TAIPEI (TVBS News) — National Taiwan University (NTU, 台灣大學), Taiwan's premier academic institution, inaugurated its "Center for Innovative Enterprise Law" on Monday (May 12) with prominent business leader Tsai Hong-tu (蔡宏圖), chairman of Cathay Financial Holdings (國泰金控), in attendance. Tsai voiced optimism that the new center would foster meaningful dialogue between corporate, governmental, and academic sectors.
Tsai envisioned the center serving as a vital communication hub where representatives from business, government, and academia could collaboratively tackle emerging legal challenges. He credited NTU President Chen Wen-chang (陳文章) with conceptualizing the initiative. The center aspires to generate practical insights for corporate development and scholarly research, ultimately functioning as an independent civilian think tank in Taiwan's legal landscape.
Tsai emphasized the persistent gap between legal frameworks and corporate innovation, noting that regulations frequently lag behind business evolution. He advocated for sustained engagement with key regulatory authorities, including the Financial Supervisory Commission (FSC, 金管會), Taiwan's financial regulator, and the Ministry of Economic Affairs (MOEA, 經濟部), which oversees economic policies. Tsai expressed appreciation for these agencies' receptiveness to addressing such regulatory challenges.
Tsai further stressed the critical need for legal structures to evolve alongside corporate innovation, particularly in response to accelerating technological developments. He highlighted specific challenges arising from information technology and artificial intelligence advancements. The financial leader urged businesses to embrace fresh perspectives and approaches to safeguard against emerging financial crimes and technology-enabled fraud in the fintech sector.
Drawing on recent incidents, including AI-enabled impersonation during video calls in Hong Kong, Tsai emphasized the importance of anticipatory legal measures rather than reactive responses. He called for active involvement from legal professionals, regulatory bodies, and industry stakeholders to collaboratively develop effective solutions through the newly established center's resources and expertise. ★
