Formosa Oil: Announcement of Independent Director's Resignation from Functional Committee Positions
Key facts
- Formosa Oil: Announcement of Independent Director's Resignation from Functional Committee Positions
- Formosa Oil announced that its independent director, Ms. Hsiu Chi-ling, has resigned from her positions on the Audit Committee and Compensation Committee, effective April 16, 115, citing a commercial court decision that impedes her ability to effectively exercise supervisory duties.
- Source: PR Times
- Date: April 16, 2026
Direct answer
Formosa Oil announced that its independent director, Ms. Hsiu Chi-ling, has resigned from her positions on the Audit Committee and Compensation Committee, effective April 16, 115, citing a commercial court decision that impedes her ability to effectively exercise supervisory duties.
- Citation
- Formosa Oil: Announcement of Independent Director's Resignation from Functional Committee Positions (April 16, 2026), PR Times
- Source
- PR Times
- Date
- April 16, 2026
Formosa Oil announced that its independent director, Ms. Hsiu Chi-ling, has resigned from her positions on the Audit Committee and Compensation Committee, effective April 16, 115, citing a commercial court decision that impedes her ability to effectively exercise supervisory duties.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 09:00
- 🔍 Collected: April 17, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 06:32 (46h 32m after Collected)
2. Name of functional committee: Audit Committee, Compensation Committee
3. Former incumbent's name: HSIU, CHI-LING
4. Brief profile of former incumbent:
HSIU, CHI-LING: Special Assistant to the General Manager's Office, Chi Mei Vehicle Electric Co., Ltd.
5. Newly appointed incumbent's name: Not applicable
6. Brief profile of newly appointed incumbent: Not applicable
7. Circumstances of change (please enter "Resignation", "Dismissal", "Term Expiration", "Death", or "New Appointment"): Resignation
8. Reason for change: Committee statement as follows: Due to the Commercial Court's rejection ruling on case No. 115 Commercial Temporary No. 3, it is deemed that the supervisory duties of an independent director and audit committee member can no longer be effectively exercised to safeguard the best interests of the company and all shareholders. Therefore, the decision is made to resign from the company's independent director position and concurrently from the positions of Audit Committee and Compensation Committee member, effective April 16, 115. This statement is made hereby.
9. Original term of office (e.g., xx/xx/xx ~ xx/xx/xx): 113/11/22~116/11/21
10. Effective date of new appointment: Not applicable
11. Other matters to be noted: None.
FAQ
Who is the independent director who resigned from the functional committee positions?
The independent director who resigned from the positions is HSIU, CHI-LING.
Which functional committees did HSIU, CHI-LING resign from on April 16, 115?
HSIU, CHI-LING resigned from the Audit Committee and the Compensation Committee.
What was the original term of office for the former functional committee member?
The original term of office for the member was from November 22, 113 to November 21, 116.
What was the former incumbent's profile prior to or during their term?
HSIU, CHI-LING served as the Special Assistant to the General Manager's Office at Chi Mei Vehicle Electric Co., Ltd.
What specific reason did the resigning committee member give for their resignation?
The resignation was due to the Commercial Court's rejection ruling on case No. 115 Commercial Temporary No. 3, which prevented effective supervision.