Waterland Financial Board Election on May 29; Minister Chuang Tsui-yun Reiterates 3 Principles
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Waterland Financial Holdings will hold a board election on May 29, with the market watching if government-affiliated shareholders will gain control. Finance Minister Chuang Tsui-yun stated at the Legislative Yuan on May 20 that if the public sector secures leadership, it will adhere to three principles: strengthening corporate governance, enhancing operational performance, and protecting shareholder rights. In the nominee list, public-sector shareholders account for 8 seats, Nice Group and Jen-Wang Group for 3 each, and Taiwan Steel Group for 1.