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PJ Asset Management was removed from the Stewardship Principles signatory list
The purpose of the “Stewardship Principles for Institutional Investors” is to guide institutional investors to make good use of shareholders' influence. This should be considered in the investment process, the risks and performance of the investee company in the aspects of environment, society and corporate governance and to promote the sustainable development of the investee company through constructive communication, interaction and cooperation with the investee company to enhance the long-term value of both sides.
The signatory PJ Asset Management Co., Ltd recently rationalized its disputed investment behavior in the name of the signatory of the Stewardship Principles. This behavior violated the spirit and meaning of stewardship for an institutional investor. Thus the Taiwan Stock Exchange convened the Advisory Committee on the Stewardship Principles for Institutional Investors, and the PJ Asset Management was removed from the stewardship principle signatory list after the resolution.