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.
The Central Weather Administration (CWA) today issued a "tsunami watch" alert after a magnitude 8.7 earthquake struck off the Kamchatka Peninsula in northeastern Russia earlier in the morning. The quake struck off the east coast of the Kamchatka Peninsula at 7:25am (Taiwan time) at a depth of about 19km, the CWA said, citing figures from the Pacific Tsunami Warning Center. The CWA's Seismological Center said preliminary assessments indicate that a tsunami could reach Taiwan's coastal areas by 1:18pm today. The CWA urged residents along the coast to stay alert and take necessary precautions as waves as high as 1m could hit the southeastern
The National Museum of Taiwan Literature is next month to hold an exhibition in Osaka, Japan, showcasing the rich and unique history of Taiwanese folklore and literature. The exhibition, which is to run from Aug. 10 to Aug. 20 at the city’s Central Public Hall, is part of the “We Taiwan” at Expo 2025 series, highlighting Taiwan’s cultural ties with the international community, National Museum of Taiwan Literature director Chen Ying-fang (陳瑩芳) said. Folklore and literature, among Taiwan’s richest cultural heritages, naturally deserve a central place in the global dialogue, Chen said. Taiwan’s folklore would be immediately apparent at the entrance of the
Speeding and badly maintained roads were the main causes of a school bus accident on a rainy day in Taipei last year that severely injured two people and left 22 with minor injuries, the Taiwan Transportation and Safety Board said. On March 11 last year, a Kang Chiao International School bus overturned inside the Wenshan Tunnel (文山隧道) on the northbound lane of the Xinyi Expressway. The tour bus, owned by Long Lai Co, exceeded the speed limit after entering the tunnel, the board’s investigation found. Sensing that the rear of the vehicle was swaying, the driver attempted to use the service and exhaust
“China is preparing to invade Taiwan,” Deputy Minister of Foreign Affairs Francois Wu (吳志中) said in an exclusive interview with British media channel Sky News for a special report titled, “Is Taiwan ready for a Chinese invasion?” the Ministry of Foreign Affairs said today in a statement. The 25-minute-long special report by Helen Ann-Smith released yesterday saw Sky News travel to Penghu, Taoyuan and Taipei to discuss the possibility of a Chinese invasion and how Taiwan is preparing for an attack. The film observed emergency response drills, interviewed baseball fans at the Taipei Dome on their views of US President