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TWSE Corporate Governance Forums - Insider Trading and Corporate Social Responsibility closed with success

Publish time:2016-05-04

TWSE announces that the five seminars with directors and supervisors of Taiwan Stock Exchange (hereinafter referred to as “TWSE”) and Taipei Exchange (hereinafter referred to as “TPEx”) listed companies under “2016 Corporate Governance Forum - Insider Trading and Corporate Social Responsibility” have closed with success. The seminars were attended by more than 1200 directors and supervisors of TWSE/TPEx listed companies, close to 200 of whom held position of chairman or president.
 
TWSE invited Professor In-Jaw Lai, the former president of Judicial Yuan, Professor Hsin-Ti Chang of the Department of Law of National Taipei University, and Wen-Kuei Hwah, senior vice president of TWSE Surveillance Department, to serve as the main speakers. Their speeches transformed the complex content into understandable language and used case studies to explain the concept of insider trading and practical views. It was TWSE's aim to build on sound corporate governance practices and encourage TWSE/TPEx listed companies to implement internal control system to reduce and, if possible, prevent insider trading in order to facilitate healthy development of the securities markets.
 
TWSE highlighted that the court made the final judgment on a high profile insider trading suit in late 2015, which aroused extensive discussion and attention from the society on insider trading. TWSE and TPEx, who uphold the spirit of serving listed companies, hosted 5 seminars in Taipei (1/26), Hsinchu (4/1), Taichung (4/22), Tainan (3/31), and Kaohsiung (4/21). The forum was designed to help directors and supervisors of TWSE/TPEx listed companies have profound understanding and knowledge toward regulations and practice of insider trading and to promote the security and equity of securities market.
 
TWSE also points out that effective prevention of insider trading has been one of the key tasks for the competent authority to promote the efficiency and equity of securities market. Furthermore, the principles of corporate governance published by the Organisation for Economic Co-operation and Development (OECD) and the Corporate Governance Evaluation System in Taiwan, which has gained much support in recent years, both consider prevention of insider trading as part of good corporate governance and the concrete conduct of treating shareholders equally.