Officials of the "Executive Yuan" of the Taiwan authorities. (Picture source: Taiwan's "China Times Electronic News")
China Taiwan Network, August 7 According to Taiwan's "China Times" report, the Taiwan authorities' " Quan Xu Department " reported to the "Examination Committee" last Thursday (August 3) "The amendment to the "Civil Service Act" was submitted for the first time, significantly relaxing the "revolving door". In the future, as long as they are appointed by the Taiwan authorities, they can serve as directors and supervisors of public enterprises and consortiums without being subject to the "revolving door" restrictions. The "revolving door" clause was questioned by the green camp in the past as a convenient door opened by the Ma authorities to reward retired political officials. Now that the Tsai administration has not only accelerated the promotion but also made it more liberal after taking office, "be strict with others and be lenient with yourself." The double standards are jaw-dropping.
Article 14 of the current "Civil Service Act" in Taiwan clearly stipulates that within 3 years after resigning, civil servants are not allowed to serve as directors, supervisors, managers, shareholders or consultants of business execution companies that are directly related to their positions within the 5 years before resigning. This is known as "Revolving Door Clause". Lin Quan, the "Executive President" of the Taiwanese government, believes that the current regulations have seriously affected the career plans of public officials after leaving office. Therefore, the "Administrative Department" has recently joined forces with the "Ministry of Quanxu" to not only significantly relax relevant restrictions, but the "Ministry of Quanxu" also plans to further relax restrictions by incorporating the interpretation of the letter into law.
The "revolving door" policy has been relaxed. Senior officials have more options after resigning.
According to a survey by the "Legislative Yuan" Budget Center, after the leader of the "Financial Supervisory Commission Insurance Bureau" was transferred to the general manager of Mega Product Insurance, his monthly salary increased from 122,000 (NTD, the same below) It became 225,000 yuan. After the "Secretary of Finance" resigned and was transferred to the board of directors of Taiwan Financial Alliance , his salary increased from 145,000 to 310,000 yuan. The disparity in pay between Taiwanese government officials and senior executives of for-profit enterprises has become a " The best place to be settled”.
According to reports, the original purpose of the "revolving door" clause was not only to prevent collusion between government and business, but also to prevent civil servants from opening a back door for themselves, using the opportunity of holding public office to accumulate transfer assets, and forming a profit transmission network with profit-making enterprises. Due to the strict restrictions on the "revolving door", in the past, the Maldives authorities planned to change the current "job prohibition" regulations to "behavior prohibitions", that is, after leaving the public sector, it is expressly forbidden to have inappropriate contact with the agency where they were originally employed. However, Not going to prohibited positions. This amendment was initially questioned by the green camp as seeking profit and rewarding retired officials, but was blocked abruptly.
"Green Committee" Li Junli last year criticized 35 financial officials of the Malaysian authorities for taking advantage of legal loopholes and directly transferred to public-share financial institutions after leaving office. He asked the "Ministry of Civil Affairs" to revoke the relevant letter of relaxation of interpretation. Many "Green Committee" even contacted The Department wants to amend the "Banking Law" to prevent blockage, but unexpectedly no plan has been made. Instead, what we are waiting for is the "revolving door" of "amending the law" to relax it.
0 million salary is attractive and government-business collusion is difficult to prevent.
Malaysian government officials cannot resign and switch to government-owned enterprises because it is "collusion between government and businessmen for profit." After Tsai administration officials leave office, they can not only enter government-owned enterprises, as long as the review finds that there is no problem. Work in private enterprises. The report pointed out that after the rotation of political parties, the DPP changed its position and its head. Why didn't the "Green Committee" who originally opposed the "amendment of the law" stand up and shave their own people's beards this time?
Xie Jinhe, chairman of Taiwan Financial Information Media, said bluntly that being an ordinary director and supervisor is okay, but the Taiwan authorities should face up to the controversy that corporate independent directors have become a popular position for retired officials. These people blatantly protect each other and provide some benefits to the company when they are officials. After retirement, they will be recycled into tens of millions of independent directors. The problem of collusion between government and business will become increasingly serious.
"Many people have asked me to recommend jobs as independent directors recently, which is very popular!" Xie Jinhe said that these officials would be sentenced to severe penalties if they accepted bribes while working, but as independent directors after retirement, they would have more money, less work, and more separation. Being close to home, there are few legal liability disputes. The annual salary of small independent directors is hundreds of thousands, the annual salary of medium independent directors is millions, and the annual salary of large independent directors is tens of millions. This has caused many heads of "ministries" to retire and openly serve as independent directors in companies to become door gods, turning the independent director system into a bridge between politics and business.
The "China Times" commentary pointed out that the decades-long political appointments of public-owned enterprises and legal entities, and the problem of fat cats, have long attracted criticism. Even if there are "revolving door" clauses stuck there, a letter explains It is just a formality, which makes public institutions less competitive than private institutions. In the future, if the "revolving door" opens wide and public shares are appointed in a grand manner, replacements may become more frequent, and the consequences can be imagined. (China Taiwan Net Lu Jiajing)
