Taiwan Depository & Clearing Corporation

To promote the policy of the competent authority and encourage issuers to adopt TDCC electronic voting platform, TDCC has made visits to all TWSE and GTSM listed companies that are required to implement electronic voting. TDCC has also extended the original fee incentive program, and is offering additional fee discounts to companies meeting certain criteria. These measures are meant to encourage both the companies and their shareholders to use electronic voting.

As of the end of June 2013, a total of 114 companies have used TDCC STOCKVOTE platform to carry out electronic voting at their general shareholders meetings. In the general shareholders meetings this year, the Stockvote platform was used to exercise voting rights 91,316 times, to cast votes representing 119.6 billion shares. The 2013 figures were up significantly over the previous year, reaching 2.65-fold the number of times that voting rights were exercised electronically in 2012, and 1.77-fold the number of shares represented by votes cast electronically in 2012. Among the shareholders who voted through the Stockvote platform in 2013, there was an increase to 1.73-fold the number of domestic and foreign institutional investors (including custodian banks, securities investment trust enterprises, securities dealers, and insurance companies) who did so the previous year.

Of the total shares represented at shareholders meetings this year, an average of 35.13% of the shares were voted by e-voting, an increase of 7.59 percentage points from last year's 27.54 %. A total of 69 companies had an e-voting rate of 20% or higher; among them, Cathay Real Estate Development had the highest e-voting rate (94.94%), followed by Taiwan Mobile (83.82%), with Wistron and Compal both having an e-voting rate over 70%, Hon Hai Precision, TSMC, Delta Electronics, and MediaTek over 60%, and Formosa Plastics and another 11 companies over 50%. These figures indicate a substantial increase in the adoption of electronic voting over previous years.

To assist the competent authority's efforts to promote the adoption of electronic voting by institutional investors, TDCC organized a seminar on 29 July for custodian banks, and then held another two seminars on 5 and 7 August for other institutional investor users of the Stockvote platform including in-house shareholder services units and shareholders services agents, securities investment trust enterprises, securities dealers, banks, and insurance companies. TDCC also visited entities using the platform to solicit suggestions regarding functionality.