on January 29, 2015, the FSC announced amendments to the “Regulations Governing Information to be Published in Annual Reports of Public Companies.” Major amendments include: (1) Where the company’s invidiual or separate financial statements for the last two years show after-tax losses, the company shall disclose the amount of remuneration paid to each of its directors and supervisors.  But if, according to the latest financial statements, there is after-tax profit sufficient to cover the previous losses, no such disclosure is required.  (2) In the event that the remuneration paid by all the companies listed in the consolidated statement to all of the directors and supervisors exceeds 2 per cent of the company’s after-tax profit and if each of the directors or supervisors receives more than NTD15 million, the amount paid to the director or the supervisor shall be disclosed.

Ben Cheng