director liability Insurance Listed and OTC Companies is requested to charge for the director’s liability insurance by the executive order of Financial Supervisory Commission R O C In order to ensure the director is able to endeavor the affairs of the company The author adopt the positive opinion about the company to cover the director liability insurance The definition of the remuneration of the director in the Company Limited by Shares will be introduced and Corporate Governance pay the reward and the pension in law practice Next introduces the institution of the decision about the remuneration of the directors discuss the rule of Company Act Article 196 -1 in Taiwan

Date of Award	2020
Original language	English
Supervisor	Chun-Jen Chen (Supervisor)