From the previous Inside Investor Relations article: “How should an IRO work with the C-suite management?” we went through IRO’s role within the organization. In this volume, we would like to introduce how to form an effective IR team with examples of Taiwan semiconductor firms. For most Taiwan small- and mid-cap companies, the spokesperson, besides his/her daily responsibility, is also a part-time IRO. When IR activities increase along with company’s improving fundamental, it is necessary to assemble an IR team to communicate effectively with the capital market.