[Korea sinyuncheol financial newspaper reporter] Our bank has a 360-degree turns to privatization system. In the meantime, we've got a bank under government supervision were limited in management. Was priced lower than other banks in terms of wage permanent seat yen thanks to the government came down parachute frequently. But the private affairs from a new permanent audit at the same time let's successful privatization of the dominant stockholder review the wage system a reality. We will act as the bank showed that the two private banks. Our banks are expected to continue to look for this trend to switch the holding company.
◇ after standing auditor from 2000's first private affairs
According to former finance ohjeongsik KB Capital represents 61 new permanent audit was the intervention of our bank. It is our position that the bank standing auditor from the private rather than government intervention is the first parachute in the 2000s. We gotta Bank has continued appointment of former political relations, since 2001, the Standing gamsajik incorporated into the government-owned Woori Finance Holdings. Ministry of Finance, the Financial Supervisory Service, Korea Deposit Insurance Corporation, the Board of Audit and Inspection personnel who take jeongsugyeong been incumbent auditor lawyer proportional representative candidate from elections saenuri per turn.
Our bank executives Nomination Committee (which is cold) held a Board of Directors elected for three days to discuss the agenda thanks to the five former representative. Five official nominees will be elected 24 days through the Shareholders' Meeting. Iphaeng year 1979 to commercial banks in Korea it has a history of Hanmi Bank and former Director of Strategic Planning and buhaengjang such as Citibank Korea.
Our bank is behind the candidate kkurin of five private financial professionals through the Head Hunter 2 places before reaching this intervention had a reputation for going through the selection process inquiries, interviews and more.
◇ realize that wages are expected Hangwon
We also sets out the Bank's net income scale and price management as well as promoting the introduction of "Stock Grant" nature of the bonus paid based on the performance of a full-scale reorganization of the wage system for employees, including executive remuneration a reality for haengjang.
Stock Grant haengjang CEO comprehensively consider such as the price and performance management, etc. (CEO) says that as a bonus shares. In the past, came to pay a financial company stock options for executives gotta replaced by the Stock Grant since 2008 the excessive bonus payments controversy, most financial companies have introduced a Stock Grant.
It is expected to climb even pay for Hangwon. The average salary of our bankers is 75 million won in average staff salary compared to other banks 85% to 90% line. Woori Bank was difficult to determine the wage structure controlled independently according to Dunn management implementation agreement (MOU) signed with past forecasts.
◇ holding company transition visualization
Our bank holding company may pay for the speed switching operation. Woori Bank has selected 'Kim & Chang' and 'Samil' advisors to take on the recent financial holding company transition. Woori Bank's new strategy for the future only through a reorganization early last month has been reviewing the practical work required for the holding company transition.
Until now, it did come out for specific schedule and is expected to visualize the transition into a holding company this year. Oligopolistic shareholders agree in principle that the back door is also the holding company transition needs. But in the future when switching insurance holding company, shareholders and securities dominated traffic for the overlapping area it may occur if you do not facilitate subsequent noise.
The bank holding company if we switch to the Bank for International Settlements (BIS) capital adequacy standards than when the bank alone is expected to rise more than 1 percentage point. In this case, if the rating goes up through the equity ratio rising side, it can also reduce foreign debt funding can go further and reduce costs when purchasing the subsidiary or the mergers and acquisitions (M & A).
When we apply for a bank holding company transition it is achieved FSC pre-authorized approval to undergo examination 60 days, through 30 days after the re-examination if the examination results apply for boninga problem.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
