Corporate Director Re-designates New Natural-Person Representative
Original: 公告本公司法人董事改派代表人
Summary
Lite-On Technology has announced that one of its corporate (institutional) board directors has designated a new individual to serve as its representative on the board of directors. Under Taiwan's Company Act, when a legal entity holds a board seat it must appoint a natural person to act on its behalf; any change to that representative constitutes a material event. This affects board composition and decision-making authority and is therefore relevant to governance-focused investors. Full body available on MOPS.
Full Translation
Announcement that the company's corporate (institutional) director has re-designated / replaced its board representative. In Taiwan corporate law, a juristic-person (法人) shareholder that occupies a directorship must appoint a named natural person (代表人) to exercise voting and fiduciary duties at board meetings; when that designee changes the company is required to file this material-information disclosure. The identity of the outgoing and incoming representatives, and which institutional shareholder is involved, are detailed in the full filing. [Body not available — subject line only. See MOPS for full announcement.]