Members of our board of directors may be elected by our directors or our shareholders.  Currently, our board of directors will consists of five directors.  The following table sets forth information regarding our directors and executive officers.  Our directors and executive officers assumed their respective positions at Himax Technologies, Inc., after the shareholders’meeting and board meeting held on October 25, 2005.

Our board of directors currently consists of five members, two of whom will be independent directors within the meaning of Rule 4200(a)(15) of the Nasdaq Stock Market, Inc. Marketplace Rules, or the Nasdaq Rules, as amended from time to time.  Other than Dr. Biing-Seng Wu and Jordan Wu, who are brothers, there are no family relationships between any of our directors and executive officers.  We intend to follow home country practice that permits our board of directors to have less than a majority of independent directors in lieu of complying with Rule 4350(c)(1) of the Nasdaq Rules that require boards of U.S. companies to have a board of directors comprised of a majority of independent directors.  Moreover, we intend to follow home country practice that permits our independent directors not to hold regularly scheduled meetings at which only independent directors are present in lieu of complying with Rule 4350(c)(2).