Tunghai University-News--Fubon Group Chairman Daniel Tsai Awarded Honorary Doctorate in Management by Tunghai University Guiding Fubon Group's Growth and Innovation, Advancing Sustainable Operations, Encouraging the Younger Generation to Cultivate the 'New 3C'

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::: Tunghai University-News--Fubon Group Chairman Daniel Tsai Awarded Honorary Doctorate in Management by Tunghai University Guiding Fubon Group's Growth and Innovation, Advancing Sustainable Operations, Encouraging the Younger Generation to Cultivate the 'New 3C'

Fubon Group Chairman Daniel Tsai Awarded Honorary Doctorate in Management by Tunghai University Guiding Fubon Group's Growth and Innovation, Advancing Sustainable Operations, Encouraging the Younger Generation to Cultivate the 'New 3C'

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Date : 2024-02-26

Fubon Group Chairman Daniel Tsai was awarded an honorary Doctorate in Management by Tunghai University on December 18th, 2023. Daniel Tsai joined Fubon Group in 1981, leading the group's growth and development. With keen insights, he pioneered new business opportunities. As of today, Fubon Group's total assets exceed NT$12 trillion, consistently ranking as Taiwan's largest group for the third consecutive year, spanning the fields of finance, telecommunications, and e-commerce. In recent years, Fubon Group has actively engaged in sustainable development, fulfilling corporate social responsibility. It has pioneered the integration of sports and sustainability, promoting the 'Run For Green™' initiative, and is dedicated to creating social well-being.

The conferment ceremony for the Honorary Doctorate in Management took place at Tunghai University, attended by Tunghai University Board Chairman Wu Ching-Mai, President Chang Kuo-En, faculty, alumni, and esteemed guests. Former Vice President Siew Wan-Chang and former NTU President Kuan Chung-Ming delivered speeches. Vice Mayor of Taichung City Wang Yu-Min and many other dignitaries were also present. Family members of Chairman Tsai, including Mrs. Tsai Yang Hsiang-Hsun and Fubon Financial Co., Ltd., Chairman Richard Tsai, joined the ceremony, along with numerous friends and high-ranking executives from Fubon Group.

Fubon Group Chairman Daniel Tsai receives an honorary Doctor of Management degree from Tunghai University on December, 18th, 2023. Tunghai University President Chang Kuo-En (right) and Fubon Group Chairman Daniel Tsai (left).

In his address, Tunghai University President Chang Kuo-En noted Daniel Tsai's entrance into Tunghai's Department of Business Administration in the summer of 1974, establishing a lasting connection with the university. Tunghai has conferred seven honorary doctorates since its founding 68 years ago, and Daniel Tsai is the eighth recipient of this honor. President Chang acknowledged Tsai's contributions to the growth and sustainable management of Fubon Group, transforming it into Taiwan's most comprehensive and diverse financial group, expanding into real estate, telecommunications media, cable television, e-commerce, cultural and creative industries, and the public welfare sector. Daniel Tsai also initiated Taiwan's high-speed rail construction as one of the five original shareholders, contributing significantly to Taiwan's transportation infrastructure development. President Chang praised Tsai's ability to face challenges fearlessly and create new opportunities, establishing him as a prominent Asian corporate leader with remarkable achievements.

During his acceptance speech for the Honorary Doctorate, Chairman Tsai expressed gratitude for the enlightenment he received at Tunghai University, a place that embodies openness and innovation, possessing a high pioneering spirit. The university's academic standing is outstanding and has been consistently recognized, securing the top position among private universities in Taiwan (non-medical category) for four consecutive years in the Times Higher Education World University Impact Rankings. Receiving the Honorary Doctorate was considered a sublime honor for Tsai, acknowledging the university's role as his entrepreneurial mentor. With a sense of gratitude and reverence, Tsai accepted the honor and hoped that his future actions would live up to the prestigious recognition bestowed upon him by his alma mater.

