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Q：
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What is an independent director?
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A：
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An independent director is a member of the board who does not hold a position within the company and has no significant business relationships with the management. Such directors are primarily responsible for overseeing and ensuring sound corporate governance.
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Q：
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Is a general company limited by shares required to appoint independent directors?
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A：
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No. Only publicly listed companies are required to appoint independent directors.
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Q：
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Are there any qualification requirements for independent directors?
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A：
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Yes. An independent director must have at least five years of professional experience in business, law, finance, accounting, or other fields relevant to the company’s operations.
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Q：
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May an independent director also be a shareholder of the company?
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A：
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An independent director, as well as his or her spouse, minor children, or any shares held in the name of another person on their behalf, may not hold more than one percent of the company’s total issued shares, nor may they be among the top ten individual shareholders of the company.
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Q：
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May an independent director concurrently serve in other publicly listed companies?
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A：
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An independent director of a public company may concurrently serve as an independent director in no more than three other public companies.
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FAQ
