[Taipei, San Francisco – May 19th, 2021] Taiwan Depository & Clearing Corporation (TDCC), a central securities depository and the leading ESG promoters in Taiwan and Asia, and Glass Lewis, the world’s leading provider of independent research and governance solutions, today announced their strategic partnership. TDCC will provide corporate issuers listed on Taiwan Stock Exchange (TWSE) and Taipei Stock Exchange (TPEX) with a complimentary copy of their Proxy Paper research report as soon as it has been published by Glass Lewis.
“Taiwan commits to enhancing transparency of proxy recommendations, which would benefit both companies and investors”, said TDCC chairman Sherman Lin. “We are delighted to partner with Glass Lewis in this iconic project. “Now Taiwan is the first market in the world where the central securities depository helps ensure that companies have timely access to Glass Lewis’ Proxy Paper research reports.”
“We are seeing a sustained increase in demand for meaningful and actionable governance research across the Asia Pacific region,” said Stanley Soosur, Country Head Australia at Glass Lewis. “Our strategic partnership with TDDC will ensure that companies listed on these exchanges have a detailed understanding of the global proxy voting polices leveraged by our 1,300+ institutional clients - many of whom invest directly via TWSE and TPEX. With a strong global focus on ESG issues, it has never been more important for companies to understand how investors vote.”
The initiative is the latest offering of TDCC’s ESG solutions. In 2020, TDCC launched Taiwan ESG Dashboard, the world’s first consolidated and public platform displaying ESG rating published by major ESG rating agencies. Hundreds of corporate issuers have relied on the Dashboard to access and monitor ratings of Taiwanese corporate issuers.
https://www.tdcc.com.tw/portal/en/news/content/40289796782a41900179824d1d0d0097