TECO Makes Top 5% List in Corporate Governance for Fourth Straight Year

TECO Electric & Machinery has made the top 5% list, for the fourth year running, in the corporate-governance evaluation by Taiwan Stock Exchange, an honor in recognition of the company's dedication to the fulfillment of corporate-citizen responsibilities, creating a win-win outcome for shareholders and the society. Sophia Chiu, TECO chairperson, will attend the award ceremony, held on May 29.

TECO is the only company in the electromechanical manufacturing industry on the top 5% list, which includes only 43 companies, among 1,536 companies listed on the exchange market and over-the-counter (OTC) market, covered by the evaluation. Only 16 have stayed on the top 5% list for four years in a row.

In adherence to the concept of "integrity-oriented management, materialization of corporate governance, fulfillment of social responsibilities, and quest for sustainable management" from the outset, plus the theme of "energy conservation, emission reduction, smart application, and automation," TECO has been dedicated to the development of intelligent and green-energy products in recent years, not only providing growth momentum for the industry but also alleviating burden on the environment.

Sophia Chiu remarks that TECO will continue intensifying its effort in corporate governance and social responsibilities, adhering to integrity-oriented management principle and the concept of sustainable development, plus constant self review, in the hope of making TECO a guidepost for corporate governance, so that the company can contribute to the growth of the entire industry and the upward movement of the society when proceeding down the road of continuous growth.