Shareholders Approve Lifting of Directors' Non-Compete Restrictions at 2026 AGM
Original: 公告本公司115年股東會決議解除董事競業禁止之限制
Summary
Realtek's 2026 (ROC year 115) annual general meeting passed a resolution releasing directors from non-compete obligations, allowing them to engage in business activities that may compete with the company. This is a routine governance item commonly approved at Taiwanese AGMs to permit directors to hold positions at affiliated or peer entities. Full body available on MOPS.
Full Translation
Announcement: The Company's 2026 (ROC year 115) Shareholders' Meeting resolved to lift the non-compete restrictions on directors. Under Article 209 of Taiwan's Company Act, a director who engages in business activities falling within the scope of the company's business must explain the material content to and obtain approval from the shareholders' meeting. This resolution grants directors that authorization, typically to permit them to serve on boards or hold operating roles at affiliated companies, subsidiaries, or other entities whose business may overlap with Realtek's. [Body not available — subject line only. See MOPS for full announcement.]