Shinhan Financial Group Board of Directors Hosts 'Roundtable' Inviting Institutional Investors

The Shinhan Financial Group Board of Directors announced on the 27th that it held a roundtable meeting on the afternoon of the 26th at the Shinhan Investment Corp. headquarters in Yeouido, Seoul, inviting domestic and international institutional investors.

The Shinhan Financial Group Board's roundtable is a group discussion session actively exchanging opinions to build consensus and trust with major shareholders, held regularly every year. Approximately 50 domestic and international institutional investors attended this roundtable either in person or virtually. Shinhan Financial Group was represented by seven outside directors, including Board Chairman Yoon Jae-won, along with Chairman Jin Ok-dong (inside director) and President Jung Sang-hyuk (other non-executive director).

The institutional investors present particularly inquired about the board's role and specific implementation plans related to the recently announced corporate value enhancement plan. The Shinhan Financial Group Board responded, "We have reset the group's medium-term financial targets, initially disclosed to the market in August 2022, in line with the trend of strengthened regulations," adding, "We will establish an evaluation and compensation system linked to the corporate value enhancement goals and prepare concrete implementation measures to monitor more closely."

Regarding questions about initiatives to strengthen internal controls, the board answered, "The reason Shinhan Bank recently became the first in the banking sector to submit a responsibility structure chart, and why the holding company is also hastening early submission, is because strong internal controls must accompany genuine corporate value enhancement."

Board Chairman Yoon Jae-won emphasized, “We have set and implemented internal control and risk management, customer-centric management, and shareholder value enhancement as core agendas to improve corporate value,” and added, “The Shinhan Financial Group Board will do its best to ensure sustainable growth of the group and proper corporate value assessment through transparent and responsible decision-making.”

Chairman Jin stated, “Thanks to thorough research on capital policy, which was deeply discussed last year, and strengthened communication with various stakeholders, we were able to announce the corporate value enhancement plan in July,” and said, “Shinhan Financial will further develop the constructive dialogue from this roundtable and strive to lead proactive and pioneering corporate value enhancement.”