Chang Hsin-ti Resigns as Investor Protection Center Chair; FSC Vice Chair Chen Yen-liang Takes Over Temporarily

The Securities and Futures Investors Protection Center is responsible for investor protection, class-action litigation and oversight of shareholder rights, making its chairmanship important to its corporate-governance and market-supervision roles. Chang Hsin-ti's departure has drawn market attention because the legal scholar is returning to academia and pursuing an independent directorship at a financial institution.

Chang resigned as chair of the Investor Protection Center for personal career-planning reasons, and her resignation was accepted. Financial Supervisory Commission Vice Chairperson Chen Yen-liang is temporarily performing her duties. Chang has returned to academia and has also been nominated by Fubon Financial Holding Co. as a candidate for independent director. Reports did not disclose the effective date of her resignation or the date of the shareholders' meeting, and no transaction amount is involved.