voting agreement or form a voting trust.
governance
directors, rather than being limited to
public companies.
relations within the second degree
of the director, or a company having
holding or subordinate relationship
with the director, have personal interest
in the matter under discussion, it
is deemed that such director has a
personal interest in the matter under
discussion.
for the corporate debt. If a shareholder
of a limited company abuses the status
of a juridical person of such company,
resulting in making the company liable
for a certain debt and having significant
difficulty in paying off such debt, where
necessary, such shareholder shall be
liable for such debt.
convene the board meeting. If the
chairman fails to convene the board
meeting within 15 days of the written
request, a majority of the directors may
the shareholders' application for an
inspector and expand the categories of
matters for inspection to the documents
and records for specific matters and
specific transactions.
make a report: companies shall report
electronically on a regular basis, every
year or at the time of any change of the
name, nationality, birthdate or date of
incorporation, identification number,
number of shares held or amount of
capital contribution, and other matters
required by the competent authority of
the directors, supervisors, managers,
and shareholders of 10 percent or above
shareholding (contributions).
extempore motion: the subject matters,
such as reduction of capital, application
to withdraw the public offering, release
and discharge directors from non-
compete obligations, capitalization
of earning, and capitalization of legal
reserve, shall be explained in the cause
of convention in the meeting notice
and shall not be proposed through an
extempore motion.
causes for which the board of directors
may not include a shareholder's
proposal in discussion. Except for
such four causes, the board of directors
shall include a shareholder's proposal
in discussion.
months may convene an extraordinary
shareholders' meeting on their own.
or its agent provide the roster of
shareholders.
action against the director on behalf of
the company is lowered to a continuous
holding of at least one percent of the
total outstanding shares for six months.
environment and improve the
regulations on branches of
foreign companies
articles of incorporation.