KB Financial recommends former IBK CEO Kwon Sun-joo, Prof. Oh Kyu-taek as its new outside directors
KB Financial recommends former IBK CEO Kwon Sun-joo, Prof. Oh Kyu-taek as its new outside directors
  • Lee Kap-soo
  • 승인 2020.02.26 09:38
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Former IBK CEO Kwon Sun-joo (left) and Prof. Oh Kyu-taek of Chung-Ang University College of Business and Economics

KB Financial Group said it held an outside director nomination committee meeting on Feb. 25 and resolved to recommend Kwon Sun-joo, former CEO of IBK (Industrial Bank of Korea), and Oh Kyu-taek, a professor at Chung-Ang University College of Business and Economics, to a shareholders' meeting as candidates for a new two-year term as outside directors.

Kwon Sun-joo is a financial management expert who served as the first woman to serve as the bank's president after serving as the head of risk management at the Industrial Bank of Korea and the head of the Financial Consumer Protection Center.

Oh Kyu-taek, a certified public accountant and professor of Chung-Ang University College of Business and Economics, served as an outside director at MOA Savings Bank and Kiwoom Securities, and is an expert in the financial fields who served as a member of the Public Fund Committee.

KB Financial Group is continuously pushing for various efforts to lead sustainable growth and "ESG (environment, society, governance) management."

The company has continued its tradition of appointing women as outside directors to secure diversity in its board of directors, and if the recommended candidate is selected at a regular shareholders' meeting in March, it is expected to be the first case of two female outside directors in the country's financial holding company.

This will raise the ratio of female outside directors from 14.3 percent to 28.6 percent, and also approach toward the ratio of female non-executive directors standing at 40 percent, the ratio recommended by the European Commission by 2020.

The two new candidates for outside directors and other four candidates for second-term outside directors will be officially appointed as outside directors of KB Financial after being passed at the regular shareholders' meeting to be held in March.


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