TAIPEI, Taiwan — Vice President elect Vincent Siew has resigned as the chairman of the Cross Strait Common Market Foundation, according to a news release issued by Siew’s office yesterday.
Siew, who will be sworn in May 20, explained at a board meeting of the foundation in mid-April that it would inappropriate for him to continue to serve as foundation chairman, as he had been elected vice president in March, the news release said.
The board later approved Siew’s resignation and decided to promote Chan Hou-sheng, executive director of the foundation and a former chairman of the Council of Labor Affairs (CLA), to the post of chairman.
In his capacity as the foundation chairman, Siew, a former premier, met Chinese President Hu Jintao on the sidelines of an economic forum held in Boao, a resort city on the southern Chinese island of Hainan, last month.
Siew attended the annual forum six times in the past seven years in his capacity as chairman of the foundation.