Ten days in June most popular for holding shareholder meets
The China Post news staffTAIPEI, Taiwan -- Ten days in June are the most popular for holding shareholders' meetings this year, results from online registrations that began yesterday showed.
January 4, 2013, 2:59 pm TWN
The Financial Supervisory Commission (FSC) caps the number of meetings on each day at 120. Yesterday, in less than 40 minutes, the 120 slots were filled for 10 days in June, namely June 11, 13, 14, 17, 18, 19, 20, 21, 25 and 28.
The 120 slots were filled in just 12 minutes for June 19, which is an auspicious day, according to Taiwan's Farmer's Almanac.
In less than two hours, online registrations were completed by 1,500 firms listed on the Taiwan Stock Exchange (TSE), the over-the-counter market and the emerging market, as well as some 30 overseas firms that are listed in Taiwan, TSE said.
Among publicly traded firms, EnTie will be the earliest in holding its shareholders' meet, which is scheduled for March 29. Taiwan Semiconductor Manufacturing Co. (TSMC), meanwhile, has signed up for June 11, which is not official at this point and is subject to change. The official listing of shareholders' meets held by public companies will come out on March 15.
The FSC last year lowered the maximum number of firms holding shareholders' meets on a single day from 200 to 120 to spare shareholders the trouble of running to different places on the same day. Last year, companies that hold board elections electronically were excluded from this rule, and this year they will abide by this rule, too.