Jeffrey Koo Jr to Takeover CTBA: The Good, Bad, and the Ugly

It is official, the Chinatrust Financial Holding lead by 辜仲諒 (Jeffrey Koo Jr) will takeover the CTBA. Koo and his associates have successfully gained control of the CTBA board by being the majority after the general election on May 19th.

53-year-old Jeffrey Koo Jr is expected to be inaugurated as the new CTBA President on June 29th, and to start a four-year term until 2022.

*Disclaimer: I am not a fan of Jeffrey Koo Jr, the Chinatrust Financial Holding and the CTBA due to their questionable ethics over the years. However, I will try to do my best and only stick to the facts in this sort of bias blog entry. [1][2][3]

Definitions and Interpretations

A lot of company and organisation names are extremely long when translated to English. Therefore, for the ease of reading, here are some of the terms we will be using throughout this blog post.

  • CTBA: Chinese Taipei Baseball Association.
  • CTBC: Chinatrust Finacial Holding Co Ltd.
  • Jeffrey Koo Jr: 辜仲諒 (Koo Chung-Liang).
  • CPBL: Chinese Professional Baseball League.
  • TPBPA: Taiwan Professional Baseball Players Association.

Quick Refresher on CTBA: Why Hated by so Many?

So, what is the CTBA? Here is a quick refresher. The CTBA is a private organisation that managed the amateur baseball in Taiwan. With the CTBA being the only governing body for baseball in Taiwan, they also control the Taiwanese national baseball team from the senior level down to the student level.

Over the years, the poorly managed organisation received countless public criticisms over their way of mistreating players and not being transparent with the government funding.

Instead putting Taiwan baseball development as their first priority, the CTBA has been used solely as a vessel for politicians/ businessman to further their political/ personal gains.

CTBA Organisation Chart

  • CTBA President (1 position)
    • Board of Supervisors (9 positions)
    • Board of Directors (30 positions)
      • Independent (13 positions)
      • Athletes (7 positions)
      • Groups/ Organisations (10 positions)

Chinatrust Financial Takeover CTBA

辜仲諒 (Jeffrey Koo Jr), a major shareholder of the Chinatrust Financial Holding will replace 廖正井 (Liao Cheng-Ching) as the new CTBA President. While 8 out of 13 the independent director positions are filled with people affiliated with the Chinatrust Financial Holding.

  • 孫紀蘭 (Sun Chi-Lan): Director of CTBC Financial Management College.
  • 高人傑 (Kao Jen-Chieh): Chief Administration Officer of CTBC
  • 張登瑞 (Chang Teng-Jui): Advisor of the Chinatrust Brothers.
  • 何孝齊 (Ho Hsiao-Chai): Vice President of Videoland TV Network (Subsidiary of CTBC).
  • 黃志源 (Huang Chih-Yuan): Vice General Manager of CTBC Coporate Banking.
  • 林志強 (Lin Chih-Chiang): Operation Manager of CTBC Loan Management.
  • 羅宏瑜 (Lo Hung-Yu): Vice President of CTBC Human Resource Department.
  • 陳雨鑫 (Chen Yu-Hsin): Former General of the Chinatrust Whales.

It is also worth mentioning, that the newly elected CTBA President Jeffrey Koo Jr is also the owner of the Chinatrust Brothers, one of the four teams in Taiwan’s Chinese Professional Baseball League (CPBL).


The Good: More Access to Resources

With the Chinatrust Financial being one of the largest financial institutes in Taiwan. Ideally, the CTBA will now have a much better access to the necessary resources.

Despite of his not so ethical business background, Jeffrey Koo Jr, the new president of the CTBA is actually a die-hard baseball fan with a real passion for baseball.

For the past several years, Koo’s Chinatrust Charity Foundation have sponsored numerous student baseball events. The charity also provided financial and coaching support to those student baseball teams that does not have enough funding.

With Koo also being the owner of a CPBL team, the Chinatrust Brothers. Potentially, he can act as a mediator to end the long time feud between the CPBL and the CTBA. Less political driven in-fighting and more focused energy on making Taiwan baseball better.

The Bad: Lack of Independent, New Voices

Looking at the formation of the new CTBA board, the lack of independent voices on the board is a major concern. As stated earlier, 8 out of 13 supposedly independent directors are affiliated with the Chinatrust Financial Holding.

Despite the Taiwan Baseball Reform Alliance (台灣棒球改革聯盟) had a presence in the general election, both candidates were not elected due to alleged vote allocation tactic by the Chinatrust Financial Holding.

Judging from the list of newly elected board of directors (30) and the board of supervisor (9). It is pretty clear that nothing has changed, it is the same board of directors and supervisors from the previous CTBA board.

Only 3 new directors got elected this year, while the remaining 27 directors are all either from the previous CTBA board or have affiliation with the Chinatrust Financial Holding.

In the chart below is the comparison of the 2018 vs 2014 CTBA board. Names highlighted in red means they are from the 2014 board. The names highlighted with yellow means they are affiliated with the Chinatrust Financial Holding.

So, this brings the real question, what can people expect from the CTBA, when it is essentially still the same group of people running the show. Sure, there are a few new people becomes the directors, but they are all affiliated with the Chinatrust Financial Holding.

The Ugly: The So-Called “Election” Is Rigged

Leading up the CTBA general election, there were evidences of vote allocation done by the Chinatrust Financial. However, the Sports Administration have decided not to investigate it further, stating it is all within the rule of the general election.

According to the leaked document, the Taiwan Life Insurance, a subsidiary company of the CTBC have asked its employees to give 高人傑 (Kao Jen-Chieh) the power of attorney to register for the CTBA general election. Looking further into this, it turns out Kao is on the ballot for the independent director position.

Furthermore, upon examining the master-list of all 1650 registered voters. 1471 are new members to the organisation, and 995 out of this 1471 newly registered member shared the same 15 email address.

You do need to be the world greatest detective to come to a conclusion that this so-called CTBA general elections is rigged since day one.

Just how obvious is the vote allocation in this election? Let’s take a look at the vote distribution in the independent director category, all the CTBC affiliated directors received the same amount of votes.

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