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FSC adjusts shareholder meeting epidemic control measures after lowering of COVID-19 alert level

2021-09-08
To ensure that shareholders' meetings can proceed smoothly even as proper measures are taken to guard against the spread of COVID-19, the FSC announced earlier this year that the number of people allowed in physical shareholders' meeting venues would be limited to 20 or fewer people in any indoor venue and 40 or fewer people at any outdoor venue, and that companies which convene physical shareholders' meetings would be required to comply with the pandemic prevention measures and related guidelines issued by the Central Epidemic Command Center (CECC). More recently, in coordination with a decision by the CECC to lower the COVID-19 alert level, the FSC announced that, beginning from 27 July 2021, if the CDC requirements are more favorable than the aforementioned limits on attendance at physical shareholders' meetings, the more favorable parts shall apply. The FSC has also called on the Taiwan Depository and Clearing Corporation to coordinate with the CECC's announcement to amend its related epidemic control guidelines, thereby preparing the way for public companies to smoothly convene their shareholders' meetings.
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  • Update: 2021-09-08
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