[Korea Jeongseon financial newspaper reporters] # financial institutions did not establish even outside directors elected in accordance with the principles of corporate governance best practices. (A bank holding)
# Another company did not verify that Concurrent anywhere outside directors. (B bank holding)
Banking and financial expertise has re-emerged in the outside directors.
There is also another dimension of strengthening non-banking eopgwon personnel recruitment (KB Financial Group) called the new governance system from the dominant stockholder (our bank). In the case of specialized information and communications technology (ICT) center Internet Bank (K Bank) to fill the financial expertise of outside directors was to be a full-fledged. FSS is to overcome the above problems that the past practices and sanction banks outside directors do not pay attention to proper monitoring and containment capabilities.
◇ "but also professors ..." from the industry mosigi
KB Financial Group opened 24 days last month, the Nomination Committee has recommended Stewart Solomon, former president of MetLife as a new outside director candidates. KB Financial was described as a senior background "is intended to consider the representation of foreign investors account for a significant proportion Advisory Board and enhance the capabilities of the non-banking sector, including the insurance industry."
KB Financial Group was extended for one year the existing outside directors was six terms. Double yen KB Financial choeyounghwi are also included former president of Shinhan Financial Group, Samsung Card yuseokryeol former president he had hired to pack the new camp in the last three years since the so-called 'KB crisis' took place surrounding the host computer 2015 to replace directors.
Eunice Kim Hee outside directors also buhaengjang Citibank Korea, the Hana Financial Group Vice President career. During the seven outside directors are competing Chief Executive Officer (CEO) or the executive who share the count exceeds the half.
KB deemed Finance official said, "The Board of Directors is to go after the stable well-established governance structure since the 2015 corporate governance improvements," said "to maintain the independence and professionalism, and versatility of the Board of Directors desirable for long-term development of KB Financial Group was, "he said.
Each also songgijin yangwongeun, outside directors of Hana Financial Group last month re-elected former Kwangju Bank, former vice president of KB Financial Group Inc. is born. It is similar to the successful privatization of Woori Bank.
Our banks are dominant stockholder recommended as one of the candidates for outside directors Shin, Sang - Hun former president of Shinhan Financial Group were determined gotta back lighting the competitors who recruit outside directors. We rush to the Bank's shareholders oligopolistic banking industry system dominated by five shareholders of securities and insurance, are composed of saoeyi new photos each recommendation. Yigwanggu our bankers while replacing the "test of the new governance of collective management by our Bank dominant stockholder successful privatization," said the "Comments closely with outside directors in an open press conference immediately after this January reappointment decisions newer and stronger I also had to create a bank, "I say.
◇ Pin tech custom search ... Internet Banking yen 'complementary'
K Bank ahead of the launch of the Year of information and communication technology (ICT) based Internet banking professional rather paid its attention on traditional banking personnel recruitment. Of course Shim, Sung - Hoon invited bankers K Bank has led to the bar ICT convergence business group companies as KT origin. But K Bank was supplemented to bring in two people both inside directors from financial institutions. Jeongungi CFO (Chief Financial Officer), who is our banks, the director Kim, Dae - Young Concurrent audit role built a career in banking smart NH Investment & Securities.
Outside Director jungen our bank ohsunmyeong rough around the FSS Financial Consumer Protection Director, the former Shinhan Card Vice President Lee Jae-joung again. Gimseonje current seonggyeoldae is also a professor for life (currently Hanwha Life) from rough financial industry. K for the outside directors, senior bank explained, "it was composed evenly ICT and financial reputation in the business community, academia for a successful project implementation."
Previously existing banks also pay attention to the pin Tech (FinTech) and has a bar with an outside director recruitment related careers. Shinhan Bank hired a professor of Korea University ho March last year, outside directors. Shinhan Financial group of companies will put a pin for tech professionals' digital banking "it is being promoted as a corporate board of directors. Ho, yet Professor of Computer Science professor, underwent Finance Committee Pins Advisory Tech Association. Currently Professor ho is responsible Tech Research Center chapter during the global digital pin occurrences.
◇ new ruling syntax ... Outside director role
Outside Directors is responsible for determining the geochwi an important role of CEO (CEO). Go through a "savings bank crisis' (2011), 'KB crisis' (2014) Financial companies have been required to enhance management transparency. Best practices through an 8-year 'finance law on corporate governance, the background began to be implemented from April. According to a new ruling syntax, it was enhanced qualifications of independent directors.
Concurrent became the first strictly limited. The maximum term is also limited in the company six years, nine years as affiliates combined. If the bank (holding), excluding subsidiaries and other companies outside directors Concurrent is prohibited.
In particular expertise commensurate with financial institutions outside directors are highlighted. "Finance, management, economics, law, accounting, consumer protection sector expertise and rich practical experience" in managing personnel outside director candidates, and should foster haeseoda. Chairman of the Board was to elect annually from among outside directors. Chairman of the Board shall appoint and dismiss the CEO decides on, for example, the settlement, CEO Succession Management and more. Outside Director Nomination Committee within the Board of Executive Officers and the target is also included in the Audit Committee.
Requirements of outside directors of the new syntax is more dominated by banks grew this year (Holding) CEO Greetings overlapping multiple importance. Multiple sosongje representatives of the Commercial Code amendments pending in the National Assembly also considered one of the issues banks outside directors.
Multiple representing sosongje is a system that allows the executive authority iphimyeon damage to the shareholders of the parent company of a subsidiary can be investigated for responsibility. According to the Congressional legislation josacheo of the "Corporate Governance Commercial Code amendment discussions and issues for the 'reports, multi-representative litigation, but this raises the need introduced in" The majority of our country large enterprise groups affiliated subsidiaries reality of a privately held company, "" shareholder rights in subsidiaries infringement, "" such as inhibition independent management "also bujeongron. In the case of a subsidiary outside director finance industry than a financial holding drafts are easy to catch the attention daju representative litigation, etc. points.
Experts put my opinion it is important above all to the expertise of outside directors decide. The high salaries and also "geosugi 'controversial financial firms solve their problems outside directors.
In "Domestic banks outside directors remuneration levels evaluation and challenges' Report of the Korea Institute of Finance gimwoojin senior researcher" is the core of the active Board of Directors is whether you can afford the personnel that much expertise rather than maintenance and the role of outside directors, "said" ex CEO, CFO and HR recruitment, etc. this is important rich financial experience as CEOs, even former officials, if proven expertise in the market is determined that there is no reason to exclude from the outside director candidates, "he suggested.
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