[Last updated: 1 January 2024, unless otherwise noted]

Primary listing requirements. Any company applying for a primary listing must have at least five board members and at least two independent directors, at least one of whom must be domiciled in Taiwan. The number of independent directors must not be less than one-fifth of the total number of directors. If the laws of the country of incorporation provide that a certain court (other than the courts in Taiwan) has exclusive jurisdiction, at least two directors must be domiciled in Taiwan.

The issuer must have an audit committee. The audit committee must include all of the independent directors and must have at least three persons, one of whom will serve as the convener of the audit committee. The issuer must also establish a compensation committee, which should consist of three members appointed by the board of directors.

The issuer must submit a self-assessment report on its corporate governance. The report is to be assessed by the underwriter, which will provide an opinion on the report.

Secondary listing requirements. No similar provision applies to a secondary listed company.

Ongoing requirements. After listing, there are no additional similar corporate governance requirements for foreign issuers.