UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
JANUARY 29, 2007
Date of Report (Date of earliest event reported)
THE TAIWAN FUND, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 811-04893 042942862
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification Number)
C/O STATE STREET BANK AND TRUST COMPANY, 2 AVENUE DE LAFAYETTE,
6TH FLOOR, PO BOX 5049, BOSTON, MA 02206-5049
(Address of Principal Executive Offices) (Zip Code)
(800) 639-9242
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
__ Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
__ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 4.01. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a)(1) Previous independent accountants
(i) On January 29, 2007, KPMG LLP was notified by the
Chairman of the Audit Committee of the Fund that it had
been dismissed as principal accountants for the Fund.
(ii) KPMG LLP's reports on the Fund's financial statements for
the fiscal years ended August 31, 2006 and August 31,
2005 did not contain an adverse opinion or a disclaimer
of opinion, nor was such report qualified or modified as
to uncertainty, audit scope or accounting principles.
(iii) The decision to change accountants was recommended and
approved by the audit committee of the Fund's board of
directors.
(iv) During the Fund's two fiscal years ended August 31, 2006
and for the period September 1, 2006 through January 29,
2007, there were no (i) disagreements with KPMG LLP on
any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the
satisfaction of KPMG LLP, would have caused KPMG LLP to
make reference in connection with their opinion to the
subject matter of the disagreement; or (ii) reportable
events.
(v) The Fund has requested that KPMG furnish it with a letter
addressed to the SEC stating whether or not it agrees
with the above statements. A copy of such letter is filed
as an exhibit to this form 8-K.
(2) New Independent Accountants
On April 23, 2007, the Fund's board of directors voted to engage Tait,
Weller & Baker LLP, to audit its financial statements for the year ended August
31, 2007. The Fund has not consulted Tait, Weller & Baker LLP, during the two
most recent fiscal years regarding the application of accounting principles to a
specified transaction, either completed or proposed, or the type of audit
opinion that was rendered on the Fund's financial statements, and written
reports and no oral advice was provided to the Fund by concluding there was an
important factor to be considered by the Fund in reaching a decision as to an
accounting, auditing or financial issue. In the past two years the Fund has not
consulted Tait, Weller & Baker LLP, on any matter that was either the subject of
a disagreement, as that term is defined in Item 304 (a)(1)(iv) of Regulation S-K
and the related instructions to Item 304 of Regulation S-K, or a reportable
event, as that term is defined in Item 304 (a)(1)(v) of Regulation S-K.
ITEM 5.02. DEPARTURE OF DIRECTORS, ELECTION OF DIRECTORS.
(b) On April 23, 2007, Shao-Yu Wang and Blair Pickerell resigned as
Directors of the Fund.
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(d) On April 23, 2007 Michael F. Holland and Bing Shen were elected to
the Fund's Board of Directors. A copy of the press release announcing the
election of Messrs. Holland and Shen is filed as an exhibit to this form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
No. Description
--- -----------
99.1 Letter from KPMG LLP to the Securities and Exchange Commission
dated April 27, 2007.
99.2 Press Release announcing the election of Messrs. Holland and Shen
to the board of directors.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: May 10, 2007
By: /s/Adelina Louie
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Name: Adelina Louie
Title: Secretary and Treasurer
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EXHIBIT INDEX
Exhibit
No. Description
--- -----------
99.1 Letter from KPMG LLP to the Securities and Exchange Commission
dated April 27, 2007.
99.2 Press Release announcing the election of Messrs. Holland and Shen
to the board of directors.
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