TDCC and Glass Lewis partner in world-first initiative to bring greater transparency into the proxy process
2021/05/19
[Taipei, San Francisco – May 19th, 2021] Taiwan Depository & Clearing Corporation (TDCC), a central securities depository and the leading ESG promoters in Taiwan and Asia, and Glass Lewis, the world’s leading provider of independent research and governance solutions, today announced their strategic partnership. TDCC will provide corporate issuers listed on Taiwan Stock Exchange (TWSE) and Taipei Stock Exchange (TPEX) with a complimentary copy of their Proxy Paper research report as soon as it has been published by Glass Lewis.
“Taiwan commits to enhancing transparency of proxy recommendations, which would benefit both companies and investors”, said TDCC chairman Sherman Lin. “We are delighted to partner with Glass Lewis in this iconic project. “Now Taiwan is the first market in the world where the central securities depository helps ensure that companies have timely access to Glass Lewis’ Proxy Paper research reports.”
“We are seeing a sustained increase in demand for meaningful and actionable governance research across the Asia Pacific region,” said Stanley Soosur, Country Head Australia at Glass Lewis. “Our strategic partnership with TDDC will ensure that companies listed on these exchanges have a detailed understanding of the global proxy voting polices leveraged by our 1,300+ institutional clients - many of whom invest directly via TWSE and TPEX. With a strong global focus on ESG issues, it has never been more important for companies to understand how investors vote.”
The initiative is the latest offering of TDCC’s ESG solutions. In 2020, TDCC launched Taiwan ESG Dashboard, the world’s first consolidated and public platform displaying ESG rating published by major ESG rating agencies. Hundreds of corporate issuers have relied on the Dashboard to access and monitor ratings of Taiwanese corporate issuers.
About TDCC
Taiwan Depository and Clearing Corporation (TDCC) digitalized the capital market of Taiwan with its establishment as the central securities depository (CSD) in 1989. Today, TDCC leads Taiwan market with its innovative custody, securities settlement, and issuer services. TDCC ESG solutions aim to encourage sustainable investing and enhance companies’ performance on ESG issues. TDCC seeks to achieve this goal through cooperating with leading research agencies, providing data-driven ESG solutions, and facilitating stakeholder dialogues. More information available at https://irplatform.tdcc.com.tw/
About Glass Lewis
Glass Lewis is the leading provider of independent global governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based in research and data. We cover 30,000 meetings each year, across approximately 100 global markets. Our customers include the majority of the world's largest pension plans, mutual funds, and asset managers who collectively manage over $40 trillion in assets. Our core solutions include Proxy Paper proxy research and Viewpoint proxy vote management platform. More information available at https://www.glasslewis.com/
Media Contact
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Wallace Chu (Wallace.chu@tdcc.com.tw)
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