Banks" Stockholders Meetings Begin
Regular stockholders meetings of commercial banks will commence on February 12 and continue to the end of the month.The main characteristics of the meetings are that banks will fortify the power of outside directors and reorganize the governing structures of banks.
Shin Han Bank will abolish its nine-member directors meetings and set up an executive committee composed of three directors, three outside directors and five or six directors picked by stockholders.
Hanvit Bank had earlier this year concluded the formation of directors meetings in which two company directors and nine outside directors will participate.
Korea Housing Bank will decrease the number of directors from the current eight to two or three and plans to scout outside directors including foreigners.
with the Korea JoongAng Daily
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