(Photo = Yonhap news)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] LS Group decided to abolish the RSU system, which was introduced last year, in a year.

According to the business community on the 25th, LS plans to hold a series of board meetings soon to vote on the abolition of the RSU system, with LS Group holding a board meeting on the 28th.

Unlike the existing incentive system, which is given in cash at the end of the year and the beginning of the year, RSU is a long-term performance compensation system that gives shares after a certain period of time.

LS Group introduced the RSU system in March last year and set the timing of performance compensation to three years later.

However, with the decision to abolish the system, incentives will be paid in cash again from this year.

In the business community, it is reported that LS Group has decided to abolish the RSU system in a year as regulations have been tightened, including the obligation to publicize the status of RSU payments, and that RSU is being abused for the purpose of inheriting management rights.

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