The Taiwan Stock Exchange announced the results of its 11th Corporate Governance Evaluation on Wednesday, April 30. A total of 976 listed companies and 778 over-the-counter companies were evaluated, totaling 1,754. Among them, Yu Lung (2201), China Steel (2204), UMC (2303), TSMC (2330), Taiwan Mobile (3045), FarEasTone (4904), and Xinyi (9940) have maintained their position in the top 5% for 11 consecutive years, earning them the title of governance role models.

The Exchange noted that the corporate governance evaluations are grouped into seven tiers based on scores each year. Over the past 11 years, listed companies have shown significant improvements in four major areas: safeguarding shareholder rights, enhancing board structure and operations, increasing information transparency, and promoting sustainable development.

However, despite larger companies having more resources for governance, three companies with market caps in the top 100 (over NT$100 billion) fell into the last tier of 66% to 80%, namely Hi-Tech (3653), Silergy-KY (6415), and Da Fa (6526).

Furthermore, the Exchange plans to hold an awards ceremony in June to recognize top-performing listed and over-the-counter companies, promoting continuous improvement in corporate governance and ESG initiatives among firms.