Taiwan's Waterland Financial Holdings is preparing to cut the outsized bonuses paid to its senior executives — potentially good news for rank-and-file staff, and bad news for management.

• The Waterland Financial Holdings vice chairman's NT$20 million annual salary comes mainly from bonuses, with performance bonuses alone worth 30 months of pay.
• Adding year-end bonuses and employee remuneration, executive bonuses exceed 40 months, bringing the annual total to the equivalent of 52 months of salary.
• Ordinary employees' bonuses have never reached 10 months, and the stark gap was the trigger for this round of reform.
• Newly appointed Chairman Chang Chao-shun plans to set a "bonus ceiling" capping total bonuses at 12 months. Bonuses at the securities subsidiary, where some executives receive as much as 50 to 100 months, will also be reviewed.

Outlook: The board will vote on the compensation package next Wednesday. If it passes, rank-and-file salaries will be unaffected, and the company hopes to use the occasion to give them a raise.