Better Corporate Governance Key To Attracting Investors To Taiwan’s Semiconductor, Biotechnology And Auto Companies, Says Taiwan Stock Exchange - More Than 400 Institutional Investors And 27 Companies Took Part In ‘Emerging Asian Industries’ Forum

The adoption of best practice information disclosure will be essential for attracting more investment to the promising semiconductor, biotechnology and automotive companies listed on the Taiwan Stock Exchange Corporation (TWSE).

Mr. Sush-der Lee, Chairman of the TWSE, made the comments on the sidelines of the ‘Emerging Asian Industries’ forum held on 14 June 2016 in Taipei, which was co-hosted by TWSE and SinoPac Securities.

Mr. Lee said: “TWSE’s recent establishment of a corporate governance evaluation system, as well as the earlier establishment of the TWSE Corporate Governance Center, has been encouraging more and more listed companies to move closer to international and best practice information disclosure standards. Such a shift is key to attracting investment from institutional investors to Taiwan-listed companies, particularly those in the competitive semiconductor, biotechnology and automotive sectors.”

TWSE’s Corporate Governance Centre was established in 2013 to drive the creation of a corporate governance culture in Taiwan as part of the Financial Supervisory Commission’s (FSC) five-year corporate governance roadmap. The center’s corporate governance evaluation system was later set up to help investors better understand and compare the corporate governance performance of listed companies, while also incentivizing listed companies to improve their corporate governance standards.

The ‘Emerging Asian Industries’ forum bought together more than 400 domestic and international institutional investors and 27 listed companies from the semiconductor, biotechnology and automotive based in Taiwan and other parts of Asia.