March 22, 2019

Samsung to exclude insiders from selecting outside director

PUBLISHED : April 13, 2018 - 14:19

UPDATED : April 13, 2018 - 14:19

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Samsung Electronics has decided to exclude its executives from participating in the process to recommend candidates for outside directors, industry sources said on April 13.

According to sources, Samsung has recently changed the make-up of the recommendation committee so that it consists only of outside directors. In the past, a company executive also participated in the review of candidates.
Industry watchers said the move is apparently in line with Samsung Electronics Vice Chairman Lee Jae-yong’s push to bring more transparency to the corporate board.

Lee Sang-hoon, the new head of the board of directors, is also not taking part in the committee.

The change follows the tech giant’s decision to separate the CEO and the board of director seats to grant the board more independence to make business decisions.

By Song Seung-hyun and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099