Jin Ok-dong, Shinhan Financial Group Chairman, "Early Implementation of Internal Control Responsibility Structure"

"All Work Processes Must Be Justified"
"Internal Controls Must Advance One Step Higher to Become World-Class"

Jin Ok-dong, Chairman of Shinhan Financial Group, is giving a CEO lecture at the Shinhan Life headquarters on the 3rd.

Jin Ok-dong, Chairman of Shinhan Financial Group, announced on the 3rd that the 'Internal Control Responsibility Structure Chart' will be introduced early.

During a CEO lecture for Shinhan Life employees on the same day, Chairman Jin said, "For the sustainable growth of the group, all processes of work must be justified through thorough internal checks and verification," adding, "To this end, the 'Internal Control Responsibility Structure Chart' will be introduced early after the legislation passes."

The Internal Control Responsibility Structure Chart is a document that allocates internal control responsibilities to financial company executives according to their duties, clearly identifying accountability. Financial authorities have announced plans to introduce it to spread responsible management, and it is already applied in advanced financial countries such as the UK and Singapore.

Furthermore, Chairman Jin emphasized, "Being recognized by customers is the true first place rather than being financially number one," and said, "After the painful reflection following the investment product incident, let us move forward to become a 'first-class' Shinhan recognized by customers and society based on a higher level of internal control."

A Shinhan Financial Group official explained, "As the introduction of the responsibility structure chart will make the work process more stringent, there are concerns that sales capabilities may decline, but from the perspective of more thoroughly protecting customers and gaining trust, it will be beneficial to the company in the long term."

This content was produced with the assistance of AI translation services.