Hana Financial Group Partners with FSC, Korea Institute of Financial Investment, and Banks Association to Foster and Strengthen Outside Directors' Competencies
Ham Young-joo Emphasizes Importance of Board of Directors
Hana Financial Group Signs Agreement to Enhance Outside Directors' Capabilities
Hana Financial Group announced on the 13th that it has signed a business agreement with the Financial Supervisory Service, the Korea Institute of Finance, and the Korea Federation of Banks to foster and strengthen the capabilities of outside directors.
This agreement was established to create an environment where the board of directors' decision-making can be more balanced and transparent by advancing board operations and risk management systems, as well as enhancing the expertise and capabilities of outside directors, in order to establish proper governance in financial companies.
To this end, the Financial Supervisory Service and the Korea Institute of Finance will provide customized training programs tailored to the career stages and years of service for prospective, new, and incumbent outside directors, sharing essential knowledge and directions of financial supervisory policies. Additionally, training will be conducted for board secretariat staff to assist in smooth board operations, covering secretariat duties and supervisory authority guidelines.
Hana Financial Group plans to actively participate in this program by establishing and implementing a systematic training plan to encourage active participation from outside directors and board secretariat staff of the holding company and banks, ensuring the program is effectively operated.
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Chairman Ham Young-joo stated, "With the full implementation of the accountability framework starting this year, the role of the board of directors, which is the core of corporate governance, has become more important than ever." He added, "Amid the trend of strengthening the role of boards for the advancement of governance in the domestic financial sector, we will do our best to ensure this program is effectively established."
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