Date: 20-21 October, 2016 First Day Forum Venue: Convention Hall, Howard Civil Service International House 2F, No. 30, Sec. 3, Shin-Sheng South Road. Taipei, Taiwan

Second Day Roundtable Venue: Taiwan Stock Exchange, Taipei 101 Building 9F, No.7, Sec.5, Xinyi Road. Taipei, Taiwan

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FORUM INFORMATION

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WELCOME REMARKS

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The 11th Taipei Corporate Governance Forum

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The 11th Taipei Corporate Governance Roundtable

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Post-Forum Tour

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Registration Form for Participants

FORUM INFORMATION The Financial Supervisory Commission recognizes the importance of corporate governance, and thus has held the Taipei Corporate Governance Forum (TAICGOF) 10 times since 2003 to advocate and convey the significance of corporate governance to companies, cultivate corporate governance culture, and facilitate effective implementation with the aim of strengthening companies’ competitiveness. The forum brings together corporate directors and global professionals from this field, not only updating participants and policy makers about international corporate governance trends but also providing a perfect opportunity for them to exchange ideas on related policy reforms. The theme of the 11th TAICGOF focuses on corporate sustainability. Facing the environmental, social and economic issues derived from the impact of climate change and limited resources, companies have to assume social responsibilities, together with good corporate governance, to pursue sustainable development. To that end and to respond to the mainstream of responsible development, companies should continuously quest clear disclosure of their policies on discharging social responsibility and non-financial information, assess their operational impact on the environment and society, and assist to resolve potential environmental and social issues in the means of their core businesses. Recently, domestic family-controlled businesses have been encountering succession, ownership and management issues. To maintain their global competitiveness and sustainable development, family-controlled companies are concerned with the following aspects which are also the main focus of the forum: proper governance mechanisms for passing on corporate legacy, increasing corporate values, and creating benefits for investors and society as a whole. The G20/OECD Principles of Corporate Governance updated in 2015 contain a new chapter: institutional investors, stock markets and other intermediaries. In June 2016, by referring to the preceding chapter and the international trends on shareholder activism, Taiwan launched the “Stewardship Principles for Institutional Investors”. It attemps to urge institutional investors to exercise their best practices in the market and to take part in promoting good corporate governance in our capital market. By so doing, institutional investors also create long-term value for their clients and beneficiaries. The forum will discuss the roles and impact of institutional investors on good corporate governance and social responsibility. It will also touch upon the workable approaches of cooperation between investee companies and institutional investors to level up good corporate governance practices. The forum invites representatives from domestic listed companies and experts from both domestic and foreign corporate governance organizations. Valuable insight from keynote speeches, panel discussions and a case study will augment awareness of corporate governance value, strengthen its implementation and bolster commitment to corporate governance in Taiwan. 1

WELCOME REMARKS Dear Colleagues, On behalf of the Financial Supervisory Commission, I cordially invite you to attend the 11th Taipei Corporate Governance Forum (TAICGOF) on 20-21 October 2016 in Taipei. The major objectives of the 11th TAICGOF program are to review current issues related to corporate governance, to explore further development trends, and to discuss how to optimize the role of regulators. The main topics include “Implementing Corporate Governance and Social Responsibility,” “Trends in Non-Financial Information Disclosure and Global Sustainability Policies,” “Corporate Governance of Family-Controlled Businesses” and “Shareholder Activism.” The 11th TAICGOF will bring policy makers, corporate executives, and capital markets professionals together to exchange experiences and build up connections. In the past, many top leaders from IOSCO member regulators, the OECD, the Asian Corporate Governance Association, well-known corporate governance institutes, and stock exchanges in this region have made great contributions to the Forum. Please refer to the event online for more details at: http://taicgof.tpex.org.tw/. We also hope to make your visit to Taiwan an unforgettable experience, so please do join our complementary tour on the afternoon of 21 October. We look forward to welcoming you to Taipei this October.

