Press ReleasesLatest News

Taiwan Stock Exchange Holds Insider Trading Prevention Seminar

Publish time:2015-11-03

The Taiwan Stock Exchange (TWSE) states that effective prevention of insider trading has always been one of the top priorities for authorities and TWSE in enhancing the efficiency and equity of the securities market. The newest 2015 Principles of Corporate Governance released by OECD (Organization for Economic Cooperation and Development) has also listed the effectiveness of insider trading prevention as an important indicator of whether a securities market possesses good corporate governance. It also serves to be a concrete measure for the equitable treatment of shareholders. To continue to promote corporate governance and respond to OECD’s newest principles, TWSE will be holding the seminar “Discussion on Insider Trading Prevention and Violation of Directors’ Fiduciary Obligations” with co-organizers the Taiwan Corporate Governance Association and Taipei Bar Association on the afternoon of November 4 at the Information Exhibition Center on the first floor of TWSE. Delaware Supreme Court Justice Randy J. Holland will be giving a keynote speech on corporate governance laws and judicial decisions in Delaware and the US related to insider trading.
 
The Delaware Supreme Court has long been renowned worldwide for its professionalism and efficiency in judgments. As the longest-serving justice of the Delaware Supreme Court, Justice Holland has had experience in both theoretical research and legal practice pertaining to corporate law and securities market regulations. Chao Shun-Sheng, director of the Securities and Futures Investors Protection Center; and Chang Hsin-Ti, professor at the College of Law, National Taipei University were also invited to give keynote speeches on protecting shareholders' equity, mergers and acquisitions, and other such topics related to the prevention of insider trading.
 
The TWSE states that good corporate governance requires the three joint forces of laws and regulations, corporate self-regulations and market mechanisms. Among them, the legalization and effective implementation of a corporate governance system is a very important issue. Collaborating with the Taiwan Corporate Governance Association and Taipei Bar Association, the TWSE has invited foreign and domestic scholars and judges with remarkable judicial research to the seminar. This has attracted the registration of dozens of lawyers. The keynote speeches and exchanges at this seminar will provide more information from international securities markets on laws and regulatory practices for the prevention of insider trading.