Taiwan investor relations institute to hold chartering ceremony
The recently established Taiwan Investor Relations Institute (Tiri) aims to strengthen the investor relations community within Taiwan and raise the profile of IROs at listed and private companies, as well as those preparing to float shares on the Taiwan Stock Exchange.
Its official chartering ceremony is set for October 23.
‘With the maturing of the international capital market, Taiwan’s listed and over-the-counter companies need to accelerate the pace to understand how to communicate with the global capital markets. Otherwise, Taiwan’s capital market may be marginalized from the global markets,’ says Jonathan Chiou, secretary general of the institute.
Tiri elected its board members ahead of its first general assembly in May earlier this year and was approved for registration by Taiwan’s Ministry of the Interior in June. The institute comprises 20 IROs from a range of listed companies who also serve on its executive committee.
It was initially created to address the incongruence of Taiwan’s long-existing stock exchange with the absence of an official IR institution to represent professionals in the country.
Tiri’s board also includes honorary chair Dr Elizabeth Sun of Taiwan Semiconductor Manufacturing Company and chairwoman Fu fu Shen of ChungHwa Telecom, both of whom are experienced IROs.
‘One of the goals of Tiri is to establish collaborative relationships with other IR societies around the world,’ says Shen.
Gary LaBranche, president and CEO of NIRI and a speaker at the forthcoming ceremony, comments: ‘The launch of Tiri demonstrates the continued growth, development and evolution of investor relations. NIRI is honored to take part in the chartering of Tiri and salutes its board and members as they embark on their journey. We welcome Tiri to the community of IR societies.’
Chiou says Tiri’s next step is to engage with societies in the UK, Hong Kong, Singapore, Japan and China. He adds that Taiwan stock authorities have attached greater importance to investor relations over the past several years, and that IR marks a key project in the Financial Supervisory Commission’s corporate governance blueprint for 2018.