The TPEx's first board of directors meeting was held on July 28, 1994. The organization was registered on September 26, 1994 and formally established on November 1 of the same year. The TPEx's initial funding came from three entities: the Taipei Securities Dealers Association (49%), the Taiwan Stock Exchange Corporation (34%), and the Taiwan Depository & Clearing Corporation (17%). These three organizations are the Sponsors of TPEx. According to TPEx rules, all profits of TPEx go straight to the TPEx Fund without any allocation. Sponsors will not gain any dividends or financial benefits from the TPEx, nor will the ratio of their sponsorship change. However, Sponsors are entitled to appoint directors and supervisors to the board of directors.
The TPEx board of directors is both independent and public interest oriented, and is composed of 15 directors. Among the directors are representatives of the Financial Supervisory Commission along with individuals chosen by the Sponsors from well-respected academics and scholars, as well as individuals within the securities industry. Sponsors themselves may not account for more than one-third of the total number of directors, whereas at least one-third of the directors must be members of the Taiwan Securities Association (formerly known as the Taipei Securities Dealers Association). The directors serve three-year terms and may serve successive terms if re-appointed.
|Directors||Philip Chen||Edith Lee||Alex Jiunn-Chih Wang||Thomas K.H. Wu|
|Shean-Bii Chiu||Sherman H.M. Lin||Suming Lin||Chien-Fu Lin|
|Daw-Yi Hsu||Conrad C. Chang||Louis Chen||Ming-Hong Ho|
|F.J.Shiue||Hung-Wen Chien||Lih-Chung Chien|
|Supervisors||Yung-Hsin Wang||Kuei-Tseng Wang||Chun-Hong Chen||YoPhy Huang|