Politics
Cathay Bank Chairman Quits After Governance Dispute, Family Feud
Key Points
Cathay Bank Chairman Quits After Governance Dispute, Family Feud Cathay United Bank Co. Chairman Kuo Ming-jian has resigned following a regulatory breach at the lender’s asset management affiliate linked to his outside positions, an incident that culminated in a physical altercation with a member of Taiwan’s billionaire Tsai family. “Mr. Kuo voluntarily decided to resign in light of the differing public opinions arising in recent days regarding his outside appointments to avoid creating...
Cathay Bank Chairman Quits After Governance Dispute, Family Feud
Cathay United Bank Co. Chairman Kuo Ming-jian has resigned following a regulatory breach at the lender’s asset management affiliate linked to his outside positions, an incident that culminated in a physical altercation with a member of Taiwan’s billionaire Tsai family.
“Mr. Kuo voluntarily decided to resign in light of the differing public opinions arising in recent days regarding his outside appointments to avoid creating negative public perceptions and to safeguard the company’s reputation,” the financial holding company said in a statement Friday.