| 英文摘要 |
The reasons for a director's removal include resignation, death, removal by a resolution of the shareholders' meeting, a shareholder's petition judicial removal, and a lawsuit brought by the Securities and & Futures Investors Protection Center (SFIPC) for judicial removal under the Securities Investor and Futures Trader Protection Act. This article collects, organizes, and analyzes the reasons for the removals of directors of listed and OTC-listed companies from 2010 to 2024 based on data from the Market Observation Post System. The goal is to understand the main causes of director removals. Furthermore, by analyzing empirical data, this article aims to confirm the operational status of the current law, identify issues of its application, and propose amendments to the relevant systems for director removals based on the observations and analysis of the empirical data. Given that most judicial removal cases are those filed by the SFIPC under the Investor Protection Act, this paper also provides a detailed analysis of this type of cases and proposes amendments to the judicial dismissal system in the Investor Protection Act based on the results of the empirical analysis. |