UPDATE 1-Foxconn's Gou retains board seat on proposed board - source
Gou's election bid came after he told Reuters in April that he planned to step down from Foxconn to pave the way for younger talent to move up the company's ranks. It is not immediately clear whether Gou will resign from his role as chairman of the board.
The proposed candidates for the new company board, which include Lu Sung-Ching, the chairman of Foxconn Interconnect Technology Ltd, and Sharp Corp's chairman Tai Jeng-wu, is subject to approval from a shareholder meeting in June, before a new chairman is elected. Analysts said Gou's election bid might be weighed down by his ties to a Chinese leadership that refuses to renounce the use of force to unify with self-ruled Taiwan it considers a wayward province.
Shares of Foxconn fell 0.7% on Friday, lagging the benchmark share price index's 0.2% decline. They are up about 18% this year after falling 30 percent last year. (Reporting by Yimou Lee in Taipei; editing by Louise Heavens)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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