CTBC Financial Holding Co (中信金控) topped the list of average board of director salaries in 2019 by compensating its board members an average of NT$89.88 million (US$3.16 million), overtaking Yageo Corp (國巨), data released yesterday by the Taiwan Stock Exchange (TWSE) showed.
The compensation includes cash, stock rewards and other types of payment to a director for their service in the board room, but excludes a paycheck for an additional role in management or for being a company employee, the TWSE said.
In 2018, CTBC Financial ranked No. 2 with an average package of NT$73.7 million, but its board compensation in 2019 rose 21.95 percent thanks to the increasing price of the company stock included in the package, the data showed.
In 2019, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, came in at No. 2 with an average board salary of NT$43.87 million, up 9.3 percent from 2018, the data showed.
Total board compensation at TSMC tallied NT$376 million in 2019 and accounted for 0.1 percent of its net profit that year, lower than the limit of 0.3 percent set in its bylaws, the data showed.
Handset camera lens maker Largan Precision Co (大立光) ranked third with an average compensation of NT$34.89 million, up 36 percent from 2018 thanks to an increase in net profit, the data showed.
Yageo dropped to fourth in 2019 from the top position in 2018, as its average remuneration slid to NT$31.2 million from NT$114.23 million — a decline of 72 percent — when the nation’s largest passive components supplier saw its annual net profit shrink 79 percent to NT$6.9 billion, the data showed.
Yuanta Financial Holding Co (元大金控) ranked fifth in 2019 with an average package of NT$27.62 million, followed by Taishin Financial Holding Co (台新金控) with NT$27.14 million and Uni-President Enterprises Corp (統一) with NT$25.44 million, the data showed.
Hotai Motor Co Ltd (和泰汽車) ranked eighth in 2019 with NT$22.82 million, followed by China Development Financial Holding Corp (中華開發金控) with NT$20.28 million and Fubon Financial Holding Co (富邦金控) with NT$20.23 million.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Macronix International Co (旺宏), the world’s biggest NOR flash memory supplier, yesterday said it would spend NT$22 billion (US$699.1 million) on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memorychip suppliers are phasing out the market. The company said its planned capital expenditures are about 11 times higher than the NT$1.8 billion it spent on new facilities and equipment last year. A majority of this year’s outlay would be allocated to step up capacity of multi-level cell (MLC) NAND flash memory chips, which are used in embedded multimedia cards (eMMC), a managed
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
In the wake of strong global demand for AI applications, Taiwan’s export-oriented economy accelerated with the composite index of economic indicators flashing the first “red” light in December for one year, indicating the economy is in booming mode, the National Development Council (NDC) said yesterday. Moreover, the index of leading indicators, which gauges the potential state of the economy over the next six months, also moved higher in December amid growing optimism over the outlook, the NDC said. In December, the index of economic indicators rose one point from a month earlier to 38, at the lower end of the “red” light.
RSS