As its economy thrives, Taiwan is pressing ahead with
its digitalisation efforts. One new initiative is the amendments to
the Company Act to allow public companies to hold shareholder
meetings virtually, enhancing flexibility and minimising disruption
amid any future force majeure events.
Last year, the Taiwanese economy, dubbed the 'Taiwan
Miracle' due to its rapid growth and success, grew at its
fastest pace for more than a decade.
As a major hub in the global technology supply chain for
companies such as Apple, Taiwan's economy has outperformed many
of its regional peers during the pandemic. Gross domestic product
(GDP) growth hit 6.28% in 2021, compared to 3.11% in 2020.
