NH Nonghyup Life Insurance Appoints 9 Members to Its 1st Youth Board of Directors

Composed of Millennials
Serving as a Regular Communication Channel Between Young Practitioners and Executives

Kim In-tae, CEO of NH Nonghyup Life Insurance (third from the left in the front row), and nine young directors are taking a commemorative photo for the appointment ceremony.

[Asia Economy Reporter Ki Ha-young] NH Nonghyup Life Insurance announced on the 19th that it selected 9 young employee directors and held an appointment ceremony at the Nonghyup Life Insurance headquarters located in Seodaemun-gu, Seoul.

The newly introduced Youth Board of Directors is an organization created to allow young practitioners to discuss organizational issues and convey opinions on company policies or system improvements to the management.

The young directors were mainly selected from the millennial generation aged between 25 and 37 to nurture future core leaders and hear creative perspectives. The personnel composition is diverse, ranging from first-year new employees to eighth-year managers, and it is expected to play an important role in reflecting new sensibilities and trends in management policies and establishing a horizontal organizational culture.

The selected young directors will hold regular meetings to communicate with the management and will also be given advisory functions from a new perspective on the company's major policy directions. They also plan to present creative ideas for discovering new businesses and participate in internal and external promotional activities using new media such as SNS.

CEO Kim In-tae said, "For Nonghyup Life Insurance to grow sustainably amid the rapidly changing financial environment, active participation and free communication of employees are essential," adding, "I hope they will take the lead in improving the company's old and outdated practices and establishing a flexible organizational culture."

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