CG Watch 2010
Taiwan
Figure 88
Taiwanese corporate CG score almost four points below regional average
Taiwan corporate scores against regional average CG score Discipline Transparency Independence
Taiwan Average of markets
Accountability Responsibility Fairness C&G/CSR 0
10
20
30
40
50
60
70
80
Figure 89
TSMC is clearly ahead of other companies in Taiwan in terms of CG
Taiwan: Companies in top-two CG quartiles Top quartile Taiwan Semiconductor (TSMC) Young Fast Optoelectronics Richtek Vanguard China Steel Lite-On Technology Chroma Greatek AUO Quanta WPG Acer Siliconware Precision Compal Electronics Realtek E Ink United Microelectronics
Code 2330 TT 3622 TT 6286 TT 5347 TT 2002 TT 2301 TT 2360 TT 2441 TT 2409 TT 2382 TT 3702 TT 2353 TT 2325 TT 2324 TT 2379 TT 8069 TT 2303 TT
Second quartile Asustek Computer Giant Manufacturing Cathay Financial Novatek Microelectronics FATC Alpha Networks HTC Advantech Catcher Tech Mirle Automation Chunghwa Telecom Advanced Semiconductor Formosa Chemicals and Fibre Unimicron E.Sun Financial Taiwan Mobile Epistar
Code 2357 TT 9921 TT 2882 TT 3034 TT 8131 TT 3380 TT 2498 TT 2395 TT 2474 TT 2464 TT 2412 TT 2311 TT 1326 TT 3037 TT 2884 TT 3045 TT 2448 TT
Source: CLSA Asia-Pacific Markets
106
jamie@acga-asia.org
2 September 2010