Corporate Governance

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Monday, March 4, 2013

Taiwan considerations for 2013 board and shareholder meetings

The nation’s Company Act and the Securities and Exchange Act have been amended in consideration of development trends in corporate governance. The content of this notice is intended as summarized analysis of implications of relevant amendments on companies and business operators, an overview of matters which need attention with regard to companies convening meetings of the Board of Directors and meetings of shareholders, and an explanation of matters which need attention and to be taken care of when meetings of the Board of Directors and meetings of shareholders are called and held in 2013.

Friday, August 3, 2012

Practicing corporate social responsibility: A cornerstone of sustainable growth

According to the results of the PwC Taiwan CEO Survey 2012, Taiwanese companies are putting increasing emphasis on corporate social responsibility (CSR) across a wide range of areas, and are striving to align their CSR thinking and practices with international standards.

Friday, May 25, 2012

Governance developments

The Dodd-Frank Act mandates that shareholders get a nonbinding vote on executive compensation, as well as a nonbinding vote on how often these “say on pay” votes will occur going forward. Both votes started in the 2011 proxy season.

Friday, May 25, 2012

What's on CEOs' minds?

US CEOs are cautiously focused on growth this year, but they are less confident than they were a year ago, according to PwC’s 15th Annual Global CEO Survey. With more than 160 US CEOs participating in the survey, their responses offer a broad perspective of how they are planning for the future.

Thursday, March 8, 2012

The cyber-savvy CEO: Getting to grips with today’s growing cyber threats

Far from being a barrier to participating in the cyber world, effective security is a critical enabler for any organisation seeking to realise the benefits of taking activities online. Achieving this requires two assets: an understanding of online operating and business models; and an ability to protect and support those business models. Today, more and more organisations in all sectors are seizing the opportunities created by the Internet. In PwC’s view, the only way to do this securely and sustainably is by ensuring that cyber awareness and responsiveness are infused into every employee, every decision and every interaction. It’s time for CEOs to make this happen.

Saturday, February 4, 2012

Issues to watch for at 2012 board and shareholders’ meetings

The Company Act and the Securities and Exchange Act are the principal laws used to construct corporate governance mechanisms in Taiwan. Over the past year, amendments to the Company Act and securities management regulations were enacted one after the other with the aim of promoting corporate governance and creating a better investment climate. Below is our summary and analysis of the changes these amendments entail for companies and their leaders, with special emphasis on the issues to watch for when convening shareholders' meetings and board meetings this year.

Monday, March 28, 2011

Issues to watch for at 2011 shareholders’ meetings

The general shareholders’ meeting season in Taiwan is rapidly approaching. In the interest of helping companies conduct these important annual events smoothly, we will go over recent changes in government policies and regulations, reminding companies of the issues they should look out for and how to respond. Awareness of these issues may also help companies maintain effective compliance and seize emerging opportunities.

Tuesday, March 15, 2011

Compensation committees and effective performance incentive systems

In November 2010, the Legislative Yuan passed an amendment to the Securities and Exchange Act. The amendment added language to Article 14-6 mandating that each publicly listed company in Taiwan install a ‘remuneration committee’ as a way to promote good corporate governance.

Monday, May 10, 2010

A closer look at controlling and subordinate relationships

In an attempt to prevent conflicts of interest from arising among corporate board members, the Financial Supervisory Commission (FSC) issued a directive in February 2010 giving its interpretation of Article 26-3, paragraph 2.....