25 May, 2018
In order to eliminate the situation that a solicitor of proxy fails to attend the shareholders meeting after obtaining the proxies from a shareholder, which would result in obstruction of the shareholder’s rights to attend and to vote by proxy at the shareholders meeting, the FSC promulgated the amended Regulations on March 29, 2018 to provide that, after the company submits the proxies data to the Securities and Futures Institute or announces them publicly, the solicitor shall attend the shareholders meeting to represent the shareholder as delegated. In addition, no solicitor of proxy shall include in the content of the solicitation advertisements or documents any wording implying that the solicitor may not attend the shareholders meeting.
Anyone who violates the aforementioned provisions shall be prohibited to solicit proxy within three years after being cited for violation by the FSC.
For further information, please contact:
Luke Lee, Tsar & Tsai Law Firm
law@tsartsai.com.tw
