Taiwan Depository & Clearing Corporation

Under the Financial Supervisory Commission (FSC)'s plan for corporate governance, mandatory e-voting policy is widely imposed on a yearly basis. In 2016 the application was expanded further to the listed companies with paid in capital over NT$ 2 billion (USD$ 33 million), number of shareholders over 10,000 and for all the IPOs as well. This year, the number of companies adopting e-voting has increased to almost 600, and 104 of them use e-voting on their own initiative. This means domestic businesses have gradually carried out corporate governance voluntarily. With the guidance of regulations and the increased willingness of businesses, the era of comprehensive e-voting is just around the corner.

This e-voting mechanism improves the situations in which shareholder meetings' dates are all getting more centralized and therefore shareholder have difficulty voting. In addition, it also enhances the effect of corporate governance. Companies that adopt e-voting since 2012 have carried out voting by poll; e-voting indirectly makes voting procedure transparent, which also benefits corporate governance. The content of shareholders' meeting tends to be more thorough and detailed, decreasing the need for agenda amendments or impromptu motions. Besides, the nomination process of directors is gradually valued, which fulfills shareholder's right to know. E-voting has received positive feedback from different fields since its launch, and it also brings favorable remarks on corporate governance in Taiwan capital market.

In 2015, TDCC successfully developed “Stockvote App,” which is the first e-voting system in the world with the voting interface for mobile devices, such as mobile phones and table computers. “Stockvote App” also creates a new milestone for e-voting, with the user rate reaching 16% of retail investors ballots in the first year.

In 2016, TDCC launched the extra service “Stock Brokerage Apps linked with Stockvote.” Currently, TDCC has successfully worked with and created link between twelve securities companies whose total market share amounts to 50% of the whole market. Investors can not only buy and sell stocks through Stock Brokerage App but also directly conduct e-voting through Stockvote App. In this way, attending shareholder's meeting becomes easier and more convenient.

TDCC, as the only back office service provider for securities, futures, and bills market, offers a wide range of services in accordance with admin authorities and other related institutes in the industry. In the future, being aware of its crucial role in securities information, TDCC will actively develop more valuable services to contribute to the prosperity of Taiwan capital market.