TWSE successfully held seminar on the “2016 Corporate Governance Forum - Insider Trading and Corporate Social Responsibility” for directors and supervisors on January 26
　
Taiwan Stock Exchange (hereinafter referred to as “TWSE”) successfully held the first seminar on the “2016 Corporate Governance Forum - Insider Trading and Corporate Social Responsibility” for directors and supervisors at Taipei International Convention Center on January 26. There were more than 600 participants, and nearly 100 participants were chairmen and general managers of listed companies.
　
TWSE specially invited the former president of Judicial Yuan professor Lai, In-Jaw and Prof. Chang, Hsin-Ti from National Taipei University Department of Law to serve as the main speakers. Their speeches transformed the complex content into understandable language, and examples were used to explain the concepts and the view of practice of insider trading. Moreover, from the perspective of good corporate governance, it also encouraged listed companies to implement the internal controls for preventing insider trading, which reduces or even prevents insider trading from happening in order to contribute to the sound development of our securities market.
　
TWSE indicated that insider trading is the trading of a public company's securities by individuals with access to nonpublic information about the company. In most countries, trading based on insider information is illegal. This transaction behavior preemptively affects the equality of the securities market and violates the principle of equal treatment to shareholders. Therefore, the prevention of insider trading for a listed company is regarded as a part of good corporate governance, whether it is by the good corporate governance principle proposed by Organization for Economic Cooperation and Development (OECD) or by the corporate governance evaluation system that our country has been promoting in recent years.
　
TWSE also emphasizes that the court made the final judgment on famous insider trading case recently, which aroused extensive discussion and attention from the society on insider trading. TWSE and Taipei Exchange (TPEx) will uphold the spirit of serving listed companies and assist directors and supervisors of listed companies to realize the core value of preventing insider trading from the perspective of good corporate governance in order to implement the idea of information equality and corporate social responsibility.