Taiwan Depository & Clearing Corporation

Taiwan Depository & Clearing Corporation (TDCC) convened the 2019 annual general meeting (AGM) on June 24. In the meeting, cash dividends per share were decided to be NT$3.5 while stock dividends NT$0.25.

TDCC has dedicated to developing diverse businesses, expanding the scope and depth of its services. Since the commencement of the brand-new version of ePASSBOOK 2.0 APP in 2018, newly-introduced functions and interface design have become more customized for users. The number of registered users has reached 660,000. TDCC has successfully promoted the issuance of paperless CP2 and foreign commercial paper in September 2017. Furthermore, TDCC also launched the digital issuance services of commercial paper in 2018, increasing the safety and efficiency of the commercial paper primary market. In addition, the TDCC On- and Off-shore Fund Information Announcement Platform has developed brand-new inquiry services which feature visualized data. TDCC also partnered with Securities Investment Trust & Consulting Association (SITCA), Securities and Futures Institute (SFI), and FundRich Securities to promote the ReLife Project—A Retirement Investment Plan for All. People registered for the project have amounted to over 60,000.

TDCC convened the 2019 AGM on June 24, chaired by Sherman Lin (middle)

TDCC has been promoting e-voting in shareholders’ meetings for a decade and has had some achievements. In 2018, all TWSE-listed and TPEx-listed companies in Taiwan adopted 100% e-voting for their shareholders’ meetings. The e-voting attendance rate has also hit a record high of over 50%. Moreover, with the aid of RegTech, TDCC assisted Ministry of Economic Affairs (MOEA) to set up the Responsible Persons and Major Shareholders Information Reporting Platform, effectively fulfilling Taiwan’s international duty of anti-money laundering and counter-terrorist financing.

TDCC also continued to exert its influence on the international community. In 2018, TDCC received an enthusiastic welcome from the Asia-Pacific Central Securities Depository Group (ACG) and successfully established an ACG Investor Service Task Force. The bilingual TDCC Investor Relations Platform (TDCC IR Platform) with Chinese and English information was created to execute the objectives of Taiwan’s Corporate Governance Blueprint. The platform facilitates communication between enterprises and their investors, raising Taiwan’s international visibility in terms of corporate governance.

As for corporate social responsibility (CSR), TDCC has long been paying attention to different corners in society, e.g. education in rural areas, curricular and extracurricular courses in underprivileged schools, College Finance Course for Charity, and physical education training programs. In 2018, TDCC extended its helping hand to art, organizing Brainstorming Contemporary Arts Award to support young artists.

TDCC is welcoming its 30th birthday. In the future, TDCC will keep utilizing Fintech to meet diverse needs in the market and providing new integrated services regarding cross-border transactions, capital flow, digital finance, and market information integration. Meanwhile, TDCC is upholding the concept of taking from and giving back to society. For a long time, TDCC has been involved in helping underprivileged individuals and rural area development. The company is carrying out its CSR by actively participating in multiple charitable activities.

During the 11th shareholders’ meeting, new directors and supervisors were elected. The new directors are Sherman Lin, Xu Zhang-yao, He Ming-heng, Wang He-sheng, Mi Yi-yong, Zhu Han-Chiang, and Gong Ren-wen. The new supervisors are Chen Jun-hong, Huang Chong-zhe, and Hong Jia-yin. The board meeting was held immediately after the shareholders’ meeting. All directors unanimously selected Sherman Lin to be the Chairman & CEO, and Zhu Han-Chiang was appointed as the President.

Mr. Zhu has worked for TDCC for over 20 years. He is experienced in the securities market and quite familiar with TDCC’s core businesses. In 2018, Zhu also supervised and completed S.M.A.R.T., a major information system on the international level, which took four years to develop.

In the future, we believe that with the leadership of Chairman Lin, TDCC will keep the momentum for growth, innovation, and achievement!