Tue, Aug 23, 2011 - Page 3 News List

Business-focused think tank starts

By Shih Hsiu-chuan  /  Staff Reporter

A think tank founded by several dozen local business leaders and supported by more than 1,000 academics was officially launched yesterday with the aim of pushing for bipartisan legislation.

The purpose of the think tank is to serve as a link between the government and the business community to advocate policies that can benefit the country and the people, said CMC Magnetics Corp chairman Bob Wong (翁明顯), a principal organizer of the project.

“People like us only care about whether a policy is right or wrong, not about whether it is in the favor of the pan-blue or pan-green camp,” Wong said.

Wong said he aimed to recruit more business leaders to bring the think tank’s number of sponsors to more than 100.

Each will be limited to a donation of NT$2 million (US$69,000), with a maximum allowable additional contribution of less than 5 percent of the amount.

In efforts over the past year-and-a-half to establish the think tank, NT$30 million was raised from members of the business community.

Hwang Dar-yeh (黃達業), a finance professor at National Taiwan University and director of the school’s Center for the Study of Banking and Finance, said the think tank’s talent pool would consist of 1,000 professionals from 115 colleges specializing in various fields for lawmakers to consult in developing legislation.

Amid a fast-changing global economic and financial world order, there needs to be new legislation to replace outdated laws and introduce a modern system, but this seems to be beyond the capability of the legislature, Hwang said.

“It is our wish that the think tank can improve quality and efficiency in legislation and to promote balanced development between society and economy,” Hwang said.

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