FSC mulls option to delay shareholders’ meetingsPROS AND CONS: The commission said the advantage would be to reduce public gatherings amid a COVID-19 outbreak, but stock-related issues would be delayedBy Kao Shih-ching / Staff reporterPublicly traded companies might be allowed to delay their annual shareholders’ meetings until after next month given a surge in COVID-19 infections in Taiwan, Financial Supervisory Commission (FSC) Chairman Thomas Huang (黃天牧) said yesterday. Financial Supervisory Commission Chairman Thomas Huang speaks at a meeting of the legislature’s Finance Committee in Taipei yesterday. Listed companies are required to announce their book closure dates at least 60 days before their shareholder meetings so they can finalize their shareholder rosters. If companies are permitted to delay the meetings to later than next month, they might need to reschedule the book-closure dates, which would also affect shareholders’ interests, Huang said. The commission is also mulling whether companies should be allowed to hold shareholder meetings via videoconferencing, but there are some technical issues.

Source: Taipei Times May 19, 2021 15:56 UTC