Corporate Governance Failure: FTV Shareholder Self-Rescue Association Formed

On April 12, 2017, due to mounting dissatisfaction with FTV Chairman Guo Pei-hung's centralized control, lack of ethical avoidance (his private firm contracting FTV's new Linkou building), and suspected financial obscurity, major FTV shareholder Chen Ching-fu and others mobilized a large number of minority shareholders to launch the 'Formosa TV Shareholder Self-Rescue Association.' The association published front-page advertisements in major newspapers, openly accusing Guo of privatizing FTV's public assets and obstructing shareholder meetings. This full-scale confrontation between major shareholders and current management ignited a multi-year power struggle within FTV, exposing a complete loss of internal governance and biased self-reporting on its own news channels.