Economic reform era "yangseungwoo Anjin Chairman, GS outside directors inappropriate"

[Korea goyounghun financial newspaper reporter] 24 days came the opinion that inadequate human resources for outside directors subsidiaries due to be elected as a candidate Anjin yangseungwoo president of GS in the coming General Shareholders' Meeting. This is because Anjin is responsible for the external audit of the GS Group.

Economic reform era has pointed out, Mr. Chairman, because yangseungwoo 20 days of Anjin external auditor in charge of the subsidiary GS may cause a conflict of interest issues.

Side economic reforms Solidarity said, "is responsible for the external auditor of the GS global Anjin is a subsidiary of the current GS and GS E & R" "legal disqualification include, but are not conflicts will be be solved for outside director independence," he said.

GS holds a 50.70% stake each, with 64.39 percent of the global holding company of GS Group GS and GS E & R and has dominated the two companies. GS Global 2015 business year from the last three years the business year 2017 nystagmus was elected the accounting firm as external auditor to, GS E & R was also elected annually from 2014 to Anjin external auditors.

Employees and former employees who within the last two years of the accounting firm appointed as external auditors of listed companies, the current Commercial Code can not be outside directors of the listed company. The candidate is not the amount the company is not an external audit of listed companies belonging to the Commercial Code because the violation of its subsidiaries.

But holding the external auditors as well as external auditors too that a holding company with interests is because external audits of employees the same criteria that it is something solidarity allegations economic reforms reasonable to apply also to subsidiaries of subsidiaries and grandchildren Company Ltd. to be.

Chairman Yang moved to Anjin CEO until May 2009, since until May 2012 and is now responsible for the office of president. Anjin is also Indicted accounting fraud Daewoo Shipbuilding and Marine Engineering has received a criminal trial.

Economic reform side Regiment, said he wants to review the GS will take appropriate action outside directors qualified candidates of both problems in a comprehensive way. GS did not preach a little perspective on this side.



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