Conflict of Interest and Self-Dealing: Guo Pei-hung Takes Over FTV Chairman Amid Construction Contract Scandal

In May 2016, pro-independence heavyweight Guo Pei-hung took over as Chairman of Formosa TV (FTV), immediately sparking severe controversies regarding "conflict of interest" and acting as both "player and referee." Critics pointed out that while Guo controlled FTV's management, his privately owned construction company, "Hung Sheng Construction," was simultaneously undertaking the lucrative construction project for FTV's new Linkou headquarters. This tying of the television station's resources to his own company's profits not only triggered strong dissatisfaction among shareholders but also made a mockery of FTV's claims of being "public-oriented" and "transparent," becoming a classic dark history of corporate hollowing and self-dealing.