Chairman Bae Daein Orders Comprehensive Review of Internal Controls
Applies 'Zero Tolerance Policy' for Financial Incidents, Strengthens Risk Management
On the 10th, BNK Financial Group Chairman Bin Daein carried out a comprehensive regular personnel reshuffle for the second half of the year, reflecting the group's first-half performance and internal control inspection results, and called on all executives and employees to focus on 'preventing financial accidents' and 'fostering compliance and ethical awareness.'
Chairman Bin expressed his gratitude to the employees, stating that the meaningful achievements in the first half and the reevaluation of the group's stock price in the market were thanks to their efforts, and once again emphasized the importance of preventing 'financial accidents,' which can have significant social repercussions regardless of their nature or scale.
He then instructed the group to: ▲ fundamentally reassess awareness regarding the prevention of financial accidents and conduct a comprehensive review of the group's internal controls ▲ emphasize sound management based on mature and rational ownership spirit ▲ establish a rational decision-making process among members based on trust.
First, Chairman Bin stated, "A financial accident is a grave matter that shakes the foundation of the organization, and in the event of recurrence, strict action will be taken without exception, regardless of position or rank," declaring a zero-tolerance policy. He also ordered a shift in awareness regarding the prevention of financial accidents and a comprehensive reevaluation of the group's internal controls, saying, "The philosophy of integrity must be embedded throughout not only our work but also our organizational culture."
He continued, "Internal conflicts that arise at a critical time when we must overcome crises can give external stakeholders cause for concern and distrust," and added, "It is important for employees to make efforts and have the attitude to resolve problems based on a mature and rational sense of ownership. This will lay the foundation for 'sound management.'"
He also emphasized, "Trust is a very important value not only in relationships with customers but also in the work and among members of the organization," and urged, "Let us create a system where rational decision-making can be achieved based on a harmonious trust relationship among members."
Reflecting this management philosophy, BNK Financial Group selected 'strengthening internal controls,' 'trust-based sound management,' and 'risk management' as the core keywords for the group's strategic direction in the second half of the year.
A group official stated, "While financial performance is of course important, we will make every effort to prevent financial accidents, as the social evaluation of such incidents has become incomparably stricter than in the past, regardless of their nature or scale," expressing a strong commitment to strengthening internal controls.
To strengthen and improve the group's internal controls, BNK Financial Group has been operating a 'Group Internal Control Enhancement Task Force' led by the holding company since August last year. Through external consulting for the 'BNK Financial Group Internal Control Level Assessment,' the group has conducted a company-wide diagnosis of common areas such as compliance monitoring, anti-money laundering, and financial consumer protection, identifying vulnerabilities and innovation tasks.
In addition, BNK Financial Group is currently conducting external consulting to establish a 'group-focused internal control management system' aimed at achieving zero financial accidents and establishing standardized internal control management standards for the group.
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