NH Investment & Securities announced on October 30 that it has implemented immediate personnel changes and established a dedicated task force team (TFT) to build a robust internal control system, aiming to restore trust in the market and among customers.
On the morning of the same day, NH Investment & Securities took action to remove an executive currently under investigation by the joint response team from their duties. The company stated that this decision was made in recognition of the seriousness of having a person in a highly ethical role involved in an unfortunate incident, and to ensure full cooperation with the ongoing investigation by the joint response team.
In addition, President Yoon Byungwoon was appointed as the head of the TFT, which consists of executives responsible for compliance, audit, and related areas, to establish a dedicated internal control enhancement system. The company will begin by conducting a comprehensive review of all employees' securities accounts and will carry out a self-assessment to identify any issues within its internal control system. Furthermore, NH Investment & Securities plans to benchmark advanced overseas practices and seek advice from external law firms to introduce cutting-edge systems and policies.
President Yoon Byungwoon stated, "These personnel changes were the most fundamental and immediate actions required to strengthen internal discipline. The TFT was organized not as a formality, but to build a rigorous, globally competitive internal control enhancement system. Through these personnel changes and the TFT, we are declaring a zero-tolerance policy toward any activities that disrupt market order. Moving forward, we will take the lead in restoring trust and enhancing transparency in the capital market."
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