[Alpha Biz=(Chicago) Reporter Paul Lee] Kim Bum-soo, chairman of Kakao's management reform committee, called on community CEOs to "thoroughly look around to see if there are any loose spots in the management process."

 

Chairman Kim presided over the 5th Community Emergency Management Meeting at Kakao Pangyo Agit in Seongnam-si, Gyeonggi-do on the 27th. About 20 community CEOs and executives, including founder Kim, Kakao CEO Hong Eun-taek and Kakao Mobility CEO Ryu Geung-sun, reportedly attended the meeting. At the meeting, we shared the details of the law-abiding and trust committee agreement discussed last week and gathered opinions. Launched as an external organization independent of Kakao, Compliance and Trust Committee is in charge of revamping its affiliated companies' compliance monitoring and internal control systems. In the future, if the risk of violation of compliance obligations by related companies is confirmed, an internal investigation can be requested or a direct investigation can be conducted. Compliance and Trust Committee plans to enter into an agreement with related companies to establish a legal basis for this authority. At the meeting, the company also decided to strengthen its internal management process, including personnel, finance and legal affairs of the Kakao community, to clarify its responsibilities. "We strongly recommend reforming the system to thoroughly look back on whether there is any slack in the management process and to closely manage compliance, personnel and finance at the entire community level," Chairman of the states Affairs Commission Kim said.

 

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