Taiwan’s BLF under fire over bribery scandal
The state pension fund is strengthening internal controls, but experts say more action is needed, such as raising pay for investment staff to make them less susceptible to graft.
After a bribery scandal was unearthed in late November at Taiwan’s main state pension fund, investment industry experts have expressed concerns about the institution’s internal controls and argued that substantial reform is needed, such as increasing its independence from the government to better incentivise its investment staff.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to AsianInvestor
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
¬ Haymarket Media Limited. All rights reserved.