In the CG Watch 2016 announced by the Asian Corporate Governance Association (ACGA) and CLSA, Taiwan ranked 4th of the 11 countries rated (behind Singapore, Hong Kong and Japan), up by two places on the last rankings, CG Watch 2014. Taiwan’s overall score increased to 60 points from 56 (four points), the biggest increase of any rated country.

ACGA announces the corporate governance rankings every two years, the countries rated for five categories, namely, CG rules and practices; enforcement; political and regulatory environment; accounting and auditing; and CG culture.

Taiwan’s score in each of the five categories this time is as the following:

1. CG rules and practice (54 points, up by 6)

2. enforcement (54 points, up by 7)

3. political and regulatory environment (64 points, up by 1)

4. accounting and auditing (77 points, up by 2)

5. CG culture (50 points, up by 3) 

The improved ranking this time shows that since the FSC issued the corporate governance blueprint for Taiwan in 2013, through complete legal system, enterprise self-discipline, and market mechanism, the effort to make enterprises and investors pay more attention to corporate governance has been a success and achieved international recognition. The FSC will continue to promote corporate governance, aiming to enhance the governance level of capital markets in Taiwan, strengthen investor protection, improve Taiwan’s international image, and create a good investment environment.