Online voting in Taiwan continues to increase its reach thanks to the efforts made by the Taiwan Depository and Clearing Corporation (TDCC) to modernize its election platform.
A new remote online voting app allows shareholders with a secure ID, to vote directly at the meeting using his mobile device.
According to Taiwan’s corporate legislation, casting votes electronically online is as valid as being present “physically” at a meeting. In consequence, shareholders can take part in elections and meetings in several companies simultaneously.
The use of online voting increased 1.77 times from 2013 to 2014. Currently, 36% of the share holders use it to voice their opinions.
According to data collected by the TDCC, by June 3, 34 companies used the online voting system in their shareholders’ meetings and 235,000 i-votes were cast.