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FSC: electronic voting efficacy good
Taiwan News, Staff Writer
2014-07-18 02:12 PM

The Financial Supervisory Commission released the status of electronic voting during shareholders meetings in 2014. This year shareholders employing electronic voting to exercise voting rights numbered 1,614,920, an increase of 177% compared to 2013. Number of shares exercising voting rights totaled 155.91 billion, an increase of 130% compared to 2013.

The FSC stated, shareholders meetings for all listed and OTC companies had been successfully convened before June 30. A total of 204 listed and OTC companies included electronic voting as a method for the exercise of voting rights at shareholders meetings. Electronic voting was mandatory among 192 of these companies and voluntary among 12.

General shareholders cast the most number of electronic votes (non-professional institutional bodies) at 110,620 or 68.5% of total votes cast. Second were custodial banks representing foreigner investors.

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