Ling Chung-yuan Calls for Amending State-Owned Enterprise Act to Ease Employee Compensation Restrictions
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On May 20, Ling Chung-yuan, Chairperson of Taiwan Financial Holding, stated that due to salary restrictions under the "State-Owned Enterprise Management Act," the compensation gap between state-owned and private financial institutions is widening, making it difficult to attract and retain talent. Citing a decline in applicants for Bank of Taiwan in recent years, she called for amending the law, invoking the "business-oriented management" principle from the Additional Articles of the Constitution, to loosen restrictions on compensation and benefits for personnel at state-owned financial enterprises like Bank of Taiwan, Land Bank, and the Export-Import Bank, allowing them to better reward employees for performance.