Taipei Times
Date: Apr 08, 2017
By: Sean Lin / Staff reporter
If the draft bill proposing stricter regulations on government-funded foundations is
The office of the Chiang Ching-kuo Foundation for International Scholarly Exchange, a government-funded foundation, is pictured in Taipei on Thursday. Photo: CNA
passed, the Ministry of Education (MOE) will be able to control a 40 percent stake in the Chiang Ching-kuo Foundation for International Scholarly Exchange, Deputy Minister of Education Yao Leeh-ter (姚立德) said yesterday.
In 1989 and 1990, the ministry donated a total of NT$1.42 billion (US$46.4 million at the current exchange rate) to the foundation, whose assets stand at a value of NT$3.62 billion today, Yao said.
However, he said, out of a total 24 seats, the ministry has only one director on the foundation’s boards of directors and supervisors.
According to the draft legislation, a government agency’s stake in a government-funded foundation should be proportional to the funding it provided, he said. [FULL STORY]
