By: Central News Agency
The Taiwan Stock Exchange (TWSE) recently held a forum on the Taiwan Stewardship Code, hoping to get institutional investors to make a greater commitment to improving their corporate governance.
Institutional investors hold nearly 50 percent of the market value of Taiwan’s stock market and trade about half of all shares traded every day, demonstrating their importance to the stability and development of the equity market, the TWSE said.
Jamie Allen, secretary general of the Hong Kong-based Asian Corporate Governance Association, said at the March 29 meeting that while some investors paid attention to corporate governance in Australia in the 1980s and in the U.K. in the 1990s, it was not until 2010 that Britain set up its stewardship code. [FULL STORY]