[Foxconn] Shareholders Approve Waiver of Non-Compete Restrictions for Directors
Foxconn (Hon Hai) held its annual general meeting on May 29, 2026, approving the waiver of non-compete restrictions for directors Chang Ching-ruei, Liu Yi-ju, and independent director Hsu Tzu-mei.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:16 (34h 16m after Collected)
1. Date of resolution: 2026/05/29. 2. Names and titles of directors permitted to engage in competitive activities: Director Chang Ching-ruei, Director Liu Yi-ju, Independent Director Hsu Tzu-mei. 3. Scope of permitted activities: Companies with business scopes identical or similar to the Company. 4. Duration: During their tenure as directors. 5. Voting results: 7,153,867,562 votes in favor (82.43% of total present), 25,098,203 against (0.28%), 148,326 invalid, 1,499,504,481 abstained. The motion passed. 6-11. Items regarding mainland China operations are 'Not Applicable'. 12. No other remarks.
FAQ
What is non-compete waiver?
It allows directors to hold positions in competing firms.