Supervisory board likely to pass

FINANCE The Financial Supervisory Board Organization Law is likely to pass despite some opposition from the finance minister, whose authority it would largely usurp

By Stanley Chou / STAFF REPORTER

Hiring professionals such as lawyers or accountants is necessary to keep pace with very institutions the board is obliged to oversee and cannot be done unless those professionals are lured with higher compensation packages than what have been offered in the past.

It's also why the financial supervisory board's budget must be independent from the government's current legal framework.