NH Nonghyup Capital Strengthens Internal Controls… CEO Jang Jonghwan: "Accident Prevention, Basic Duty of Financial Firms"

Establishment of Internal Control Committee within the Board of Directors
New Internal Control Council Directly under the CEO

NH Nonghyup Capital announced on the 31st that it had significantly revamped its internal control system on the 28th. It established the Internal Control Committee and the Internal Control Council and expanded the compliance reporting reward.

View of NH Nonghyup Capital Building, Yeouido, Yeongdeungpo-gu, Seoul. Provided by NH Nonghyup Capital

The company explained that the revamp was pursued to establish best practices for preventing financial accidents and strengthening internal controls.

Although the Audit Committee had been performing the committee's role according to the articles of incorporation, it was installed as a committee within the board of directors through the revamp.

An Internal Control Council, chaired by CEO Jang Jong-hwan, was also newly established. Through this, the company plans to build a more systematic internal control system.

Additionally, the upper limit of the compliance reporting reward has been raised to promote compliance reporting and prevent financial accidents.

On the same day, CEO Jang sent a letter in his name to all employees urging the internalization of internal controls and the practice of ethical management.

The letter contained the top management's strong commitment to ethical management.

CEO Jang said, "Preventing financial accidents and practicing ethical management are fundamental responsibilities of financial companies," adding, "We will continue to strengthen internal controls to become a trusted future financial partner for our customers."

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