Financial groups vow to fortify internal controls amid employee misconduct, loan scandals

Financial groups vow to fortify internal controls amid employee misconduct, loan scandals

The country’s three leading financial groups - KB Kookmin, Shinhan and Woori - vowed to strengthen internal control measures at their respective shareholders’ meetings Wednesday in a collective move to address brewing public criticism over a slew of employee embezzlement cases and poorly granted loans.

[Digital Daily Reporter Kang Ki-hoon] On the 26th, KB Financial Group held a board meeting immediately after the end of the regular shareholders' meeting and appointed outside director Cho Hwa-jun as the chairman of the board. Chairman Cho is a financial and finance expert with a Ph.D. in accounting and extensive experience and insight. He has served as CFO of various companies including KTF and BC Card and CEO of KT Capital, and has been recog…

Korean financial firms enhance internal controls through leadership and personnel changes – CHOSUNBIZ – 조선비즈 - Corruption By Cops

Korean financial firms enhance internal controls through leadership and personnel changes – CHOSUNBIZ  조선비즈 Source link The post Korean financial firms enhance internal controls through leadership and personnel changes – CHOSUNBIZ – 조선비즈 first appeared on Corruption By Cops.