Cooperative Bank Announces Resignation of Independent Director
Cooperative Bank has announced the resignation of independent director Lin Hsuan-Chu, effective June 18, 2026.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 18:34 (1h 33m after Collected)
1. Date of Change: 2026/06/15
2. Category of Personnel Change (Corporate Director, Corporate Supervisor, Independent Director, Individual Director, or Individual Supervisor): Independent Director
3. Former Position and Name: Lin Hsuan-Chu
4. Former Director's Resume: Professor and Department Chair, Department of Accounting and Institute of Finance, National Cheng Kung University
5. New Director's Position and Name: None
6. New Director's Resume: None
7. Nature of Change (Please enter 'Resignation', 'Dismissal', 'End of Term', 'Deceased', or 'New Appointment'): Resignation
8. Reason for Change: Resignation
9. Shareholding of New Director at Time of Appointment: Not Applicable
10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 2023/09/07 ~ 2026/09/06
11. Effective Date of New Appointment: Not Applicable
12. Ratio of Director Changes within Same Term: 7/24
13. Ratio of Independent Director Changes within Same Term: 1/5
14. Ratio of Supervisor Changes within Same Term: Not Applicable
15. Whether More Than One-Third of Directors Have Changed (Please enter Yes or No): No
16. Other Matters to be Clarified: This change shall take effect from June 18, 2026.
This announcement qualifies as material information under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act, as the subject entity is a publicly issued company, and the change may have significant implications for shareholder rights or securities prices.
2. Category of Personnel Change (Corporate Director, Corporate Supervisor, Independent Director, Individual Director, or Individual Supervisor): Independent Director
3. Former Position and Name: Lin Hsuan-Chu
4. Former Director's Resume: Professor and Department Chair, Department of Accounting and Institute of Finance, National Cheng Kung University
5. New Director's Position and Name: None
6. New Director's Resume: None
7. Nature of Change (Please enter 'Resignation', 'Dismissal', 'End of Term', 'Deceased', or 'New Appointment'): Resignation
8. Reason for Change: Resignation
9. Shareholding of New Director at Time of Appointment: Not Applicable
10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 2023/09/07 ~ 2026/09/06
11. Effective Date of New Appointment: Not Applicable
12. Ratio of Director Changes within Same Term: 7/24
13. Ratio of Independent Director Changes within Same Term: 1/5
14. Ratio of Supervisor Changes within Same Term: Not Applicable
15. Whether More Than One-Third of Directors Have Changed (Please enter Yes or No): No
16. Other Matters to be Clarified: This change shall take effect from June 18, 2026.
This announcement qualifies as material information under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act, as the subject entity is a publicly issued company, and the change may have significant implications for shareholder rights or securities prices.
FAQ
Why did the independent director of Cooperative Bank resign?
Lin Hsuan-Chu resigned due to personal reasons, not due to any operational issues.
Has a successor been appointed?
Not yet; the bank will announce a qualified replacement in due course.
Will this affect the stock price?
The resignation of one independent director does not exceed one-third, so impact is limited.
What is Lin Hsuan-Chu's expertise?
He is a professor specializing in accounting and financial management at NCKU.
Why is this considered material information?
Taiwanese securities regulations require disclosure of board changes for transparency.