Korean Air unveils measures to improve transparencyKorean Air, Korea’s national flag carrier, on Thursday unveiled a set of measures to improve transparency in its corporate governance.
Under the measures, Korean Air will bolster the independence and transparency of its board, with outside directors given a greater say in key management decisions.
Korean Air said it will set up a compensation committee comprised of outside directors that will determine executives’ wages and bonuses based on their performance.
More in Industry
Gov't approves sale of lighter, droplet-blocking masks
Food meets fashion as two markets oddly collide
Chinese dramas seen as potential Netflix killers
Stuck indoors, Korea redecorates like crazy
SK Telecom is the latest corporation to interview online