Fri, Dec 12, 2008 - Page 12 News List

Diana Chen’s Taipei 101 roles thrown up in the air


Diana Chen (陳敏薰), chairwoman of the Taipei Financial Center Corp (TFCC, 台北金融大樓公司), could lose her job running the country’s tallest building because of a challenge to her role on the board of directors of China Development Financial Holding Corp (中華開發金控), the Chinese-language Economic Daily News reported yesterday.

Chen sits on China Development Financial’s board on behalf of the state-run Bank of Taiwan (臺灣銀行).

The former Democratic Progressive Party (DPP) government appointed her to chair TFCC in 2004, thereby making her head of Taipei 101.

Amid criticism from Chinese Nationalist Party (KMT) lawmakers about her failure to turn around the fortunes of the debt-ridden skyscraper, the Bank of Taiwan decided to replace Chen on China Development Financial’s board, the paper said.

Tsai Fu-chi (蔡富吉), spokesperson and executive vice president of the Bank of Taiwan, told the Central News Agency yesterday that the bank had sent a letter to China Development Financial, demanding it remove Chen from its board of directors.

The state-controlled China Development Financial confirmed yesterday it had received the letter and would remove Chen from its board.

As to whether Chen would also loose her jobs as Taipei 101 chairwoman and chief executive officer, China Development Financial said its board must make the decision.

Meanwhile, China Development Financial chairman Lin Cheng-yi (林誠一) said last night he was resigning from his post, the online reported, citing a China Development Financial statement.

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