Information disclosure has always been an important focus for Delta. Parent company Delta Electronics began submitting semi-annual consolidated financial reports to accountants for audit and publication even before the relevant requirements became law. Delta Electronics' announcements to the Taiwan Stock Exchange are also updated in real-time. From Delta's website, the chairman's report to shareholders, financial statements, annual report, corporate governance regulations, relevant committee regulations, share price and dividend information, as well as the content of analyst meetings can be downloaded.
Additionally, Delta hosts analyst meetings on a regular basis where we announce and explain each quarter's consolidated financial data, business performance and future plans.
These meetings are webcast live over the Internet. Our efforts once again saw parent company Delta Electronics receive an A+ rating in transparency and information disclosure from the Securities and Futures Institute in Taiwan in 2011.
In the Institutional Investor magazine's 2011 All-Asia Executive Team rankings, Delta Electronics was recognized with the Top 3 "Best CEO – Mr. Yancey Hai", "Best Investor Relations" and "Best IR Professionals – Mr. Rodney Liu" in the technology/hardware sector for meeting the needs of analysts and investors. A total of 522 portfolio managers and investors, as well as 348 analysts participated in this sector-based survey. Six investor relations attributes were involved in the rankings, including accessibility of senior management, creditability and candor of IR departments, quality and depth of answers to inquiries, transparency of financial reporting and disclosure, and more.
As foreign investors hold the greater part of all Delta shares, communicating with foreign investors is especially important to us. We participate in a wide range of investors' forums each year and visit foreign shareholders directly in Asia, Europe and the United States. Apart from providing them with updates on the company's operations, we also welcome constructive feedback on our operations, finances and governance. At the same time, Delta welcomes visits from local and foreign investors, and we also arrange visits to our major manufacturing sites.
Individual investors are just as important to us as institutional investors. We have staff dedicated to answering inquiries from individual shareholders in detail. We also actively respond to questions and suggestions raised by shareholders at the annual shareholder meeting.
In the past few years, key international institutional investors have begun looking beyond financial statements and at sustainable development strategies, and potential risks and opportunities using tools such as the Dow Jones Sustainability Index (DJSI) questionnaire and Bloomberg Sustainability Survey. Other initiatives include the "Carbon Disclosure Project (CDP)" that asks thousands of participating enterprises to disclose their climate change related information each year using a standard survey and database. Investors can then use the information to assess investment risks and opportunities. The investor communications related to these issues are important to Delta and during the communications process we look for areas that may require improvement.