Daniel Tsai also pointed out that the current era is more unpredictable than in the past. In response to the intensified changes in the new situation, he encourages the younger generation to cultivate the "New 3C": Creativity, Collaboration, and the pursuit of the Common good. Companies with creativity can deploy ahead of time, lead change, and individuals with creativity are not bound by their environment; they can solve problems in complex situations. Collaborative skills are equally important; the power and resources of a team, when connected, can climb higher and go further. Most importantly, embracing the Common good, recognizing that everyone is a part of this world, and life is closely connected to the earth. Only by creating mutual, prosperous, and common good interests can one continue to thrive on this planet.

Fubon Group Chairman Daniel Tsai encourages the younger generation to cultivate the "New 3C": Creativity, Collaboration, and the pursuit of the Common good.

Fubon Group's development, starting from a 10-person property insurance company in 1961, has now grown to over 68,000 employees, serving over 13 million customers in Fubon Financial Co., Ltd., over 14 million customers in momo.com Inc., and Taiwan Mobile is expected to reach nearly 10 million customers by the end of 2023. The services provided by the group are closely related to the daily lives of the people in Taiwan, influencing various corners of society. Daniel Tsai led Fubon Group to create a positive corporate culture, continuously integrating and accepting merged entities, holding the management philosophy of turning "me" into "we," and leading the group to continue reaching new heights.

In the financial field, Fubon Group focuses on diversified operations and acquisitions, seizing the opportunity of financial liberalization to create a "financial department store" across banking, securities, and insurance. From consolidating six securities firms to acquiring Taipei Bank, entering the market multiple times during crises, cross-border acquisitions of banks in Hong Kong, and the Dutch ING Life. Last year's merger with Jih Sun Financial Holding Co., Ltd. also marked Taiwan's first-ever "financial-to-financial" merger milestone.

In the telecommunications and e-commerce sectors, Taiwan Mobile was the first to declare its transformation into a new-generation network technology company in the telecom industry. After the merger with Taiwan Star in December of 2023, the "New Taiwan Mobile" will rapidly integrate momo.com Inc., creating a platform that "aggregates" telecommunications, networks, media, and e-commerce into one.

Daniel Tsai leads Fubon Group not only in continuously exploring diversified and innovative services but also in promoting corporate sustainable management, moving towards the common good in society, demonstrating a high level of "accountability" for corporate leaders. On the 60th anniversary of Fubon's establishment in 2021, the "Run For Green™" initiative was launched, representing not only the first domestic enterprise to combine sports with sustainability but also an important policy for the development of Fubon Group. It is expected that Fubon, with determination, will face the climate crisis and accelerate forward together with the government, enterprises, and every individual.

To help Taiwan better integrate into the international community, Daniel Tsai has actively engaged in international affairs. In 2013, he participated in the founding of the Centre for Asian Philanthropy and Society and served as a director. From 2021 to 2023, he also served as the Chairman of the Asia Business Council, assisting in the establishment of CAPRI (Center for Asia-Pacific Resilience and Innovation) as the first international NGO headquartered in Taiwan, fostering more international cooperation, exchanges, and philanthropic initiatives.

Daniel Tsai holds a Bachelor of Laws degree from National Taiwan University and a Master of Laws degree from Georgetown University in the United States. In 2003, he was honored as "Taiwan's Best CEO" by Institutional Investor magazine. In 2009, he received the "Outstanding Contribution Award" in the Greater China Financial Industry from EUROMoney magazine. Starting from 2010, he consecutively received the "Asian Corporate Director Recognition Awards" from Corporate Governance Asia magazine for seven years. In 2015 and 2016, he was recognized with the "Asian Corporate Director Recognition Awards" and the "Asia’s Best CEO-Investor Relations" award. In 2017, he received the highest honor, the " Corporate Sustainability Excellence Award," at the Taiwan Sustainability Awards for leading Taiwan Mobile to become the "Sustainable Digital Convergence Navigator." In 2016, he was selected as one of the "Top 50 CEOs in Taiwan" by Harvard Business Review, and in 2022 and 2020, he was named one of the "Top 100 CEOs in Taiwan" by Harvard Business Review.

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