Development path About Us

The 2015 G20/OECD Principles of Corporate Governance (the Principles) articulate that corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. There is no single model of good corporate governance. However, some common elements underlie good corporate governance. On the basis of the Principles, it is the role of government, semi-government or private sector initiatives to assess the quality of the corporate governance framework and develop more detailed mandatory or voluntary provisions that can take into account country-specific economic, legal, and cultural differences.
Corporate governance has become an important global topic, one that has been receiving a great deal of focus in the Asian region. 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 and launch the "Accountability of Companies in Taiwan: Policy Agenda and Action Plan to Strengthen Corporate Governance", which then became the basis of promoting corporate governance. Over the past decade, the Taiwan’s 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.

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