Watchdog Chief Calls for Fairness, Transparency in CEO Selection Process
4 Articles
4 Articles
Watchdog chief calls for fairness, transparency in CEO selection process
The chief of the country's financial watchdog said Wednesday that bank holding companies need to draw up measures to boost fairness and transparency in selecting chief executives of their affiliates. In a meeting with the heads of eight holding companies of banks, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), urged them to redouble their efforts to select chief executives of their affiliates in a fair and transparent manner.…
Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), urged bank holding company chairmen to select the right candidates based on ability rather than being bound by factions or personal connections when appointing subsidiary CEOs. Governor Lee made these remarks during a meeting held on the 23rd at the FSS in Yeouido, Seoul, with the chairmen of eight bank holding companies and the Chairman of the Korea Federation of Banks. He empha…
(Seoul = Yonhap News) Reporter Bae Young-kyung = Financial Supervisory Service Governor Lee Chan-jin convened bank holding company chairmen on the 23rd to [address] the fairness and transparency of the appointment process for CEOs of financial company subsidiaries...
Lee Chan-jin, Governor of the Financial Supervisory Service, summoned the chairmen of eight financial holding companies ahead of a large-scale reshuffle of top executives in the financial sector, including the heads of the five major banks, at the end of the year and called for a transparent and fair succession process.
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