TECO Motor Reaches Top 5% in Corporate Governance Assessment for Three Consecutive Years
The Taiwan Stock Exchange held its third annual "Corporate Governance Assessment" awards ceremony today (the 23rd). TECO Motor, one of the world's top three motor brands, has been ranked in the top 5% for three consecutive years. Its outstanding corporate
governance performance, with its balanced focus on revenue, profitability, and sustainable operations, further affirms TECO's commitment and achievements in building a strong corporate governance system.
This year's OTC corporate governance assessment included 834 listed companies, of which only 43 were ranked in the top 5% of corporate governance. TECO has received this recognition for three consecutive years. This assessment is based on the five principles
of corporate governance outlined in the 2004 OECD, encompassing six key areas: "Protecting Shareholder Rights," "Equal Treatment of Shareholders," "Strengthening Board Structure and Operations," "Improving Information Transparency," "Fulfilling Corporate Social
Responsibility," and "Other." Fewer than 3% of companies have achieved this distinction.
TECO Electric Chairman Chiu Chun-chih vigorously promotes corporate governance. In addition to pursuing revenue and profits, TECO also implements its business philosophy of "upholding integrity in operations, implementing corporate governance, fulfilling
social responsibilities, and pursuing sustainable operations." By fulfilling its corporate social responsibility and striving to give back to society, TECO is laying the foundation for sustainable corporate development. We hope that TECO will become a benchmark
for corporate governance.
