Board of Directors

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Board of Directors

MembersTerms of ReferenceDiversity
Chairman Richard M. Tsai

Education/Background

  • MBA, Stern School of Business, NYU
  • D.B.A. honoris causa, Fu Jen Catholic University
  • Ph.D. honoris causa, Taipei Medical University
  • Ph.D. honoris causa, Yang Ming Chiao Tung University
  • Vice Chairman, Fubon Financial Holding Co., Ltd.
  • Chairman, Fubon Life Insurance Co., Ltd.
  • Vice Chairman, Fubon Insurance Co., Ltd.
  • Chairman, Fubon Securities Co., Ltd.
  • Chairman, Fubon Bank (Hong Kong) Ltd.
  • Chairman, Taiwan Mobile Co., Ltd.

Current Position

  • Chairman, Fubon Financial Holding Co., Ltd.
  • Chairman, Taipei Fubon Commercial Bank Co., Ltd.
  • Vice Chairman, Fubon Bank (Hong Kong) Ltd.
  • Director, Taiwan Mobile Co., Ltd.
Vice Chairman Jerry Harn

Education/Background

  • M.B.A., The Ohio State University
  • Chairman, Fubon Securities Co., Ltd.
  • Chairman, Fubon Direct Marketing Consulting Co., Ltd.
  • Chairman, Fubon AMC, Ltd.
  • President, Taipei Fubon Commercial Bank Co., Ltd.
  • Senior Executive VP, Head of Corporate Finance Department, CTBC Bank
  • Vice President, Taipei Branch, Head of Corporate and Merchant Banking Division, CitiBank

Current Position

  • President / Director, Fubon Financial Holding Co., Ltd.
  • Vice Chairman, Taipei Fubon Commercial Bank Co., Ltd.
  • Director, Fubon Securities Co., Ltd.
  • Non-Executive Director, Fubon Bank (Hong Kong) Ltd.
  • Director, Fubon Bank (China) Co., Ltd.
  • Director, TFB Capital Co., Ltd.
Director Tim Kuo

Education/Background

  • MBA, Sun Yat-sen University
  • Executive Vice President, Taipei Fubon Commercial Bank Co., Ltd.
  • Chairman/President, Jih Sun International Commercial Bank Co., Ltd.
  • Directo, Fubon AMC, Ltd.
  • Director, Ascentek Venture Capital Corporation
  • Director, Citigroup Global Markets Taiwan
  • Deputy CEO, Morgan Stanley
  • Senior Vice President, CTBC Bank
  • Deputy CEO, Citibank Taiwan

Current Position

  • President/ Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Chairman, Fubon AMC, Ltd.
  • Chairman, TFB Capital Co., Ltd.
  • Director, Fubon Bank (China) Co., Ltd.
  • Non-Executive Director, Fubon Bank (Hong Kong) Ltd.
Director Yu-Fen Wang

Education/Background

  • M.S. in Department of Architecture, University of Pennsylvania
  • B.A. in Department of Architecture, Tunghai University
  • Director General/Deputy Director/Chief Secretary, Department of Urban Development, Taipei City Government
  • Deputy Director-general, Urban and Rural Development Department, New Taipei City Government
  • Deputy Director-general,Cultural Affairs Department, New Taipei City Government
  • Deputy Secretary-General, Taipei City Government

Current Position

  • Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Secretary-General, Taipei City Government
Managing Director (Independent Director) Paulus Siu-Hung Mok

Education/Background

  • M.B.A., Queen’s University
  • Chairman, Citibank Taiwan Limited and President of Citigroup Taiwan
  • Chairman, Citibank (Hong Kong) Limited
  • Director, Citibank (China) Co., Ltd.
  • Director, Citicorp International Limited
  • Director, Citicorp Financial Services Limited (HK)
  • Managing Director and Head of Greater China Financial Markets and Securities Services Business Group, Citibank N.A., Hong Kong
  • Managing Director and Head of Financial Markets Business Group / Korea Regional Treasurer, Citibank Korea Inc.
  • Managing Director and Head of Financial Markets Business Group / China Regional Treasurer, Citibank China Co. Ltd.

