[Formosa Oil] Announcement of resignation from Functional Committee duties by Independent Director
Key facts
- [Formosa Oil] Announcement of resignation from Functional Committee duties by Independent Director
- Mr. Shi Bo-yuan, an independent director of Formosa Oil, has resigned from his duties on the Audit and Compensation Committees effective April 15, citing difficulties in exercising supervisory powers due to a commercial court ruling.
- Source: PR Times
- Date: April 15, 2026
Direct answer
Mr. Shi Bo-yuan, an independent director of Formosa Oil, has resigned from his duties on the Audit and Compensation Committees effective April 15, citing difficulties in exercising supervisory powers due to a commercial court ruling.
- Citation
- [Formosa Oil] Announcement of resignation from Functional Committee duties by Independent Director (April 15, 2026), PR Times
- Source
- PR Times
- Date
- April 15, 2026
Mr. Shi Bo-yuan, an independent director of Formosa Oil, has resigned from his duties on the Audit and Compensation Committees effective April 15, citing difficulties in exercising supervisory powers due to a commercial court ruling.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 09:00
- 🔍 Collected: April 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 00:54 (64h 54m after Collected)
2. Functional Committee Name: Audit Committee, Compensation Committee
3. Former Committee Member Name: Shi Bo-yuan
4. Brief Biography of Former Incumbent:
Shi Bo-yuan: Head of Strategic Investment Department, Da Jiang Biological Technology Co., Ltd.
5. New Committee Member Name: Not applicable
6. Brief Biography of New Appointee: Not applicable
7. Reason for Change (Please enter 'Resignation', 'Dismissal', 'Term Expiration', 'New Appointment'): Resignation
8. Reason for Change:
Statement from the committee: Due to the dismissal ruling made by the commercial court in case number 115 Commercial Interim No. 3, the committee believes it is no longer possible to effectively exercise the supervisory responsibilities of an independent director and audit committee member to safeguard the best interests of the company and all shareholders. Therefore, it has been decided to resign from the position of independent director of the company, effective April 15, 2026, simultaneously resigning from the positions of audit committee member and compensation committee member. This statement is made on this date.
9. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): November 22, 2024 ~ November 21, 2027
10. Effective Date of New Appointment: Not applicable
11. Other Matters to be Noted: None.
FAQ
What are the key facts in this article?
Mr. Shi Bo-yuan, an independent director of Formosa Oil, has resigned from his duties on the Audit and Compensation Committees effective April 15, citing difficulties in exercising supervisory powers due to a commercial court ruling.
What is the direct answer?
Mr. Shi Bo-yuan, an independent director of Formosa Oil, has resigned from his duties on the Audit and Compensation Committees effective April 15, citing difficulties in exercising supervisory powers due to a commercial court ruling.
What is the source and date?
PR Times: https://mops.twse.com.tw/material/twse-1225-2026-04-15-49d4c6ee | April 15, 2026