According to the Taiwan Stock Exchange (the TWSE), the 9th (2022) Corporate Governance Evaluation has been completed, which included 928 TWSE- and 734 TPEx-listed companies, 1,662 in total. According to the evaluation scores, the companies are divided into seven groups of top 5%, 6% to 20%, 21% to 35%, 36% to 50%, 51% to 65%, 66% to 80% and 81% to 100%, respectively. The evaluation results for the TWSE- and TPEx-listed companies are announced separately.

 

For a better understanding and in accordance with the "Corporate Governance 3.0 - Sustainable Development Roadmap (2021~2023)," the results are divided into the four categories of financial and insurance industry (42 companies in total), electronics industry with a market value above NT$10 Billion (206 companies in total), non-financial and non-electronics industry with a market value above NT$10 Billion (230 companies in total)" and a market value between NT$5 Billion and NT$10 Billion (288 companies in total)." The TWSE- and TPEx-listed companies are mix-ranking, and each category is announced by tier based on the score to show the performance in their respective industries and categories with similar market value scales.

 

Through the indicators and relevant laws and regulations, enterprises have been gradually adopting various advantageous corporate governance measures. Statistical data shows that TWSE- and TPEx-listed companies continued to make improvements in 2022. For example, the number of companies reporting their annual financial reports by the end of February was 255, an increase of 29% over 2021. There were 1,198 companies providing the meeting notice in English, 942 providing the meeting agenda handbook in English and 869 providing the annual report for shareholders' meeting in English, with a growth rate of 10%, 10% and 8%, respectively. The number of companies which prepared their ESG reports was 685, an increase of 17% over last year. In addition to quantitative indicators, the evaluation system also continues to encourage enterprises, by strengthening qualitative requirements, adding differentiation and sending questionnaires to collect feedback, to encourage companies to implement the governance system and to appropriately disclose relevant performance.

 

The Taiwan Stock Exchange and Taipei Exchange will hold the award ceremony
in early June to honor the top 5% companies on the listing market basis (46 from
TWSE and 37 from TPEx) and the top 5% companies in the category of "Market Value Between NT$5 Billion and NT$10 Billion" (8 from TWSE and 6 from TPEx),

 

Links to the websites for the results of the 9th Corporate Governance Evaluation:

Corporate Governance Center (https://cgc.twse.com.tw/evaluationCorp/listCh)

Securities and Futures Institute ( https://www.sfi.org.tw/cga/cga1)