FSC issued an order to prohibit an insurance company from being the authorized convener of a special shareholders’ meeting held by its invested company for the proposal about the election of its director(s) and supervisor(s)
2018-11-12
According to Article 173-1 of the Company Act, which was amended on August 1, 2018, shareholders of a company who have continuously held 50% or more of the total number of outstanding shares for a period of three months or a longer time may call a special meeting of shareholders. The FSC issued an order to prohibit an insurance company from being the authorized convener of a special shareholders’meeting held by its invested company for a proposal on the election of its director(s) and supervisor(s), according to Subparagraph 5, Paragraph 3, Article 146-1 of the Insurance Act on November 12, 2018.
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Update：
2018-12-24