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.
Poland is betting on a flood of investments and technology transfers from Taiwanese companies to reengineer its US$1 trillion economy. Polish Prime Minister Donald Tusk said yesterday that Poland will no longer be “just an assembly hub” as it pursues further investments from the likes of Foxconn Technology Group (富士康). The firm, whose full name is Hon Hai Precision Industry Co (鴻海精密), last month agreed to build electric vehicles (EVs) in the European Union nation and now could be a partner in a semiconductor venture, he said. The government’s aim is to boost manufacturing and the country’s high-tech chops in an era
Taiwan remained the sixth-largest net creditor nation in the world last year, despite a fall of more than 10 percent in its net international investment position (NIIP) over the year, the central bank said yesterday. The NIIP is the difference between a country’s external financial assets and its external financial liabilities. Taiwan’s external financial assets hit US$3.27 trillion at the end of last year, up US$275.75 billion or 9.2 percent from a year earlier, the central bank said in its annual NIIP report. The growth largely reflected an increase in holdings of overseas marketable securities by residents in Taiwan, as well as a
RESTRICTION BREACH: ASML said that it denies ‘unfounded rumors regarding non-compliance with export controls concerning China,’ and enforces controls strictly US Secretary of Commerce Howard Lutnick in a series of recent meetings outlined concerns to Dutch chip-equipment giant ASML Holding NV’s senior leaders that one of its top-of-the-line machines might have made its way into China, in violation of US-led export restrictions. In the meetings, Lutnick expressed concern to ASML executives over the company’s extreme ultraviolet lithography (EUV) machines, people familiar with the talks said. EUV systems are used by firms such as Taiwan Semiconductor Manufacturing Co (台積電) to manufacture processors for the likes of Nvidia Corp and Apple Inc. ASML has never been allowed to ship them to China because of curbs
BAD FAITH LITIGATION? The two companies, owned by a California-based private equity firm, could be seeking licensing fees or a settlement payout with the suit Taiwan Intellectual Property Office (TIPO) Director-General Liao Cheng-wei (廖承威) said yesterday he suspected that two firms suing contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) for patent infringement are “patent trolls.” A patent troll refers to a company that buys patents not for manufacturing products, but to sue other companies for compensation, accusing them of using its patents. Patent trolls, formally called Non-Practicing Entities or Patent Assertion Entities, were responsible for more than 50 percent of lawsuits in the US last year, costing targeted businesses tens of billions of US dollars a year, according to the US-based LegalCharity Web site. Asked whether
RSS