National Silicon scraps supervisory board in governance overhaul

National Silicon Industry Group shareholders voted to cancel the company's Supervisory Board and revise its Articles of Association at an extraordinary meeting on August 15.

The special resolution passed with over two-thirds majority support from shareholders representing 48.6% of voting rights.

Shareholders also elected new members to the second Board of Directors and approved multiple updates to internal governance policies including rules for board meetings, connected transactions, and external investments.