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[Alpha Biz=(Chicago) Reporter Kim Jisun] Lee Bok-hyun, head of the Financial Supervisory Service, pointed out that KB Financial Group set evaluation standards and methods after selecting candidates in the process of appointing a chairman.
"KB Financial Group has tried to do better than other comparison targets in the succession process, but it is not that good based on absolute criteria," Lee said in a meeting with reporters after the "agreement ceremony to promote the prevention of non-face-to-face financial accidents" on the 5th.
"It should be based on those who have this vision and those who want these CEOs to participate in the competition, but we set the candidates first and then set the evaluation criteria and methods," he said. "We need room for improvement."
"I'm not trying to make anyone (CEO) do it, but I'm trying to rationalize it," he added.
Regarding the observation that DGB Financial Group Chairman Kim Tae-oh could revise the age limit and serve a third consecutive term, he said, "To change (the rules) so that he can serve three consecutive terms is like changing the rules in the middle after starting soccer," adding, "The DGB Financial Group I know will not do that."
"(Even if DGB Financial Group revises its regulations), it is aimed at improving the age limit, and I think the view that it is for self-reappointment would be a misunderstanding," Director Lee added.
He also made a point regarding his third consecutive term. "The chairman has the upper hand in all respects," Director Lee said. "There is a need for a generational change because it can be a tilted playground," Lee said. "Is it no matter how good it is for him to continue?" "We should raise the standard when we serve a second term at least than when we first took office, or create a fair standard with other competitors," he suggested.
"The third consecutive term is 10 years, and 10 years is a period during which a manager can be vice president or president," he said. "No matter how aboveboard he is, if there is someone who doesn't fit his style, he doesn't have a chance for 10 years." "You can ask whether this is healthy or not," Director Lee said. "If financial companies sympathize with this sense of the problem, they should come up with solutions that suit their respective circumstances."
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
