CTCI Advanced Systems Inc. and ECOVE Environment Corporation Evaluated as Top 5% in the“2017 Corporate Governance Evaluation System”

Taiwan Stock Exchange Corporation (TWSE) and Taipei Exchange (TPEx) announced the 2017 Corporate Governance Evaluation results. CTCI Advanced Systems Inc. (CTCI ASI) and ECOVE Environment Corporation (ECOVE) were evaluated as top 5% of the TPEx listed companies.

The award ceremony was held on May 29, 2018 at the 9th floor of Taipei 101. Mr. Chen-Chin Chen, Chairman of CTCI ASI, and Mr. J. J. Liao, Chairman of ECOVE, received the awards from Mr. Wellington L. Koo, Chairman of the Financial Supervisory Commission, on behalf of CTCI ASI and ECOVE 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 6 categories and 99 indicators: protecting shareholder rights and interests, treating shareholders equitably, enhancing board composition and operation, increasing information transparency, putting corporate social responsibility into practice, and others.

In 2016, all the entries in the evaluation include 861 TWSE-listed companies and 675 TPEx-listed companies as a whole. The awards demonstrate that CTCI obeys the laws and regulations and voluntarily enhances mechanism of corporate governance.

Mr. Chen-Chin Chen (left), Chairman of CTCI ASI, receives the awards from Mr. Wellington L. Koo, Chairman of The Financial Supervisory Commission.

Mr. J. J. Liao (left), Chairman of ECOVE ENC, receives the awards from Mr. Wellington L. Koo, Chairman of The Financial Supervisory Commission.