Jko Fintech members to leave Jko Asset’s boardBy Kao Shih-ching / Staff reporterJko Fintech Co (街口金融科技) on Tuesday said that it would withdraw from the boardroom of Jko Asset Management Co (街口投信) and would not exercise control over that company’s operations, although it has a 25 percent stake in it. Jko Fintech, which has two seats on Jko Asset’s board, would have its representatives resign at a board meeting on Thursday next week and would not appoint new board members, it said in a statement. Jko Fintech chose to leave Jko Asset’s boardroom completely as it wants to address its disagreement with the commission, Hu told the Taipei Times. As the commission is worried that Jko Asset’s corporate governance would be affected by Jko Fintech’s involvement, “we hope to ease its concerns by staying away from Jko Asset’s operations and leaving the boardroom,” Hu said. However, he would not return to the Jko Asset boardroom even if he wins, Hu said.

Source: Taipei Times October 07, 2020 15:56 UTC