Formosa TV (FTV) shareholders yesterday selected Wang Ming-yu (王明玉) to replace Kuo Bei-hong (郭倍宏) as the network’s new chairwoman.
The network held an extraordinary shareholders’ meeting in New Taipei City’s Linkou District (林口) after its board of directors on March 14 voted to dismiss Kuo.
During the board meeting, Kuo had reportedly failed to clearly explain the whereabouts of NT$500 million (US$16.21 million) that he and other members of the board had borrowed from banks under the network’s name.
Photo: Chen Yi-kuan, Taipei Times
He was also accused of supporting the production of a series of unpopular political talk shows, which he allegedly used to promote his political agenda, rather than to generate profits.
Kuo has since held several news conferences, saying that he had returned the money to the network’s account and would resign from his position.
Yesterday’s meeting selected 21 board directors, from which seven managing directors were chosen.
Wang, who is among the new managing directors, was elected chairwoman, while Formosa Investment Co chairman Huang Ming-chan (黃明展) was elected vice chairman.
Formosa Investment is FTV’s largest shareholder.
Former FTV chairman Tien Tsai-ting (田再庭), who attended the meeting as a honorary director, said that yesterday’s meeting was illegal.
“Wang should remember that she was not supposed to betray FTV’s founding purpose. Before the meeting, I chose to say nothing. However, seeing that shareholders could not voice their dissent during the meeting made me think that Kuo was right all along,” he said.
“Wang and Formosa Investment have planned for this to happen, and it took them only three minutes to depose Kuo. It was really uncivilized of them to monopolize the microphone during the meeting,” Tien said.
Based on the shareholders’ decision, Wang’ tenure is to end on April 1, 2022.
The shareholders also voted to cancel an annual shareholders’ meeting on May 9 that had been scheduled by the previous board.
Wang told reporters that the extraordinary meeting was held legally and followed due procedures.
Asked who the company’s new president would be, Wang said that the person must be a professional who understands the television industry.
Global bodies should stop excluding Taiwan for political reasons, President William Lai (賴清德) told Pope Francis in a letter, adding that he agrees war has no winners. The Vatican is one of only 12 countries to retain formal diplomatic ties with Taiwan, and Taipei has watched with concern efforts by Beijing and the Holy See to improve ties. In October, the Vatican and China extended an accord on the appointment of Catholic bishops in China for four years, pointing to a new level of trust between the two parties. Lai, writing to the pope in response to the pontiff’s message on Jan. 1’s
A Vietnamese migrant worker on Thursday won the NT$12 million (US$383,590) jackpot on a scratch-off lottery ticket she bought from a lottery shop in Changhua County’s Puyan Township (埔鹽), Taiwan Lottery Co said yesterday. The lottery winner, who is in her 30s and married, said she would continue to work in Taiwan and send her winnings to her family in Vietnam to improve their life. More Taiwanese and migrant workers have flocked to the lottery shop on Sec 2 of Jhangshuei Road (彰水路) to share in the luck. The shop owner, surnamed Chen (陳), said that his shop has been open for just
TAKE BREAKS: A woman developed cystitis by refusing to get up to use the bathroom while playing mahjong for fear of disturbing her winning streak, a doctor said People should stand up and move around often while traveling or playing mahjong during the Lunar New Year holiday, as prolonged sitting can lead to cystitis or hemorrhoids, doctors said. Yuan’s General Hospital urologist Lee Tsung-hsi (李宗熹) said that he treated a 63-year-old woman surnamed Chao (趙) who had been sitting motionless and holding off going to the bathroom, increasing her risk of bladder infection. Chao would drink beverages and not urinate for several hours while playing mahjong with friends and family, especially when she was on a winning streak, afraid that using the bathroom would ruin her luck, he said. She had
MUST REMAIN FREE: A Chinese takeover of Taiwan would lead to a global conflict, and if the nation blows up, the world’s factories would fall in a week, a minister said Taiwan is like Prague in 1938 facing Adolf Hitler; only if Taiwan remains free and democratic would the world be safe, Deputy Minister of Foreign Affairs Francois Wu (吳志中) said in an interview with Italian newspaper Corriere della Sera. The ministry on Saturday said Corriere della Sera is one of Italy’s oldest and most read newspapers, frequently covers European economic and political issues, and that Wu agreed to an interview with the paper’s senior political analyst Massimo Franco in Taipei on Jan. 3. The interview was published on Jan. 26 with the title “Taiwan like Prague in 1938 with Hitler,” the ministry
RSS