DGB Financial Selects External Expert Institution to Form CEO Candidate Pool

The DGB Financial Group Chairman Candidate Recommendation Committee (hereinafter referred to as the Committee) announced on the 24th that it selected external professional institutions on the 23rd to form a pool of CEO candidates.

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The Committee selected multiple institutions to enhance the transparency of the candidate pool formation and the fairness of evaluations through mutual verification among the external professional institutions. These institutions will carry out candidate recommendations, reputation checks, and other appointment-related procedures.

The Committee plans to finalize internal and external candidate pools and select the first candidate pool (longlist) in accordance with CEO appointment principles, including ▲securing procedural legitimacy and transparency ▲enhancing diversity of the candidate pool and fairness of evaluations ▲selecting final candidates with qualifications and capabilities ▲strengthening the Committee’s independence.

The day before, the Committee received a detailed report on the 'Group CEO Development Program' and shared opinions. This program consists of courses designed to cultivate competencies such as ▲group management leadership ▲understanding of affiliate businesses ▲group risk management ▲growth strategies including mergers and acquisitions (M&A) ▲global business capabilities ▲stakeholder management ▲talent development ▲communication and reflection. The program will be continuously upgraded to suit the DGB culture during its implementation.

The Group CEO Development Program involves executives selected by the Committee from among internal group executives who have completed the CEO Development Program for at least two years.

Since Chairman Kim Tae-o’s inauguration, DGB Financial has promoted governance modernization measures and introduced the group’s core talent development program (DGB HIPO) to systematize transparent CEO candidate development and succession procedures, through which two presidents of DGB Daegu Bank have been produced.

Based on two successful CEO succession experiences, DGB Financial Group plans to implement the only systematic Group CEO Development Program in the financial sector to nurture well-prepared CEOs.

Choi Yong-ho, Chairman of the Committee, stated, “To conduct all procedures fairly and transparently according to the CEO appointment principles, the Committee’s practical independence must be secured,” adding, “We will transparently disclose the results of in-depth discussions and considerations by Committee members in all future procedures.”

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