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TWSE Corporate Governance


Corporate Governance Overview About Us

Corporate governance has become an important global topic, one that has been receiving a great deal of focus in the Asian region. To respond, Taiwan has quickened the pace of reform. With the passage of the "Corporate Governance Roadmap 2013" by the Executive Yuan, the Financial Supervisory Commission (FSC) has shown Taiwan's determination to implement corporate governance reform by guiding the path of its development over the next five years. In addition to establishing a clearer and more enforced regulatory framework, as well as updating Corporate Governance Best-Practice Principles for TWSE/TPEx Listed Companies, the TWSE has also established its Corporate Governance Center. The center consolidates the resources of the government, private sector, related securities parties, and the media to actively converse with listed companies, investors, and society, thereby shaping corporate governance culture. With the reliance on the reform methods launched by authorities in the past, enterprises may gain a deeper understanding of corporate governance value, and spontaneously utilize non-regulatory corporate governance measures to strengthen corporate competitiveness, as well as enhance Taiwan's international standing in corporate governance.
 
 
Taiwan has been educating public companies on the importance of corporate governance since 1998. The Executive Yuan formed the "Corporate Governance Reform Task Force" on January 7, 2003 to study various issues of corporate governance for drafting the "Corporate Governance Policy Doctrine and Action Plans", which then became the basis of promoting corporate governance. Under those action plans, the Taiwanese government promoted and implemented various policies, such as practices enhancing the independence of the Board, incentives for incremental establishment of functional committees in corporate boards, issues of corporate governance best practices, measures promoting electronic voting, improvements on the decision-making process and disclosure of related party transactions, introduction of investors protection measures, and more transparent corporate information.
 
 
The Organization for Economic Cooperation and Development (OECD) outlines 6 reform priorities for taking Asian corporate governance to a higher level and reminds Asian countries to work on implementation so that it can keep pace with amendments of laws and regulations, and that principles of corporate governance can be fulfilled. To enable clear and better understanding on the future policy and plans for good corporate governance in Taiwan, the Taiwanese government issues the Roadmap as a guidance. The Roadmap is also designed for helping businesses grow in a healthy and sustainable way so that they can increase market confidence and Taiwan's international competitiveness.
 

No. Name Link or Download
01 CORPORATE GOVERNANCE IN TAIWAN
02 Corporate Governance Roadmap 2013
03 Corporate Governance Best-Practice Principles for TWSE/GTSM Listed Companies