Foxconn did not respond to a request for comment. A Sharp spokesman declined to comment, saying the firm does not comment on Foxconn or its management as Sharp and Foxconn are independent companies. While the size of the new committee has not been finalised, an internal proposal is to include up to 10 or 11 senior executives from Foxconn units, the person said, adding the committee would report to Foxconn's proposed new board. Reuters reported in May that the firm's chip unit boss, Liu Young, was poised to replace Mr Gou as chairman. The source said Mr Gou will not sit on the committee. Foxconn had previously said he would be a member of the new board. At Tuesday's conference, Foxconn is also set to announce a plan to hold investor conferences regularly, a move the source said aims to address long-time concerns about Mr Gou's approach to transparency, including a lack of precise details on matters from investment decisions to succession plans.