This article was published on February 24, 2021 at 18:49 The Bell Paid PageIt is an article expressed in
Hana Financial Group elected the current chairman Kim Jeong-tae as the final chairman candidate. It is an evaluation that it is a decision that puts organizational stability first. It is said that Chairman Kim, who holds an incumbent premium, received high scores amid the recent private equity crisis and financial industry unrest factors such as Corona 19.
According to the financial industry on the 24th, Hana Financial Group held the Chairman Candidate Recommendation Committee on that day and selected Chairman Kim Jong-tae as the final candidate. Chairman Kim will be confirmed as the next chairman after going through the regular shareholders’ meeting and the board of directors next month.
Hoe-Chu-wi conducted an in-depth interview with four finalists, including Hana Financial Vice Chairman Ham Young-ju, Hana Bank Vice President Park Seong-ho, and former Citi Bank Korea President Park Jin-hoe, who were on the short list.
An official of the Hana Financial Board of Directors said, “We put organizational stability as our top priority,” and said, “Chairman Kim gathered opinions that he is the right person to respond to the rapidly changing financial markets such as ESG and the global market with continued uncertainty.
Chairman Yoon Seong-bok also said, “Chairman Kim highly praised that he has been recognized by shareholders, customers, and employees for his outstanding performance.”
After starting the succession procedure on the 5th of this month, the Hoechu Committee decided on 14 candidates, including 9 insiders and 5 outsiders. Four candidates were selected as the final candidates through internal candidate verification.
Since last year, Chairman Kim has expressed his intention not to continue working several times. However, ahead of the appointment of the next chairman, the influential candidates were exposed to judicial risk, and as the uncertainty in the financial environment increased due to the prolonged Corona 19, the weight was leaned toward the need for stable leadership.
Vice-Chairman Ham was involved in the case of corruption in the employment of Hana Bank, and a trial for the first trial is in progress. In addition, I received a’response warning’ from the financial authorities regarding the incomplete sale of a derivative-linked fund (DLF) linked to overseas interest rates. Vice Chairman Lee Jin-guk is also being investigated for pre-sale of stocks.
The financial authorities also did not raise any special opinions. Earlier, Eun Seong-soo, chairman of the Financial Services Commission, said, “It is not appropriate for the financial authorities to comment on the possibility of Chairman Kim’s reappointment.” Financial Supervisory Service Yoon Seok-heon also said, “It is difficult to say anything about the judgment of the condolences, and I hope that the process will proceed transparently.”
This is different from three years ago. Earlier, at the time of Chairman Kim’s three consecutive terms in 2018, the Financial Supervisory Service pointed out that it was not fair for the incumbent chairman to participate in the meeting. However, at the time, Hana Financial Group’s meeting was enforced, and President Kim was chosen as the final candidate to establish a confrontation with the authorities.
However, Chairman Kim can only serve as chairman for one year until March next year. This is because, according to the internal norms of Hana Financial’s governance structure, the age qualification of the chairman cannot exceed the age of 70.
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재 및 재배포 금지 >