Previous close | 9.37 |
Open | 9.50 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 9.38 - 9.50 |
52-week range | 5.64 - 9.90 |
Volume | |
Avg. volume | 64,872 |
Market cap | 66.984B |
Beta (5Y monthly) | 0.62 |
PE ratio (TTM) | 15.28 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.34 (3.60%) |
Ex-dividend date | 03 Jul 2023 |
1y target est | N/A |
Taiwan's Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of the world's largest contract electronics maker, chairman Young Liu said on Wednesday. Reuters exclusively reported last week that major Apple supplier Foxconn was considering introducing a rotating chief executive system in a move to boost corporate governance by separating the role of chief executive from the chairperson as well as to develop future talents. Responding to reporters' questions in Taipei, Liu said in order to have sustainable development Foxconn must have "succession planning" in place and that the rotating system could help develop future talents.
Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched, as well as developing a next generation of talent. One of the sources said the plan was a response to repeated calls by investors to boost corporate governance by separating the role of chief executive from the chairperson.
Hon Hai Precision Industry Co. Ltd (OTC: HNHPF)-owned Foxconn that manufactures iPhones that are the apple of the eye of Apple Inc (NASDAQ: AAPL) reported its first quarter results. With the first quarter being a typically quiet period, it comes as no surprise that Foxconn posted a revenue dup. However, Foxconn is expecting revenue growth in the second quarter despite it still being an off-peak season. First quarter highlights For the first quarter, Foxconn posted a 9.6% drop in revenue, however