Acer Board members cut 50% BOD remuneration and propose to reduce employee bonus by 40%
All members of Acer’s board of directors (BOD) have voluntarily committed to cut remuneration by 50%. The board will also propose for the shareholders’ meeting to reduce employee bonus for 2010 by 40%.
The BOD feels deep regret for shareholders’ loss as result of US$150 million write-off, thus all members made the decision to cut remuneration by 50% for 2010 and together face the difficulty. In addition, the BOD shall propose for the shareholders’ meeting to reduce employee bonus from NT$1.5 billion to NT$900 million, or by 40%. The difference will be allocated for year 2011’s operating expenditure. Acer hopes to recover its growth momentum soon.
The cash dividend of NT$3.6 per share will remain unchanged to protect shareholders’ interests.