Taiwan: Bankers Association Promulgated Self-Regulatory Guidelines for the Introduction of Responsibility Mapping System in the Banking Sector / Hao-Ray Hu, January. 2024
Starting from January 1, 2025, banks in Taiwan should establish a responsibility mapping system, which should include a corporate governance structure chart, a table of authority and responsibility, an internal reporting flowchart, and a statement of responsibility for senior management to clarify the allocation of responsibility and accountability to individuals in the event of a new appointment or a change in authority and responsibility.