To push forward gender equality on the boards of directors of listed companies, the Taiwan Stock Exchange amended the Corporate Governance Best-Practice Principles for TWSE/GTSM Listed Companies

Publish Date︰2013-03-19 13:02

In view that many international companies have begun to appoint an increasing percentage of female directors to the board, and several leading countries in Asia (e.g. Singapore and Malaysia) have encouraged diversity in the corporate board of directors in their implementation of corporate governance, in particular, the proportion of members of different genders.
 
In response to the international trend and to push forward the practice of gender equality in corporations, the Taiwan Stock Exchange has incorporated the concept of gender equality into regulations in the Corporate Governance Best-Practice Principles for TWSE/GTSM Listed Companies, which aim to encourage the listed companies to take the factor of gender equality into consideration when appointing directors and equip them with the knowledge and competence for implementation of the related affairs. Through this amendment, we expect to meet the international trend and enhance the quality of corporate governance in Taiwan.