CTCI Corporation, Advanced Systems Inc., and KD Holding Corporation Evaluated as Top 5% in the “2016 Corporate Governance Evaluation System”

A group photo showing Mr. John Lin, Group Chief Vice Chairman (2nd right), Mr. Hwei-Nan Yih (1st right), CEO of Group Intelligent Solutions Business, Mr. J. J. Liao (1st left), CEO of Group Resource Cycling Business, and Mr. Ming-Cheng Hsiao (2nd left), CEO of Group Shared Services after the ceremony.

Taiwan Stock Exchange Corporation (TWSE) and Taipei Exchange (TPEx) announced the 2016 Corporate Governance Evaluation Results. This year's evaluation released the full results of TWSE/TPEx listed companies according to the corporate governance roadmap. CTCI Corporation (CTCI), Advanced Systems Inc. (ASI) and KD Holding Corporation (KD), were evaluated as top 5% of the TWSE listed companies and the TPEx listed companies.

The award ceremony was held on May 23, 2017 at Taipei International Convention Center Mr. John Lin, Group Chief Vice Chairman, Mr. Ming-Cheng Hsiao, CEO of Group Shared Services, Mr. Hwei-Nan Yih, CEO of Group Intelligent Solutions Business, and Mr. J. J. Liao, CEO of Group Resource Cycling Business, received the awards on behalf of CTCI Corp., ASI and KD, respectively. 

The TWSE and TPEx launched “Corporate Governance Evaluation System”, conducted by the Securities and Futures Institute (SFI) to evaluate the performance of corporate governance among listed companies. The evaluation indicators comprise the 5 categories and 103 indicators: protecting shareholder rights and interests, treating shareholders equitably, enhancing board composition and operation, increasing information transparency, and putting corporate social responsibility into practice.

In 2016, all the entries in the evaluation include 843 TWSE-listed companies and 653 TPEx-listed companies as a whole. The awards demonstrate that CTCI group obeys the laws and regulations and voluntarily enhances mechanism of corporate governance.