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Regulations Governing Content and Compliance Requirements for Shareholders' Meeting Agenda Handbooks of Public Companies(2005.12.15) |
| Date： |
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Article 1
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These Regulations are adopted under 177-3, paragraph 2, of the Company Act.
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Article 2
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The agenda handbook for the shareholders’ meeting of a public company (hereinafter "company") shall be prepared and publicly announced in accordance with these Regulations.
The public announcement referred to in the preceding paragraph shall be made on the Market Observation Post System.
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Article 3
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The shareholders' meeting agenda handbook shall contain the following information as well as a table of contents and page numbers:
1. The name of the company;
2. The year and type of the shareholders’ meeting;
3. The date and location of the shareholders’ meeting;
4. The shareholding status of the directors and supervisors: The minimum numbers of shares required to be held by the entire bodies of directors and supervisors in accordance with Article 26 of the Securities and Exchange Act, and the numbers of shares held by the directors and supervisors individually and by the entire bodies thereof respectively as recorded in the shareholders' register as of the book closure date for that shareholders' meeting.
5. Meeting agenda.
6. Content of any proposals to be put forward at the meeting and the persons putting them forward.
7. Shareholders’ meeting procedure rules, articles of incorporation, and other reference materials.
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Article 4
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Except as otherwise provided by other applicable acts or regulations, the shareholders’ meeting agenda handbook shall include the following information in accordance with the circumstances stated below:
1. When elections are to be held for directors or supervisors, the number of persons to be elected, the duration of their terms, start and end dates, and election procedures.
2. If a candidate nomination system is to be adopted for an election of directors or supervisors in accordance with Article 192-1 and Article 216-1 of the Company Act, the candidate list and the educational background, professional experience, and number of shares held by each candidate shall be specified; if a candidate is a representative of a juristic person, the name of the juristic person and the number of shares held by the juristic person shall also be specified.
3. When a director or supervisor is dismissed, the name of that director or supervisor, the number of shares held, and the reasons for the dismissal.
4. The reasons for exclusion from the shareholders' meeting agenda of any proposals raised by shareholders in accordance with Article 172-1 of the Company Act.
5. When the board of directors reports to the shareholders' meeting on an offer to subscribe to corporate bonds under Article 246 of the Company Act, the reason for the offer, the amount of bonds offered, and other related matters.
6. When the board of directors reports to the shareholders' meeting on a resolution to buy back shares of the company under Article 28-2 of the Securities and Exchange Act, the purpose of the buyback, the number of shares intended to be bought back, price range, and other related matters, as well as the status of actual execution by the company or the reasons why the buyback did not proceed in accordance with the board of directors resolution.
7. In the case of any amendment to the articles of incorporation, the content of the pre- and post-amendment versions and the reasons for the amendment.
8. In the case of a capital increase, the amount of the increase, the share subscription rate or share distribution rate, the basis and reasonableness of the price of the issue or private placement, the plan for use of the funds, and the schedule for, and anticipated benefits from, use of the funds.
9. In the case of a capital decrease, the reason for, and amount of, the decrease, and the share exchange ratio.
10. When there is any of the acts under Article 185, paragraph 1, of the Company Act:
1) State the location and general condition of the business or assets;
2) The name and address of the counterparty and the counterparty's relation to the company;
3) Other important content of the contract or the transaction.
11. All annual final accounting books and statements submitted for ratification.
12. When distribution of profits or covering of losses is submitted for ratification:
1) The business report for the most recent fiscal year;
2) The balance sheet for the most recent fiscal year;
3) The income statement for the most recent fiscal year;
4) The circumstances of distribution of profits or covering of losses;
5) If all or a portion of the surplus is allocated for a capital increase and issuance of new shares, it shall be noted.
In subparagraphs 11 and 12 of the preceding paragraph, the relevant financial tables shall be included in the shareholders’ meeting agenda handbook, and may not be replaced with the annual report or other meeting materials.
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Article 5
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Thirty days before a company convenes a regular shareholders’ meeting or 15 days before a special shareholders’ meeting, the company shall prepare electronic files of the meeting announcement, proxy form, explanatory materials relating to proposals for ratification, matters for deliberation, election or dismissal of directors or supervisors, and other matters on the shareholders’ meeting agenda, and upload them to the Market Observation Post System.
Where voting powers at a shareholders' meeting are to be exercised in writing, a print version of the materials referred to in the preceding paragraph and a printed ballot shall also be sent to the shareholders.
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Article 6
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Ten days before a company is to convene a shareholders’ meeting, it shall prepare the shareholders’ meeting agenda handbook and make it available for the shareholders to obtain and review at any time. In addition, the handbook shall be displayed at the company and its stock affairs agent, and distributed on-site at the meeting. The same shall also apply any time it is supplemented with an annual report, financial report, or other meeting materials.
Ten days before a company is to convene a shareholders’ meeting, it shall prepare an electronic file of the shareholders’ meeting agenda handbook and the supplemental materials referred to in the preceding paragraph, and upload it to the Market Observation Post System.
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Article 7
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These regulations shall enter into force from the date of issuance.
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