Under the country’s latest corporate governance guideline, bilingual financial report and shareholders meeting agenda will be mandated
By: Sophia Yang, Taiwan News, Staff Reporter
TAIPEI (Taiwan News) — To improve corporate governance and investor relations, Taiwan’s financial authorities are demanding that listed companies publish English-language financial reports, annual reports, and shareholders meeting agendas, while a bilingual investor relations platform was recently kicked off to complement the efforts.
The new investor relations platform (IR Platform) was built by the Taiwan Depository and Clearing Corporation (TDCC). A launching ceremony was held on Friday, March 15, followed by an international forum which features an emerging but critical practice used by investors to evaluate corporate behavior and to determine the future financial performance of companies – ESG.
The ESG Conference, hosted by the TDCC, reviewed the demands, challenges and opportunities of ESG implementation. ESG stands for a set of environmental, social and governance criteria as a special evaluation model.
TDCC Chairman Sherman Lin said at the ceremony that the company continues to expand its electronic voting ecosystem since its debut in 2009 through an array of innovations including the launch of stock vote for shareholders meeting, e-passbook and its mobile app, Straight Through Processing (STP) for cross-border voting, and several upgrades to the e-passbook app with the addition of features such as notification and cloud backup, with an aim to facilitate the communications between the listed companies and foreign/Taiwanese or institutional/retail investors, enhance market transparency, as well as Taiwan’s competitiveness in the world’s capital market. [FULL STORY]