Taiwan FSC Sets Three Principles for Financial Holding Vice Chairs

A reported annual salary of NT$20 million ($620,000) for the vice chairman of IBF Financial Holdings has stirred a corporate-governance debate over whether the position is necessary and whether its duties justify the compensation. Vice chairmen remain directors and responsible officers of financial holding companies, making their appointments, authority and pay subject to Taiwan’s financial regulations and internal governance procedures.

Taiwan’s Financial Supervisory Commission laid out three principles on July 23, 2026. A vice chairman must meet qualification requirements for financial holding company officers; the role must be established under the Company Act, Financial Holding Company Act and corporate charter, with its authority and governance function fully disclosed; and compensation must be reviewed by the remuneration committee, approved by the board and reported in the annual report. The FSC said it had received no complaint over the case.