In response to the amendment of Paragraph 5 of Article 14 of the Securities and Exchange Act on December 5, 2018, “when a company whose stock is listed for trading on the stock exchange or over-the-counter securities exchange prepares its annual financial report in accordance with Paragraph 2, it shall additionally disclose relevant information, including the average salary of all the company''s employees and any adjustments thereto, in accordance with the regulations prescribed by the competent authority,” the FSC introduced the modification of Form 8-7 specified in Article 23 of the Regulations Governing the Preparation of Financial Reports by Securities Issuers on April 24, 2019. The main amendments were as follows:
1.TWSE- and TPEx-Listed Companies shall disclose the average employee benefit, average employee salary and the adjustments to average employee salary of the current year compared with the previous year in Form 8-7.
2.The amendment will come into force starting from issuers preparing 2019 parent company only financial reports.