[Formosa Petrochemical] Announcement of Board Resolution to Waive Non-Compete Restrictions for Manager
Formosa Petrochemical Corporation (FPCC) announced that its board of directors resolved to waive the non-compete restrictions for Senior Vice President Chen Chia-yi, allowing him to serve as a manager in companies with similar business operations.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 09:00
- 🔍 Collected: May 27, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:21 (107h 21m after Collected)
1. Date of Board Resolution: 2026/05/26
2. Name and Title of Manager permitted to engage in competitive behavior: Chen Chia-yi / Senior Vice President
3. Items permitted for competitive behavior: Serving as a manager in companies with the same or similar business nature as the Company.
4. Period of permitted competitive behavior: From today until resignation.
5. Resolution status (Voting results according to Article 32 of the Company Act): Approved by all attending directors.
6. If the competitive behavior involves business in Mainland China, name and title of manager: Not applicable.
7. Other matters to be stated: None.
2. Name and Title of Manager permitted to engage in competitive behavior: Chen Chia-yi / Senior Vice President
3. Items permitted for competitive behavior: Serving as a manager in companies with the same or similar business nature as the Company.
4. Period of permitted competitive behavior: From today until resignation.
5. Resolution status (Voting results according to Article 32 of the Company Act): Approved by all attending directors.
6. If the competitive behavior involves business in Mainland China, name and title of manager: Not applicable.
7. Other matters to be stated: None.
FAQ
How long is the non-compete waiver valid?
It is valid from today until the executive leaves the position.