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Shinhan Financial Group recognizes and embraces the benefits of having a diverse Board to make important decisions based on a wider perspective with better consideration of the interests of its shareholders, customers and other stakeholders. At the end of each year, the Board determines the direction for next year’s director candidate selection and the composition of the board with an aim to fulfill the following diversity requirements:

  • Expertise

    1. 01. Core Expertise: Financial Services, Business Management, Economics, Legal & Internal Control, Finance & Accounting
    2. 02. Additional Expertise: Digital & ICT, International Business & Capital Markets, Risk Management, Consumer Protection & ESG
    3. 03. Key Experience: Independent Director Experience, Organizational Management Experience

  • Diversity

    1. 01. Nationality: Identifying director candidates of diverse nationalities to build a globally advanced governance structure.
    2. 02. Gender: Reflecting the principle of equal opportunities for all genders to foster board operations based on diverse perspectives.
    3. 03. Age: Enhancing board effectiveness by balancing adaptability to a changing business environment with seasoned experience.
    4. 04. Experience and Background: Considering the characteristics of South Korean society while avoiding overrepresentation from specific backgrounds.
    5. 05. Others: Considering additional diversity factors as appropriate.

  • Recommendation

    Employing an open approach when recommending independent directors, in order to enhance the interests of various stakeholders

The Board, based on the ‘Board Skill Matrix,’ reviews the collective suitability of its composition and is committed to maintaining and enhancing diversity

Unless limited by the laws of the Republic of Korea, Shinhan Financial Group will continue to make every effort to ensure that the board of directors will be more effective by adding various perspectives and experiences.