Reported 10 months ago
The crisis continues at Yang Ming (2609) as profits soar, with the Compensation Committee rejecting the Chairman's special contribution bonus twice, leading to speculation on a leadership change. The annual shareholders' meeting concluded with the re-election of directors and the simultaneous selection of a new Chairman, but concerns arise as the issue of the Chairman's bonus payment remains unresolved. Despite the company's record-high profits in 2021 and 2022, the Chairman and General Manager's compensation has remained below that of senior executives due to regulations. Yang Ming's profits surged in April 2024 as global container shipping rates soared, with a net profit of 2.977 billion NT dollars, a 91.6% year-on-year increase.
Source: YAHOO