Monday, March 6, 2017

[Industry Talk] privatized public enterprises need to change the board



[Korea's financial standing hyomun newspaper reporter] "· KT, POSCO is selected by the head of the CEO Candidate Recommendation Committee. That is itself composed of outside directors on the board of directors independent of the regime, such as the recommended way to CEO. Unfortunately, whilst the head of the regime it has been breathless action so far. This is a situation that needed to change the board of directors of the privatized public enterprises in order to prevent "- multiple stakeholders from academia and politics.

"Choesunsil gate, POSCO and KT in action was no less a core of Samsung Group. Among these was recently re-elected head of the rated was involved in an associated gate. POSCO Chairman Kwon, Oh - Jun coming 11 days ahead of the General Shareholders' Meeting, KT has recommended to the Board by the Chairman hwangchanggyu next CEO candidate.

The academic and political circles with the next CEO Nomination of the two presidents 'It is not right for a second term as president, regardless of management skills' is geoseda voice. Of course, they raise the second term agenda that greeted As you might explain the implications from the CEO Nomination Committee is of the opinion that the problem persists frowned upon.

That economic reform era officials revealed a "thing of the issue raised the reappointment agenda of the meeting, which was involved in political risk that is being passed it is not right" and "CEO candidate has verified the relevant information from the Nomination Committee, however, continued involvement context this situation is likely to be rich again head the next government to replace if changed, "he said.

He added, "Unfortunately, there is no way to prevent a re-elected head itself does not back down," he added, "In the above, including the nomination will have to make the right choice in accordance with the Council."

Also coming out claiming that the Council should be strengthened penalties for unfair changes and pressures of the regime. Many are outside directors are pro CEO greetings to determine the second term, multi-level talk about punishment for abuses of the regime is weak.

Academia, one official said, "If the president of the privatized public enterprises this practice to include outside directors want to take over the Board of Directors has been continued" and "yeotdamyeon balanced Board of Directors national 0 minutes the CEO involved with big events such as choesunsil gates were not reappointed it would, "he said.

As the political one official also "important to straighten the board of directors, however, because in reality challenging the weighted penalties for abuses of the regime but rather can be more effective," said "to strengthen penalties for pressure realistic than the word withstand the pressure." It claimed.



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