Taiwan Depository & Clearing Corporation

TDCC’s electronic voting platform won the highest honor on the global stage for the second time! On November 21st, the company participated in the final competition for 2019 eASIA Awards in Bangkok, Thailand. Its “Innovative Application of Electronic Voting and Straight Through Process (STP) Service Project” won the Golden Award in “Digital Transformation—Public Departments,” showing to the world the brilliant achievement of digital technology in Taiwan. The TDCC delegation also exchanged ideas with representatives from foreign governments, other participating teams, and industry professionals, sharing Taiwan’s experience and winning widespread praise and recognition internationally.

eASIA Awards is the biennial international competition hosted by Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT). The event aims to improve not only trade digitalization but also e-commerce development among AFACT members and economies as well as bridge the digital divide in Asia Pacific. Currently, there are 20 countries in AFACT. The 11 teams that reached the final round are from Taiwan, Thailand, Iran, and Bangladesh. TDCC won first place in “Digital Transformation—Public Departments” and received the Golden Award along with an unanimous recognition from the council.

For the protection of shareholders’ rights and interests and assistance in improving corporate governance, the electronic voting platform “StockVote” was established in 2009. In 2018, TDCC reached the milestone of electronic voting in all listed companies. This has not only elevated the culture of corporate governance but also bolstered foreign investors’ confidence in investing in Taiwan in terms of electronic voting and enhancement of shareholders’ meeting transparency. The main accomplishments are as follows:

1. Electronic voting has become irreplaceable: The number of votes processed in 2019 has been over 300 billion, with the number of electronic votes accounting for 53% of the votes in attendance. Straight Through Process (STP) has also won international recognition, with 92% of foreign investors voting through STP this year.

2. One stop shopping for shareholder mobile voting, order placement, and management: Through API, over 40 order placement Apps of domestic brokers are affiliated, enabling one stop shopping for electronic voting, order placement, and asset management.

3. Enhancement to corporate governance and protection of interests and rights of shareholders: TDCC’s electronic voting has frequently won international praise, and in 2018 the company was invited to share their experience on electronic voting implementation at Asian Round table on Corporate Governance hosted by the most prominent organization in Asia Pacific—Organization for Economic Co-operation and Development (OECD). In recent years, TDCC’s experience has also been shared with CSDs from Korea, Vietnam, Thailand, and Indonesia.

TDCC achieved success in this competition after going through other competitions. The company was first awarded “Distinction” under digital government category of “Digital Transformation Award” held by “Digital Transformation Association” in Taiwan last year, and then got the association’s recommendation to participate in 2019 eAsia Awards.

With the invitation from eAsia Award Evaluation Committee, between November 20th and 21st, TDCC took part in the final competition, in which over one hundred people participated, and the company finally won the Golden Award. This shows that through years of Fintech development and application, TDCC has created more convenient, efficient, secure, and diversified voting services for shareholders, elevating Taiwan’s corporate governance and accelerating corporate digital transformation. Indeed, Taiwan’s digital service innovation has shone brilliantly on the international stage.