Taiwan’s political disrupter could be kingmaker in a split parliament. Here’s why it matters

By Clement Tan | January 26, 2024 | CNBC.com

TAIPEI — “One day, we’ll get our victory,” Ko Wen-je, the vanquished presidential candidate for the Taiwan People’s Party, said at his concession speech two weeks ago.

He urged his disappointed young supporters, some of them crying, not to give up, and framed himself as a one-man social movement crusading for political change.

“For me, over the last 10 years, whether I was in office or standing for election, I have always regarded it as a social movement aimed at changing political culture. Since this social movement has not fully materialized, let’s keep working hard,” the former Taipei City Mayor told supporters in Mandarin.

While he may have finished last in the first competitive three-way race for the Taiwan presidency since 2000, Ko garnered more than a quarter of the popular vote — disrupting the usual stranglehold of the dominant political parties, the ruling Democratic Progressive Party and Kuomintang.

The 63-year-old clearly resonated with the young and educated as he spoke plainly into their everyday bread-and-butter issues, including soaring housing costs and stagnant wages at a time of high inflation.

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Japan wants higher returns for investors — here’s what it’s doing

By Clement Tan | January 12, 2024 | CNBC.com

Japan is stepping up efforts to ensure its listed companies become more efficient with capital allocation and increase shareholder returns this year.

The operator of Tokyo’s stock exchange will release Monday, its first monthly list of public companies that have shared their plans for optimizing capital management to enhance returns for their investors.

The Japanese government and the TSE also have plans in the works for increasing corporate board independence and female representation.

“It’s not just the Tokyo stock exchange, but the entire Japan government is pushing for better corporate governance right now,” said Toru Yoshikawa, a business professor at Waseda University in Tokyo.

The Tokyo Stock Exchange is entering into its second year of corporate governance reforms, kickstarted in March last year, by directing listed companies whose shares are trading below a price-to-book ratio of one — an indication it may not be using its capital efficiently — to “comply or explain.”

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