TWSE and TPEx hold cor­po­rate gov­er­nance eval­u­a­tion award event

The China Post - - TAIWAN BUSINESS -

The Tai­wan Stock Ex­change ( TWSE, ) and Taipei Ex­change (TPEx) jointly held a grand award cer­e­mony at the Taipei In­ter­na­tional Con­ven­tion Cen­ter yes­ter­day to honor the com­pa­nies ranked in the top 5 per­cent of the first cor­po­rate gov­er­nance eval­u­a­tion, ac­cord­ing to a press re­lease from the TWSE.

The awards were also handed out to the com­pa­nies that ranked in the top 5 per­cent on the an­nounced list for the growth in av­er­age em­ployee com­pen­sa­tion in 2014, which were 10 TWSElisted and 5 TPEx-listed com­pa­nies, the TWSE said.

The TWSE stated that re­sults of the first cor­po­rate gov­er­nance eval­u­a­tion were of­fi­cially re­leased on April 30. In ac­cor­dance with the “Cor­po­rate Gov­er­nance Roadmap,” com­pa­nies that ranked in the top 20 per­cent were an­nounced for the first year to re­ward out­stand­ing com­pa­nies and make them serve as the bench­mark.

The awarded com­pa­nies not only com­ply with laws and show self- dis­ci­pline, but also proac­tively take the ini­tia­tive to im­prove their own cor­po­rate gov­er­nance prac­tices, said the TWSE.

Look­ing at the 2014 av­er­age re­turn on eq­uity (ROE), TWSElisted and TPEx-listed com­pa­nies ranked in the top 5 per­cent are 10.82 per­cent and 13.19 per­cent, re­spec­tively. Th­ese fig­ures were also bet­ter than the rest of the TWSE-listed and TPExlisted com­pa­nies, which were 6.57 per­cent and 4.14 per­cent, re­spec­tively. This sug­gests that com­pa­nies that had a good per­for­mance in this eval­u­a­tion also have out­stand­ing op­er­at­ing per­for­mance, the TWSE stated.

The TWSE in­vited Tseng MingChung ( ), chair­per­son of the Fi­nan­cial Su­per­vi­sory Com­mis­sion (FSC, ), to present the awards at the cer­e­mony. Ad­di­tion­ally, rep­re­sen­ta­tives from ma­jor funds, the Se­cu­ri­ties In­vest­ment Trust & Con­sult­ing As­so­ci­a­tion ( SITCA), Tai­wan Se­cu­ri­ties As­so­ci­a­tion (TSA) and cor­po­rate gov­er­nance- re­lated or­ga­ni­za­tions were also in­vited to join the event. Through this cor­po­rate gov­er­nance eval­u­a­tion, the TWSE Cor­po­rate Gov­er­nance Cen­ter hopes to iden­tify role mod­els and in­cor­po­rate bench­mark func­tions to en­cour­age com­pa­nies to pay more at­ten­tion to cor­po­rate gov­er­nance, thereby shap­ing its cul­ture, said the TWSE.

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