Sincerely,

Kung-Wha Ding

Chairman Financial Supervisory Commission

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The 11th Taipei Corporate Governance Forum Agenda

DAY I : Thursday, 20 October 2016 Place : 2F Convention Hall, Howard Civil Service International House Time Themes 08:30-09:00 Registration 09:00-09:10 Opening Remarks 09:10- 09:30 Keynote Speech（I） Implementing Corporate Governance and Social Responsibility for Corporate Value Creation 09:30- 09:50 Keynote Speech（II） Trends in Non-Financial Information Disclosure and Global Sustainability Policies 09:50- 10:20 Tea Break 10:20- 11:50 Panel Discussion（I） Corporate Governance of Family-Controlled Businesses Background 1. Family-controlled businesses are prevalent in Asia, but their growth appears to be stagnant. Compared to the size of family-firms in Europe and North America, Asian family-firms are smaller, which results in challenges for them to compete for resources in the global market and to maintain sustainable development. 2. Recent controversial cases of successions and management fights of family-controlled companies drew our attention and revealed the importance of mapped out succession plans and corporate governance for family-controlled companies. Continuity of corporate legacy, value creation and stable growth are key components for family-controlled companies, and are beneficial to investors and society as a whole. Issues for discussion: What are the opportunities and challenges of corporate governance that Asian family-controlled businesses face? What issues will be the top priorities for concern when managing or investing in companies with a high percentage of family ownership? What are the differences in terms of corporate governance between family-controlled businesses and other types of enterprises? What are the possible mechanisms for value creation and growth of family-controlled businesses?

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The 11th Taipei Corporate Governance Forum Time Theme 11:50- 14:00 Lunch 14:00- 16:00 Panel Discussion（II） Shareholder Activism Background 1. Corporate governance has long been focused on improving the effectiveness of the board function to reduce proxy costs. As early as 1999, the World Bank included further factors in its corporate governance framework wherein internal and external architecture of this field was expanded to include additional stakeholders. The G20/OECD Principles of Corporate Governance launched in 2015 have identified institutional investors as crucial participants in corporate governance best practices. 2. To obtain the goal of “promoting shareholder activism” as outlined in the “Corporate Governance Roadmap 2013", Taiwan launched the “Stewardship Principles for Institutional Investors “ in June 2016. The said principles value institutional investors’ input in the market and urge them to communicate with investee companies for long-term shared values. The principles also serve as a catalyst which directs capital to companies that attach importance to good corporate governance. In a word, the principles try to create 3-wins—improve corporate governance, create long-term values for the public, and maintain sound investment. Issues for discussion: What is the origin of the Stewardship Principles? What are the latest developments and international practices? What are the applications and outlook for the Stewardship Principles in various countries?

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Taipei Corporate Governance Roundtable Agenda

DAY II : Friday 21 October, 2016 Place: 9F, Taiwan Stock Exchange, Taipei 101 Building Time Themes 09:00-09:30 Registration 09:30-11:30 Roundtable Discussion Case Study Background In this Roundtable, a renowned local scholar will lead the discussions on cases of corporate governance worldwide. Participants are encouraged to analyze the cases and seek the root of the problem through feasible recommendations by brainstorming and discussion. Contribution and feedback from participants’ past experience on carrying out corporate governance policies are also welcome. By exchanging views, participants can build on analysis and problem solving skills, which allow them to enhance strategic approaches when encountering similar issues in the future. Issues for discussion: Why scandals occur in a well-known international enterprise? What is the collateral effect of global fraud cases? How does corporate governance add value to enterprises? How can similar scandals be avoided in the future?

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Post-forum Tour Taipei One Day Tour Friday, 21 October, 2016 13:10 Pick up in front of Taipei 101 13:40 Taiwan Stock Museum 15:00 Martyrs’ Shrine 16:30 The Grand Hotel 18:00 National Palace Museum 20:00 Dinner at Silks Palace at National Palace Museum

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Post-forum Tour Taiwan Stock Museum "Taiwan Stock Museum", the only one of its kind in Taiwan, officially opened to the public on December 24, 2012. The museum was meticulously planned and established by the Taiwan Depository & Clearing Corporation (TDCC) following the achievement of full securities dematerialization in July 2011. The museum represents a repository of artifacts that have witnessed the historical development of Taiwan's stock market. It is expected that through the recording of the course of development of Taiwan's securities market in an earnest manner. Its history, current development and future will be revealed to the visitors via a time tunnel. The museum boasts a valuable collection of precious historical artifacts and related literature, which bear witness to history. The collections include the replica of the world’s first stock certificate and the stock certificate that dates back to Qing Dynasty. All exhibitions tell the stories of how stocks have influenced the society and everyday life, as well as the arts and humanities. The Stock Museum is full of interesting items and information worth exploring and savoring.

