Corporate Governance

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Major Resolutions
Year:
Term
Date
Important Resolutions
Term 23nd No. 3 Board Meeting Minute
2018/11/09

1.Approved the issuance of corporate bonds.

2.Approved short-term financing loans extended to Far Eastern Resources Development Co., Ltd.

3.Approved the guarantees of Yuan Ding Investment Co., Ltd. to the Company’s subsidiary.

4.Approved amending the Company bylaw of “Board Performance Evaluation Rules”.

5.Approved amending the accounting policies of Far Eastern New Century Corporation.

6.Approved amending the internal control system and internal audit implementation rules of Far Eastern New Century Corporation.

7.Approved the 2018 Audit Plan review and the 2019 Audit Plan.

Term 23nd No. 2 Board Meeting Minute
2018/08/10

1.Approved the appointment of members of the "Remuneration Committee".

2.Approved the guarantees of Yuan Ding Investment Co., Ltd. to the Company’s subsidiary.

Term 23nd No. 1 Board Meeting Minute
2018/06/29

1.To elect the Chairman and Vice Chairmen of Far Eastern New Century Corporation.

2.Approved the Presidents' appointments and their release from non-competition restrictions.

3.Approved the appointment of Manager Level and above and the release of the relevant personnel from the non-competition restrictions.

Term 22nd No. 13 Board Meeting Minute
2018/05/11

1.Approved the candidate list of the Company’s Director (including Independent Director) nominees.

2.Approved the release of the relevant Directors from the non-competition resitriction.

3.Approved 2017 business operations.

4.Approved the issuance of unsecured corporate bonds in year 2018.

5.Approved the guarantees of Yuan Ding Investment Co., Ltd. to the Company’s subsidiary.

6.Approved the acquisition of new common shares of Oriental Petrochemical (Taiwan) Co., Ltd.

7.Approved the acquisition of new common shares of Far Eastern Investment (Holding) Ltd.

Term 22nd No. 12 Board Meeting Minute
2018/03/22

1.Approved 2017 employees’ compensation and Directors’ remuneration.

2.Approved 2017 financial statements (including consolidated & stand-alone)

3.Approved the proposal for distribution of 2017 profits.

4.To elect Directors (including Independent Directors) of Far Eastern New Century Corporation.

5.Approved the revisions to the “Articles of Incorporation of Far Eastern New Century Corporation”

6.Approved the proposal of convening 2018 Annual General Shareholders’ Meeting.

7.Approved to form a joint venture through Far Eastern Investment (Holding) Ltd. to acquire PTA and PET plants in Texas, USA.

8.Approved the proposal for 2018 operating budget and capital expenditure budget.

9.Approved amending the Company bylaw of “Accounting Policy of Far Eastern New Century Corporation”

10.Approved amending the Company bylaw of “Internal Control System” and “Internal Audit Implementation Rules”

11.Approved the issuance of unsecured corporate bonds in year 2018.

12.Approved the guarantees of Yuan Ding Investment Co., Ltd. to the Company’s subsidiary.

13.Approved the declaration of internal control system of Far Eastern New Century Corporation.

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