Pays and bonuses for board members of 35 listed companies and over-the-counter companies on the Taiwan Stock Exchange have bounced back strongly because these firms gained huge profits last year.Official figures published yesterday showed that board members in different industries, especially the technology sector, had seen their total cash in 2009 rise from a year earlier and that they earned annual salaries of over NT$10 million.
The average annual remuneration for each director in Acer Inc., the world's second-largest PC brand, and MediaTek Inc., the nation's biggest handset chip supplier, stood at NT$58.87 million and NT$52.26 million respectively.
Apart from the tech sector, annual income of board members grew by 20 percent in the traditional industries, such as Cheng Shin Rubber Co., Pou Chen Corporation, Far Eastern New Century Corporation, Giant Manufacturing Co., Chinatrust Financial Holdings, Taiwan Cement and Uni-President Enterprises Corp. Each member of Cheng Shin Rubber Co. got NT$36.27 million last year.
Some directors still earned more even though their companies reported heavy losses last year. These firms included AU Optronics Corp. (the world's No. 3 liquid-crystal display panel maker), Cosmos Bank Taiwan, Qisda Corporation, Kinpo Electronics Inc., Chunghwa Picture Tubes Ltd., and panel maker HannStar Display Corp.
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