Current Position

  • Managing and Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Independent Director, Fubon Financial Holding Co., Ltd.
  • Independent Director, Les enphants Co., Ltd.
Independent Director Jerry Chen

Education/Background

  • Institute of Management Science, Chiao Tung University
  • DBS Bank Taiwan - General Manager
  • Ta Chong Bank – President
  • Citibank Taiwan - Head of Corporate Banking, Head of Financial Peers, Head of SME, and Head of Global Market

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Director, Horng En Co., Ltd.
  • Director, Concept Link International Marketing (Taiwan) Ltd.
Independent Director Li-Chuan Wang

Education/Background

  • Master of Commerce, University of Illinois Urbana-Champaign
  • Bachelor of Commerce, National Taiwan University
  • Chief Auditor and Executive Vice President, Yang Ming Marine Transport Corp.
  • Director General, Deputy Director General, and Chief Secretary, Financial Examination Bureau, Financial Supervisory Commission
  • Director General, Banking Bureau, Financial Supervisory Commission
  • Division Director, Securities and Futures Bureau, Financial Supervisory Commission

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Independent Director, Fubon Financial Holding Co., Ltd.
Independent Director Bi-Chu Wu

Education/Background

  • Department of Business Administration, Taipei College of Business
  • Speaker, Taipei City Council
  • Director, Hua Nan Bank
  • Director, Sunny Bank
  • Chief of Treasury Section, Yang Ming Shan Gas Co., Ltd.

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
Independent Director Wen-Chieh Wang

Education/Background

  • Ph.D. of Law, National Chengchi University
  • Vice President , National Chengchi University
  • Director, Hua Nan Financial Holdings Co., Ltd.
  • Director, Taiwan Business Bank, Ltd.

Current Position

  • Independent Director, Taipei Fubon Commercial Bank Co., Ltd.
  • Professor, National Chengchi University
  • Independent Director, AblePrint Technology Co., Ltd.
  • Independent Director, Sunny Friend Environmental Technology Co., Ltd.
Terms of Reference of the Board of Directors

  • The Bank´s Corporate Governance Policy establish the Board of Directors shall be responsible for the overall business strategy and major policies of the Bank, effectively supervise the management team and be accountable to all shareholders. The operations and arrangements of the Bank´s corporate governance system shall ensure that the Board of Directors exercises its functions and powers in accordance with the applicable laws and regulations, Corporate Regulation or the resolutions of the shareholders´ meeting.

  • The Corporate Regulation establish the Board of Directors has the following duties:
    • Propose the increase or decrease of capital.
    • Propose the appropriation of profit or loss.
    • Approval on offering, issuance or private placement of equity-type securities.
    • The Approval and examination on the establishment, abolishment and modification of all business units and branches.
    • Approval on the business policy or operational plan.
    • Validation and examination on budget and final accounts.
    • Approval and examination on important business and investment projects.
    • Approval and examination on significant contracts and entrustment matters.
    • Approval of major real estate transactions.
    • Approval on the appointment and dismissal of finance, accounting, risk management, legal compliance, internal audit or corporate governance officers and managers.
    • Examination and approval on important regulations and rules.
    • Other major issues that must be decided by the Shareholders’ meeting, Board of Directors in accordance with other regulations or Corporate Regulation or the rules of the competent authority.
Diversity of Board Members

  • The Bank´s Corporate Governance Policy establish diversification should be valued in the composition of the Board of Directors. The ratio of directors who concurrently serve as company managers to the number of directors shall not be too high, and the provisions on concurrent duties shall be observed. Appropriate principals on diversity should be drawn up based on its own operations, business model, and development needs. The policy shall incorporate, but not be limited to, the following two major aspects of standards:
  1. Basic conditions: gender, age, and nationality.
  2. Professional knowledge and skills: professional backgrounds (such as those in law, accounting, industry, finance, marketing, or technology), professional skills and industry experiences, etc.

Members of the Board of Directors shall generally have the knowledge, skills and literacy necessary to perform their duties. In order to achieve the ideal goal of corporate governance, the Board of Directors shall overall have the capabilities including operational judgment capability; accounting and financial analysis capability; operational and management capability; risk management capability; crisis management capability; industry knowledge; international market perspective; leadership and decision-making capability.