Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. Tatung management won six director seats and three independent director seats, leaving minority shareholders led by Shanyuan Group (三圓建設) chairman Wang Kuang-hsiang (王光祥) empty-handed. It was the first time a publicly listed company in Taiwan has blocked shareholders’ voting rights. Tatung cannot use this as an excuse to take away shareholders’ voting rights,” Tsai said. “Disputes regarding voting rights should be part of a firm’s self-governance.

Source: Taipei Times June 30, 2020 15:56 UTC