Joseph Lyu (
Lyu said he would reach out to the company's labor unions, which had long expressed opposition to the newly elected management team he leads.
'win-win'
"I'd like to create a win-win situation for clients, employees and shareholders," Lyu told reporters after Mega Financial's board meeting, which approved his chairmanship and Ray Dawn's (
"Human capital and innovation are key and these are the most important determiners of the financial services sector's success," he said.
The labor union at Mega Financial subsidiary Mega International Commercial Bank (
Lyu, a former minister of finance, dismissed the accusation yesterday, saying the ministry had not regulated the banking sector since the establishment of the Financial Supervisory Commission in 2004.
wait-and-see
Mega Financial subsidiary labor unions said yesterday they would adopt a wait-and-see approach to Lyu.
"We hope the new chairman will work sincerely to protect the rights of bank employees," said Hsu Chen-chiang (
The Mega International labor union said it wanted a seat on the bank's board.
"We hope the government will grant one of the financial provider's 15 seats to an employee representative," said Tsai Yuan-cheng (蔡元鎮), chairman of the Mega International labor union.
Meanwhile, incoming Mega president Dawn lauded the unions' contributions to Mega, whose earnings per share of NT$1.63 last year he said were the fourth highest in the sector.
Asked if he might have to step down after the presidential election in March, Lyu said he would do his best regardless of the length of his term.
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