Taiwan Depository & Clearing Corporation

As the high season of shareholders meetings comes to an end, TDCC’s e-voting platform, StockVote, has also fulfilled its task. By June 30, there were 1217 listed companies with a total of 2.23 million uses of e-voting for the execution of voting rights, and the total shares amounted to 280 billion. The number of businesses adopting evoting, total votes, and evoting attendance ratio all created a high record in history.

As Chairman & CEO Sherman Lin pointed out, TDCC has been devoted to exploring Fintech and mobile technology, providing investors with more efficient and convenient channels, and encouraging investors to attend shareholders meetings through e-voting. This year, TDCC launched a new function “TDCC e-Passbook connection to StockVote,” allowing investors to vote electronically through their activated TDCC e-Passbook App. There have been 1.2 million votes directly conducted via StockVote App or through Securities Company Order App and TDCC e-Passbook’s connection to StockVote on smartphones. This new voting mode has taken up over half of the evoting channels; obviously, mobile technology has become an important means for investors to implement shareholders’rights.

This year there were 1,217 listed companies, which constituted 90% of the whole market value, adopting evoting. 674 of these listed companies voluntarily chose evoting, and for the first time they outnumbered the companies that mandatorily adopted e-voting. The authority, Financial Supervisory Commission, has announced that all listed companies mandatorily adopt e-voting as of next year (2018) so as to promote corporate governance and maintain shareholders’ rights. Three quarters of the listed companies have used e-voting this year, which sets up a solid basis for the implementation next year.

This year, exercising voting right via e-voting took up more than 49.4% of shareholders meeting attendance; increasing by 4.16% compared to 45.24% last year. Statistics show that 302 listed companies exercised voting right through evoting, and the rights executed through e-voting were 50% more than that through physical attendance. 77 out of 302 companies even showed 90% more, and 3 out of 302 companies achieved 100% electronic voting right execution. It’s easy to see that e-voting has gradually been accepted by the public and created a new trend that offers a win-win situation for both businesses and shareholders.