Corporate Governance

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Major Resolutions
Year:
Term
Date
Important Resolutions
Term 23nd No. 11 Board Meeting Minute
2020/11/12

1.Approved the change of auditing CPA (Certified Public Accountant) from Deloitte & Touche

2.Approved amending the Company bylaw of “Corporate Governance Principles”, “Meeting Rules of Board of Directors”, and “Remuneration Committee Charter”

3.Approved the Company bylaw of “Intellectual Property Management Plan”

4.Approved the Company bylaw of “Risk Management Policies”

5.Approved the establishment of the “Sustainability Committee” and amending the Company bylaw of “Sustainability Principles”

6.Approved the appointment of three members of the “Sustainability Committee”, the convener and the remuneration to the “Sustainability Committee”

7.Approved the issuance of unsecured Sustainability Corporate bonds

8.Approved short-term financing loans extended to Far Eastern Resources Development Co., Ltd. and Oriental Green Materials Ltd.

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

10.Approved amending the internal audit implementation rules of Far Eastern New Century Corporation

11.Approved the 2020 Audit Plan review and the 2021 Audit Plan

Term 23nd No. 10 Board Meeting Minute
2020/08/11

1.Approved the investment of FE New Century Industry (Singapore) PTE LTD via the Company’s subsidiary, FE Oriental Investment Holding (Singapore) PTE LTD

2.Approved the indirect investment in China

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

Term 23nd No. 9 Board Meeting Minute
2020/05/12

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

2.Approved 2019 business operation

Term 23nd No. 8 Board Meeting Minute
2020/03/24

1.Approved 2019 employees’ compensation and Directors’ remuneration.

2.Approved 2019 financial statements (including consolidated & stand-alone)

3.Approved the proposal for distribution of 2019 profits.

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

5.Approved amending the company bylaw of “Meeting Rules of Stockholders for Far Eastern New Century Corporation”

6.Approved amending the company bylaw of “Best Practice Principles of Ethical Corporate Management for Far Eastern New Century Corporation”

7.Approved the proposal of convening 2020 Annual General Shareholders’ Meeting

8.Approved amending the accounting policies, internal control system, and internal audit implementation rules of Far Eastern New Century Corporation

9.Approved the proposal for 2020 operating budget and capital expenditure budget.

10.Approve the release of the Chief Accounting Officer from the non-competition restrictions

11.Approved the issuance of corporate bonds.

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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