The administrative department in Taiwan has been in progress of revision about the adoption in Company Act drafted by MOEA. After such revision is passed and validated, it would be promising for Taiwan companies to hold the shareholder meeting via video conference in the near future.

The way of operation for each enterprise strongly connected to the adoptions in Company Act. From May in 2021, hundreds of companies are hard to hold the shareholder meeting as usual pursuant to Company Act by the end of June due to the global pandemic issue. For unlisted companies, the guideline published by MOEA for companies can be referred to about the unnecessity of report to postpone the shareholder meeting to competent authorities. On the other side, for listed companies, an announcement was made by Financial Supervisory Commission about the postponement to hold the shareholder meeting as well as the emergency to hold an urgent meeting via video conference available.

As the current articles stated in Company Act, companies are not allowed to hold the shareholder meeting through video conference without the adoption on the article of association in each unlisted companies. For listed companies, it is totally not available to hold the shareholder meeting via video conference. However, with the progress of digital technology, the demand of video conference is increasing and the equipment and technique about video conference becomes ripe. To avoid the inconvenience occurred from force majeure incidents like Covid-19 these years, the flexibility to hold the shareholder meeting through video conference is required. Thus, the important revision this time can be referred to as below:

1. For unlisted companies and close companies, the adoption that the requirement to hold the shareholder meeting as the way stated in article of association is adjusted as the occurrence of force majeure incidents. The announcement of the availability to hold the shareholder meeting via video conference will be made to improve the flexibility.
   
   
2. For listed companies, the way to hold the shareholder meeting through video conference is available and the branch law enacted by securities authority is prevalent.