Jin Ok-dong, chairman of Shinhan Financial Group, secured a three-year second term.
According to the financial sector on the 26th, Shinhan Financial held its regular shareholders meeting at 10 a.m. that day and approved all agenda items, including the proposal to reappoint Jin as an inside director.
Jin won another term with little dissent, recognized for efforts to enhance shareholder value, establishing a base for sustainable profits, strengthening internal controls and financial consumer protection, and improving communication with investors.
After first taking office in March 2023, Jin was selected as the chairman candidate by the Chairman Candidate Recommendation Committee in December last year. The committee said of Jin, "Beyond simple financial performance, he strengthened the group's future competitiveness in areas such as digital and global, and, through the Shinhan Value-up Project, leveled up the value of corporations; he also established a distinctive internal control culture that reinforced solid management, which received high marks."
At the shareholders meeting that day, a proposal to reduce 990 billion won in capital reserve and transfer it to retained earnings was also approved.
An agenda item to change the statutory term "outside director" to "independent director" under the Commercial Act and to appoint outside directors Kim Jo-seol, Bae Hoon, Song Seong-ju, Choi Young-kwon, and Park Jong-bok was also approved.