TSMC Approves Competitive Activities for Directors at Annual Shareholders Meeting
Taiwan Semiconductor Manufacturing Company (TSMC) shareholders approved the waiver of non-compete obligations for specified directors.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 09:00
- 🔍 Collected: May 22, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 22, 2026 at 11:31 (3h 31m after Collected)
1. Date of Shareholders Meeting Resolution: 115/05/21
2. Names and Titles of Directors Authorized to Engage in Competitive Activities:
Taiwan Semiconductor Manufacturing Company Representatives: Chang Li-sze, Tai Shang-yi, Huang Jen-chao, Lu Li-chung, Chin Lien-fang, Ting Yu-kang, Huang Tsui-hui, Chen Hou-ming, Chen Chao-hung
3. Items of Competitive Activities Authorized:
Investing in or operating other companies with the same or similar business scope as the company, and serving as a director or manager.
4. Period of Authorization: 115/05/21 to 118/05/20.
5. Resolution Status:
Passed according to the original proposal by shareholders present.
6. Mainland China Business Involvements:
Not applicable.
7. Other matters: None.
2. Names and Titles of Directors Authorized to Engage in Competitive Activities:
Taiwan Semiconductor Manufacturing Company Representatives: Chang Li-sze, Tai Shang-yi, Huang Jen-chao, Lu Li-chung, Chin Lien-fang, Ting Yu-kang, Huang Tsui-hui, Chen Hou-ming, Chen Chao-hung
3. Items of Competitive Activities Authorized:
Investing in or operating other companies with the same or similar business scope as the company, and serving as a director or manager.
4. Period of Authorization: 115/05/21 to 118/05/20.
5. Resolution Status:
Passed according to the original proposal by shareholders present.
6. Mainland China Business Involvements:
Not applicable.
7. Other matters: None.
FAQ
Why is non-compete waived for directors?
This is a standard governance procedure to legally allow directors to leverage their expertise in other related organizations, provided it is authorized by shareholders.
What are the limitations of this authorization?
The authorization is valid for a specific period (3 years) as per the resolution approved at the shareholders meeting.
Who approved this resolution?
It was approved by the shareholders during the company's annual meeting.