Ta Ya Ranks Top 20% in the 1st Corporate Governance Evaluation

2015/05/01

       Taiwan Stock Exchange Corporation (TWSE) recently announced the results of its "First Corporate Governance Evaluation," in which Ta Ya was found to be ranked among the top 20% of all public-listed companies. Chairman Shen Shang-Hung said: "Satisfying shareholders is one of the four main missions of Ta Ya Group. We achieve this goal by constantly improving our corporate governance framework and information transparency, and thereby protect shareholders' interests as well as fulfill our commitment towards sustainable business."

       According to TWSE, this evaluation used a total of 92 indicators that covered five main aspects: protection of shareholders' interests (15%), fair treatment for shareholders (15%), board structure and functionality (35%), information transparency (20％), and stakeholders' interests and corporate social responsibilities (15%). The evaluation process first requires the Company to complete a self assessment; the Corporate Governance Center then assigns its review team to assess performance category-by-category before submitting its result for discussion by the Evaluation Committee. A total of 1,393 TWSE and TPEX-listed companies were rated in this evaluation; 160 TWSE-listed companies and 119 TPEX-listed companies were ranked in the top 20%.

       Ta Ya has been active in promoting sound corporate governance and corporate social responsibilities for many years. In December 2011, Ta Ya's board of directors passed a resolution to establish a Remuneration Committee During the annual general meeting held in June 2012, 3 independent directors were introduced to the board, making it the first cable manufacturer in Taiwan to adopt the independent director system. In August 2012, Ta Ya voluntarily prepared its corporate social responsibility report, which was also an unprecedented decision among peers. Chairman Shen said: "In the future, Ta Ya will adhere to its integrity principles and commit to sound corporate governance for the protection of shareholders' interests. Meanwhile, the board of directors will be exercising supervision and strive to place ourselves among the top 5% in next year's Corporate Governance Evaluation, which is believed to involve more stringent standards."

       TWSE Corporate Governance Center: http://cgc.twse.com.tw/promoteEvent/promoteEventArticleCh/150