Important Measures
Issuance of the “Scope of mandatorily adoption of candidate nomination system for the election of directors and supervisors”
2019-05-09
To make it easier for shareholders to exercise their voting rights to realize shareholder activism and improve corporate governance, authorized by the proviso to Paragraph 1 of Article 192-1 and Paragraph 1 of Article 216-1 of Company Act, on April 25, 2019, the FSC announced the requirements that the candidate nomination system shall be adopted for the election of directors and supervisors of all TPEx- and OTC-listed companies from January 1, 2021. Furthermore, the Articles of Incorporation of a company shall state that the shareholders shall elect the directors and supervisors among the nominees listed in the roster of candidates.
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- Update： 2019-05-09
