To provide Taiwan market with full mechanism for shareholders to execute their voting rights, TDCC has completed the implementation of e-voting platform, STOCKVOTE in 2009 by following the order of competent authority.
Issuers, after signing contracts with TDCC, will be able to offer electronic voting services to their shareholders through the platform, which will have the same effect as attendance in person at general meetings. By utilize the Internet as its user interface, STOCKVOTE allows investors to log in to the system for voting with secure ID check mechanism, i.e., identification by user’s CA (Certificate of Authentication). Following the launch of this new platform, shareholders will be able to exercise their voting rights regardless of distance, and concentration of general meetings. Each voting record is embedded with a digital signature of CA. There will also be a full audit trail for those e-voting record.
On receiving a notice of general meetings, shareholders would be advised whether the company has provided electronic voting services. Alternatively, the shareholder may access the website of STOCKVOTE (https://www.stockvote.com.tw/) to get to know if the company adopts TDCC’s “STOCKVOTE” for their general meetings. After logging in to the system with CA, the shareholder may choose the specific company and input his/her/its Shareholder Account Number to access the agenda and related details of the general meetings, and then exercise their rights through electronic voting for those proposals.
For foreign institutional investors and mutual funds, e-voting can be done through their agents or representatives such as custodian banks and securities investment trust firms (SITEs), etc. Apart from using CA to verify the identity of these agents/representatives, TDCC also designed the confirmation mechanism of voting contents for these agents/representatives to meet their internal control. Furthermore, online voting and batch voting are also available for these agents/representatives to make the operation more convenient.
(Chinese version only)