The elections for independent directors shall proceed with the candidate nomination system; the  shareholders shall elect the independent directors from among the nominees listed in the roster of  independent director candidates. Elections for independent and non-independent directors shall proceed concurrently, and the  number of elected directors shall be calculated separately. The professional qualifications, restrictions on shareholding and concurrent post, affirmation of  independence, nomination and election processes, exercise of authority and other requirements  of independent directors shall be determined and executed in accordance with the Securities and  Exchange Law and related regulations. Article 13-  The tenure of office of the directors and supervisors will be three (3) years and they will be  eligible for re-election. Article 14 -  The following items shall be decided by the Board of Directors: (1)  Increase or reduction of capital of the Company. (2)  Regulations with regard to the organization of the Company. (3)  Establishment, amendment, and abolishment of the branch offices within or outside the  territory of the Republic of China. (4)  Examination of annual business budgets and final budgets. (5)  Distribution of profits or off-set of deficit. (6)  The amount and term of domestic and foreign loan. (7)  The amount of Investment. (8)  Issuance of corporate bonds. (9)  Policies regarding personnel matters, material purchase, accounting, and internal control. (10)  Amendment and modifications of regulations of organization of the Board of Directors and  the functional committee. (11)  Amendment and modification of regulations with regard to the scope of duties of  independent directors. (12)  Appointment and removal of the president, vice presidents, presidents of  Telecommunication Laboratories and Telecommunication Training Institute. (13)  Appointment and removal of the chiefs of finance, accounting and internal audit. (14)  The remuneration standard for employees. (15)  Policies regarding recommendation of chairman and president to subsidiaries. (16)  Other duties and powers granted by the law or by shareholders’ meeting. 5 In the event that the representative of a government or corporate body is elected as the director or  the supervisor, the government or corporate body may reappoint such representative at anytime to  supplement the original tenure. Article 15 -  The Board of Directors’ meeting shall be convened every two (2) months. The special Board of  Directors’ meeting shall be convened at such time as may be deemed necessary. Both meetings  shall be convened by the chairman of the Company and such chairman shall act as the chairman  of the meeting. In the event that the chairman cannot attend the meeting for any cause whatsoever,  the vice-chairman, or where the chairman and the vice-chairman are both to be on leave of  absence or cannot attend the meeting for any cause whatsoever, one of the directors appointed by  the chairman, or, where there is no appointment, a director elected among all the directors, may 