Focus Taiwan
Date: 2017/01/03
By: Tsai Yi-chu and Frances Huang
Taipei, Jan. 3 (CNA) All companies listed on the local main board and the over-the-counter (OTC) market
CNA file photo
will be asked to adopt electronics-voting by 2018 in a bid to allow shareholders who are unable to attend annual general meetings in person to express their opinion, the Financial Supervisory Commission (FSC) said on Tuesday.
The FSC, the top financial regulator in Taiwan, said any listed company that fails to follow the new e-voting rules, will have its future fund raising plans rejected by the commission.
At present, only listed companies with paid-in capital of NT$2 billion (US$62 million) or more are required to adopt e-voting for shareholder meetings.
In 2015, a total of 604 listed firms used e-voting systems, including 491 firms for which it was mandatory. This year, the number will increase to 1,062, including 531 with paid-in capital of NT$2 billion or more. [FULL STORY]
