To support the Financial Supervisory Commission’s (FSC) promotion of digitalization and as an anti-pandemic measure, FENC held a hybrid shareholder meeting in 2022. The Company initiated the implementation immediately after the policy took effect and embraced shareholder activism to enhance corporate governance. The hybrid format reduced the number of shareholders present at the in-person meeting, making it advantageous for FENC’s pandemic-fighting efforts by minimizing the risk of cluster infection.

The planning of the hybrid shareholder meeting was a joint effort between FENC and Oriental Securities Corp., its stock agent and an affiliate of Far Eastern Group. The meeting was held through the Shareholder Video Conferencing Platform offered by Taiwan Depository and Clearing Corporation (TDCC). The platform offers advanced registration for shareholders, and they simply need to check in on the day of the meeting, join the video conferencing and view the live stream. They may also submit questions through typing and cast votes on the agenda items. The format provides shareholders with an alternative to in-person meetings.

Since FENC was holding the shareholder meeting through video conferencing for the first time, several rehearsals were conducted with TDCC during preparation to ensure that the hybrid meeting would proceed as planned.

The 2022 hybrid shareholder meeting concluded successfully. A total of 37 shareholders joined the meeting through the virtual option. The COVID-19 pandemic has pushed behavioral and cognitive boundaries of the past, and accelerated digital development, as reflected in the 2022 shareholder meeting. The virtual option gives shareholders a more efficient alternative, allowing them to voice their rights without being physically present. The implementation demonstrates FENC’s aggressive strides towards ESG and boosts its corporate governance performance.