Financial Regulator Meets Heads of Financial Holding Companies
6 Articles
6 Articles
Financial authorities have ordered the boards of directors of financial holding companies to break away from acting as mere rubber stamps and faithfully fulfill their fundamental role of "checking management." This move to crack down on boards comes as the announcement of corporate governance improvement measures has been delayed for several months. On the 28th, Lee Chan-jin, Governor of the Financial Supervisory Service, [attended] the boards o…
Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), met with the chairmen of bank holding company boards and urged them to strengthen IT security and internal controls in the financial sector. The FSS announced on the 28th that Governor Lee held the "2026 Regular Meeting" with the board chairmen of eight bank holding companies. During the meeting, Governor Lee addressed key issues including strengthening IT security in the financi…
Financial authorities have issued a warning regarding the governance and internal control practices of the banking sector, which is continuing its streak of record-breaking earnings. The directive calls for the eradication of the so-called "rubber-stamp board" practice, where 99% of agenda items are passed as originally proposed, and for ensuring transparency in the succession process for subsidiary CEOs. On the 28th, Lee Chan-jin, Governor of …
FSS Governor Lee Chan-jin Warns of General Hacking Incidents at Major Securities Firms, Urges IT Security | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting
▲ Financial Supervisory Service Governor Lee Chan-jin speaks during a meeting with bank holding company board chairs held at the Financial Supervisory Service in Yeongdeungpo-gu, Seoul, on the 28th. Financial Supervisory Service Governor Lee Chan-jin urged the financial sector to reinforce information technology (IT) security today (the 28th), stating, "I understand that general hacking incidents […] Thank you for subscribing to our RSS feed!
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