Government holds CHB board‘GROW STRONGER’: Both sides declared victory after the election, with Taishin saying it focused on electing independent directors to enhance oversight at CHBBy Crystal Hsu / Staff reporterGovernment-appointed candidates yesterday retained majority control of state-run Chang Hwa Bank’s (CHB, 彰化銀行) board of directors, while Taishin Financial Holding Co (台新金控) won four seats, including all three independent directors’ seats. Taishin’s strategy to focus on independent directors’ seats fell in line with the ministry’s expectation, Juan said. The ministry aimed to maintain majority control of the board room and achieved that goal, he added. CHB has nine board seats, including three independent directors who are in charge of the auditing, remuneration and sustainability committees. Taishin urged newly elected board members to soon convene a meeting and elect a new chairperson to lead CHB.

Source: Taipei Times June 19, 2020 15:56 UTC