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Ministry insists heads of state firms chosen for skills By Crystal Hsu / Staff reporter The Ministry of Finance yesterday said that professional credentials are what determine its top choices for chief executives of state-run financial institutions, in an attempt to rebut media reports about political intervention. The clarification came after local Chinese-language media said that political influence was behind leadership reshuffles at First Securities Inc (第一金證券), Mega Securities Co (兆豐證券) and other companies where the ministry controls a majority stake and names senior executives, with approval from the Executive Yuan. The ministry said that former First Securities chairman Yeh Kuang-chang (葉光章) tendered his resignation after it launched a probe into allegations of mismanagement and misconduct. ....
Taiwan Business Bank chair to step down on April 1 By Crystal Hsu / Staff reporter The Ministry of Finance yesterday said it has accepted the resignation of Huang Po-yi (黃博怡) as chairman of state-run Taiwan Business Bank (台灣企銀). Huang’s departure, effective April 1, came just a few months before a board election is to be held and followed a series of similar moves by top-ranking officials at state-run financial institutions. Like most other local companies, Taiwan Business Bank is due to hold its board election in June and the ministry is in the process of tapping potential candidates. Taiwan Business Bank chairman Huang Po-yi speaks at an event in Taipei on March 16 last year. Huang yesterday offered to resign, effective April 1. ....