align with the emerging global economy,
Taiwan promulgated the 2018 amendments
to the Company Act, which became
effective on November 1, 2018. The major
amendments are summarized as follows:
management
more than 40 percent of its paid-in
capital.
if so provided in the articles of
incorporation.
with respect to resolutions regarding
amendment of articles of incorporation,
merger, dissolution and liquidation of
limited companies, the threshold is
lowered to two-thirds of the consenting
votes of its shareholders instead of the
original unanimous consent.
directors, but rather put in place one
or two directors, if so provided in the
articles of incorporation.
may be exempt from placing any
supervisor, if so provided in its articles
of incorporation.
in capital to issue shares. Further, if
a private company chooses to issue
shares, it may elect to do so paperlessly.
the directors may pass written
resolutions on the proposals for the
board meeting.
employee incentive mechanism of a
company may apply to the employees
of its holding company or subordinate
companies. A company limited by
shares may stipulate in its articles
of incorporation that, as part of the
employee incentive mechanism, the
shares, certificates of employee stock
options, employee compensation,
employee's subscription of new share,
and issuing restricted stocks for
employees, etc., may be applied to the
employees of its holding company or
subordinate companies as well.
resolution of the shareholders' meeting.
entrepreneurship and
capital market
of every quarter or every half fiscal
year, if so provided in its articles of
incorporation.
transfer his/her shareholding within
one year from the registration of the
incorporation of company.
articles of incorporation, issue the
preferred shares with multiple voting
rights, the preferred shares with veto
rights on certain matters, preferred
shares of which the holder is restricted
or prohibited from being elected as
a director or a shareholder, or the
preferred shares whereby the holder
thereof is ensured to a certain number
of seats of directors or supervisor.
Brothers, Attorneys-at-Law. As a trilingual
attorney in Mandarin, Japanese and English,
she offers tremendous experience and
expertise in international corporate matters.
8F, No. 376 Section 4, Jen-Ai Road
Taipei, 10693 Taiwan, R.O.C.
fblaw.com.tw