What is the non-compete obligation for directors?

It is an obligation that prohibits directors from engaging in businesses that compete with their own company or from serving as directors of competing companies.

Why is a resolution at the shareholder meeting necessary?

According to the Company Act, directors must obtain approval from the shareholder meeting if they intend to engage in competing business activities.

What is the required approval threshold?

In this case, approval from two-thirds or more of the voting rights of the shareholders present at the meeting is required.

[Bes Engineering] Announcement of Shareholder Meeting Resolution on the Waiver of Non-Compete Obligations for the 28th Board of Directors

Published May 21, 2026 9:00 AM ・ Updated Jun 13, 2026 11:57 PM ・ 3 min read ・ Source: PR Times

Bes Engineering approved the waiver of non-compete obligations for its 28th board of directors at the shareholder meeting held on May 21, 2026.

1. Date of shareholder meeting resolution: May 21, 2026 2. Names and titles of directors permitted to engage in competitive behavior: Cheng Ssu-tsung (Natural Person Director) Representative of Chang Li Co., Ltd.: Chen Chao-lung (Director) Representative of Yuan Tong Investment Co., Ltd.: Yen Ming-hung (Director) Independent Director: Chen Shih-yang Independent Director: Lin Hung-ta 3. Scope of permitted competitive behavior: Items similar to the company's business scope. 4. Duration of permitted competitive behavior: May 21, 2026 - May 20, 2029 5. Resolution status (Explanation of voting results according to Article 209 of the Company Act): With more than two-thirds of the voting rights of attending shareholders in favor, the proposal was passed as originally proposed by the Board. 6. Directors involved in business in the Mainland China region (If not applicable, please enter "Not Applicable"): Not Applicable 7. Name and position of the company in Mainland China: Not Applicable 8. Address of the business in Mainland China: Not Applicable 9. Business items of the business in Mainland China: Not Applicable 10. Impact on the company's financial and business operations: None 11. Investment amount and shareholding ratio for investments in the Mainland China region: Not Applicable 12. Other items to be stated: None

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Source: PR Times
Category: News

[Bes Engineering] Announcement of Shareholder Meeting Resolution on the Waiver of Non-Compete Obligations for the 28th Board of Directors

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