Martyrs’ Shrine The National Revolutionary Martyrs' Shrine is located in Zhongshan District, Taipei, Taiwan, dedicated to the martyrs of the Republic of China. The Shrine was completed in 1969 and it resembles the architecture of the Hall of Supreme Harmony in Beijing's Forbidden City. The grand architecture covers a large area of land. Inside the shrine are the numerous plaques of martyrs as well as pictures illustrating the history of the building of our nation, a tribute to the selflessness of these brave people. Worth mentioning is the military police officers who guard the main gate, and who have been rigidly trained to stand like expressionless statues. Tourists are amazed at this display of composure and flock to see the hourly ceremonial changing of the honor guards.

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Post-forum Tour The Grand Hotel The Grand Hotel was established in 1952. Supported by red columns and golden roof tiling, the Grand Hotel stands midway up Yuanshan, much like a majestic 14-story palace. Facing Keelung River, with Yangming Mountain to its back, the hotel offers an amazing view of Songshan District to the East and Tamshui to the West. The Grand Hotel, structured through western construction methods, is decorated with elegant classical Chinese details. This fusion of East and West makes the hotel a fine expression of Chinese art upon a foundation of modern western architecture. Whether hotel guests travel on vacation or on business, those who stop by and marvel at the architectural beauty of the hotel would no doubt want to reserve for themselves a wonderful stay. National Palace Museum The National Palace Museum houses the world's largest collection of priceless Chinese art treasures, one which spans China's nearly 5,000-year history. Most of the museum's 608,000 art objects were part of the Chinese imperial collection, which began over 1,000 years ago in the early Song dynasty. In March 2012, an annual survey in a British art journal (The Art Newspaper), ranked the NPM as the seventh most popular museum in the world—the highest ranking museum in Asia, listed only after museums in France, the United States, and England. In March 2014, The Art Newspaper in UK released the results of its 2013 annual survey, revealing that the National Palace Museum won first and second place in exhibition popularity for the exhibitions in both cross-strait exchange and international cultural cooperation. Well-planned exhibitions, through education and display, will inevitably attract visitors by providing a high quality of entertainment and display. During peak seasons, the NPM may receive upwards of 15,000 visitors in a single day. By 30 June, 2016, the NPM had accumulated 696,396 pieces of artifacts.

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The 11th Taipei Corporate Governance Forum 20-21 October 2016, Hosted by Financial Supervisory Commission, Chinese Taipei Registration Form for Participants (＊ Denotes a required field)

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FORUM VENUE & ACCOMMODATION

First day Forum venue is at the Howard Civil Service International House. (No.30, Sec. 3, Shin-Sheng South Road. Taipei, Taiwan) http://intl-house.howard-hotels.com.tw/CT_AsiaPacific1.php Second day Roundtable Venue is at Taiwan Stock Exchange, Taipei 101 Building (9F, No. 7, Sec. 5, Xinyi Road. Taipei, Taiwan) http://www.twse.com.tw/en/ Please find below a list of suggested hotels located within walking distance from the venue. For more details and reservation, please visit the websites. Please indicate your preference below:

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Hotel Howard Civil Service International House Li Yuan Hotel

Check-In & Out Dates Check-in date: Check-out date: Check-in date: Check-out date:

Website http://intl-house.howard-hotels.com.tw/ CT_AsiaPacific1.php http://www.liyuan.tw/about_en.php

ATTENDANCE AT SOCIAL EVENTS Please indicate if you will be attending the Gala Dinner on 20 October 2016. Yes □ No □ Please indicate if you will be attending the Post-forum Tour on 21 October 2016.

(Smart casual and comfortable footwear are required)

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DIETARY INFORMATION Please state your dietary restrictions (if any): Please use registration online service to complete the form. ( online registration only ) You can also find more information about the event on our website: http://taicgof.tpex.org.tw/ For more Information, please contact: Mr. Leo Fu Education Center Securities and Futures Institute TEL:+886-2-2357-5108 E-mail: [email protected]

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