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TDCC Chairman Voices Taiwan’s Perspective on Corporate Governance to Leading Pension Experts

To recognize Taiwan’s significant achievement of 100% electronic-voting capability for shareholder meetings, J.P. Morgan invited TDCC Chairman Sherman Lin to serve as a panelist at its 9th Annual Multinational Pensions Forum in Paris, France on October 11th of this year. Chairman Lin was the first speaker from Taiwan in the history of the forum.

Chairman Lin shared Taiwan’s experience in corporate governance with leading global institutional investors on a panel titled “What Does Success Look Like in Achieving Good Governance?” Chairman Lin shared Taiwan’s experience on the important factors of good governance, and how TDCC utilizes Fintech to enhance governance. He spoke about Taiwan’s progress in corporate governance over the past 10 years, highlighting 100% voting by poll, and the high adoption rate of a candidate nomination system.

J.P. Morgan’s 9th Annual Multinational Pensions Forum addressed the numerous challenges faced by pension funds through case studies that demonstrated global best practices in delivering defined benefit and defined contribution provisions. The forum was attended by 60 pension management entities across 11 countries from Europe, North America and Asia. The participants included public and corporate pension managers responsible for approximately USD 1T in assets under management. The forum covered regulatory developments, the impact of technology, and the role of sustainable investments related to the pension segment.

Chairman Lin discussed how in recent years Environmental Social Governance (ESG) and Corporate Social Responsibility (CSR) have become important investment decision-making factors for long-term global institutional investors such as pension funds and asset managers. Issuers in Taiwan need to be aware of the growing importance of ESG and CSR. To fulfill Taiwan’s new corporate governance roadmap and support Taiwan issuers, TDCC plans to cooperate with global proxy voting research institutions to launch an Investor Relation Platform. This platform will provide issuers and investors with corporate governance and ESG ratings. Issuers will be able to review their own ESG and corporate governance performance, and institutional investors can easily access companies’ information via the platform. TDCC aims to improve the quality of communication between issuers and investors as well as expand the visibility of Taiwan’s market in the global investment community.

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