Taiwan Depository & Clearing Corporation (TDCC) Partners with Proxymity to Provide Cross-Border Straight Through Processing (STP) Voting Services
2026/02/02
On February 2, 2026, the Taiwan Depository & Clearing Corporation (TDCC) successfully established a new partnership with Proxymity, to enable foreign institutional shareholders to participate in shareholders’ meetings of Taiwanese companies through TDCC’s cross-border Straight Through Processing (STP) voting services. This initiative has facilitated the participation of foreign shareholders of listed companies in shareholders’ meetings through this STP mechanisms.
Bing-Huei Lin, Chairman of TDCC, stated that in alignment with the Financial Supervisory Commission’s Corporate Governance Roadmap, TDCC has steadily enhanced its cross-border voting services by partnering with leading international proxy voting platforms. Following earlier collaborations with Broadridge in 2014 and ISS in 2019, TDCC has now established a new partnership with Proxymity. The launch of this service will further strengthen TDCC’s offerings to both issuers and institutional investors by providing foreign shareholders with faster and more convenient voting channels. Through collaboration among Proxymity, custodian banks, and TDCC, the initiative is expected to boost shareholder meeting participation for Taiwanese companies, supporting the approval of key corporate resolutions and facilitating business development.
Chairman Lin also emphasized that since the launch of TDCC’s cross-border STP voting system, the number of votes cast by foreign shareholders has grown steadily each year. In 2025 alone, foreign shareholders submitted approximately 130,000 electronic voting instructions—representing around 142 billion shares—through TDCC’s STP system, with electronic voting accounting for 97.38 percent of all foreign shareholder votes. TDCC looks forward to working with Proxymity to further strengthen Taiwan’s corporate governance framework and align it with international standards, while safeguarding foreign shareholder rights and encouraging greater participation by foreign investors in Taiwan’s capital market.
Dean Little, Proxymity’s Co-Founder and CEO said, "These digital-native platforms are purpose-built to solve the complexity of cross-border voting. Our partnership with TDCC will provide foreign institutional investors with the transparency, real-time, and reliability cross-border voting experience while fully exercising their shareholder rights in participation of the shareholders’ meetings of Taiwanese companies."
TDCC partners with Proxymity to provide cross-border straight through processing (STP) voting services.