Shareholders Approve Release of Directors from Non-Compete Restrictions
Original: 股東會決議通過解除董事競業行為之限制
Summary
Inventec's shareholders' meeting passed a resolution lifting the non-compete restrictions on its directors, allowing them to engage in business activities that may compete with the company. This is a routine corporate governance matter under Taiwan's Company Act (Article 209) and typically enables directors to hold concurrent positions at affiliated or related entities. Full body available on MOPS.
Full Translation
Shareholders' Meeting Resolution Approving the Release of Directors from Non-Compete Restrictions. Under Taiwan's Company Act, directors are prohibited from engaging in activities that compete with the company's business unless the shareholders' meeting explicitly waives this restriction. This resolution grants directors permission to participate in competing businesses, commonly used when directors also serve on boards of subsidiaries, affiliates, or industry peers. [Body not available — subject line only. See MOPS for full announcement.]