Minister of Finance Lin Chuan (林全) yesterday stressed that he will not take on the chairmanship of a private financial holding company after leaving his post, as he wished to avoid conflicts of interest.
He made the remarks in the legislature yesterday morning in response to criticism from lawmakers.
The lawmakers said that Lin's recent endeavors to push forth President Chen Shui-bian's (
They ridiculed the new regulation as the "Yen Ching-chang (顏慶章) clause."
Yen, former finance minister and the nation's former representative to the WTO, was elected chairman of Fuhwa Financial Holding Co (
Taiwan Solidarity Union (TSU) Legislator Lo Chih-ming (
Lin said that according to the Examination Yuan's explanation, Yen was no longer the finance minister when Fuhwa was established in February 2002, and therefore he did not violate regulations.
Lin reiterated his position when independent Legislator Chiu Yi (