Focus Taiwan
Date: 2016/07/02
By: Tien Yu-pin and Frances Huang

Taipei, July 2 (CNA) The Taiwan Stock Exchange (TWSE) has unveiled stewardship principles for institutional investors in a bid to boost the quality of the local capital market and raise shareholders’ value.

The stewardship principles designated for institutional investors came at a time when institutional investors have played a more important role in the local equity market by accounting for a higher share in turnover in the equities market here, the TWSE said.

Stewardship responsibility for institutional investors will require these investors to pay close attention to the operations of the listed companies they have invested in and attend the invested firms’ annual general meetings to cast a vote as a shareholder, the TWSE said.     [FULL  STORY]