Taiwan Depository & Clearing Corporation

Corporate governance has become a hot issue in recent years in the international community. It is also an area that issuers and the whole market need to keep improving. Starting in 2018, all TWSE-listed and TPEx-listed companies in Taiwan have adopted mandatory e-voting policies. In the market, 1,738 issuers will use e-voting this year, reaching a significant milestone in corporate governance in Taiwan. The compulsory e-voting policies also make Taiwan look good in corporate governance indexes such as voting by poll.

After issuers adopt e-voting, their corporate governance awareness should be bolstered, and they should also strengthen the communication between issuers and shareholders, decreasing information asymmetry so that motions in shareholders’ meetings will be passed smoothly. In response to the 2018-2020 New Corporate Governance Blueprint, a three-year plan, officially released by the Financial Supervisory Commission (FSC) in April this year, TDCC Stockvote, an e-voting platform, is estimated to complete the bilingual TDCC Investor Relations Platform (TDCC IR Platform) at the end of the year. The service will facilitate communication between institutional investors and their issuers. The platform provides a one-stop service for institutional investors, so they can search for information on their issuers and corporate governance, as well as e-voting operation in Taiwan. The platform can increase Taiwan’s visibility in the international community.

The TDCC IR Platform will compile news on corporate governance of domestic and overseas issuers, offer information on international institutions’ voting policies, as well as provide an IR contact and international environmental, social and governance (ESG) ratings. The platform will connect issuers and the international community, as well as establish a contact and communication channel for issuers and institutional investors to have real-time conversations and help they know each other more. These services will enhance the awareness of corporate governance in Taiwan and adequately fulfill corporate governance.