TDCC Drives Shareholder e-Services, Successful Results in eVoting
2023/07/25
According to the latest statistics from TDCC, the average eVoting rate for shareholders' meetings in the Taiwan stock market has reached 60% for three consecutive years, demonstrating widespread acceptance of digital voting among investors. This year, a total of 2,092 TWSE-listed, TPEx-listed, and emerging market companies adopted the eVoting of "Shareholder e-Service" offered by TDCC, and the eVoting rate reached 60.51%. Notably, emerging market companies fully embraced electronic voting for the first time, resulting in over 13 million electronic votes and a record-high of 383.5 billion shares cast.
Bing-Huei Lin, Chairman of TDCC, highlighted the impressive adoption rate of 94.34% for electronic voting among professional institutional investors. Among them, foreign investors stood out with a remarkable 97.85% adoption rate for electronic voting. Moreover, government funds, including labor and pension funds, showed a similarly high adoption rate of 97.10% for eVoting. This year, TDCC extended its gratitude to the Council of Agriculture and the National Science and Technology Council's Science and Technology Development Fund for joining in the adoption of eVoting, contributing to the advancement of Taiwan's digital innovation in the capital market.
TDCC has been actively promoting the "Shareholder e-Service" to establish a comprehensive ecosystem of digital services. Apart from eVoting, TDCC also provides eMeeting service, which enables investors to participate in shareholder meetings through virtual conferencing and ask questions, allowing for better interaction between companies and shareholders and improving corporate governance evaluation scores. Additionally, the eNotice service, launched on June 30th this year, provides electronic notification services for dividend distribution to TWSE-listed, TPEx-listed, and emerging market companies, enhancing the efficiency and convenience of receiving critical shareholder information.
The continuous development of TDCC's digital infrastructure has led to a growing acceptance of digitization among investors, as evident from the record-breaking eVoting rates. In the future, TDCC will further optimize the digital experience for both investors and companies, providing efficient and convenient market services.
TDCC Shareholder e-Service:https://stockservices.tdcc.com.tw/