FSC tells firms to postpone annual meetingsUNPRECEDENTED: The move to delay shareholders’ meetings marked the first time the commission had imposed such a measure, but follows discussions with the CECC, it saidBy Kao Shih-ching / Staff reporterThe Financial Supervisory Commission (FSC) yesterday told publicly traded companies to postpone their annual shareholders’ meetings from Monday next week to the end of next month to curb public gatherings amid a surge in COVID-19 infections. A total of 1,931 companies had planned to convene their shareholders’ meetings during the period, but the FSC has made it mandatory for them to delay the events to July or August, it said. The deadline for the solicitation of proxies for attendance at shareholders’ meetings remains the same, she added. So far, 57 public companies have convened their shareholders’ meetings and another seven are to hold their meetings today, commission data showed. Hon Hai Precision Industry Co (鴻海精密) and Inventec Corp (英業達) are among the firms that announced that they would postpone their annual shareholders’ meetings by two weeks.

Source: Taipei Times May 20, 2021 15:56 UTC