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:
aRequired Expertise: finance, business management (operation of organizations), economy, law, accounting
bDetailed Expertise: overseas work experience, digital, investment banking (IB), risk management, consumer protection,
and other fields of expertise a director of a financial company needs
cOutside Director Experience: Understanding of director’s duties
aNationality: Candidates of various nationality, reflecting the Company’s international operations
bGender: Candidates of different genders, reflecting the principle of gender equality, to operate the Board based
on diversified perspectives
- At least 1/5 of the director candidate pool should be females
cAge: Candidates of harmonized age, in order to flexibly respond to changes in the management environment
and to enhance the efficiency of the board
- 15 years older or younger than the CEO
dOthers: Candidates will not be discriminated by other diversity factors, including
but not limited to race, religion, ethnicity, nationality.
Employing an open approach when recommending independent directors, in order to enhance the interests of various stakeholders
In determining the direction of the board, the board verifies that the composition of the board reflects the
above diversity requirements through the “Diversity Verification Matrix”.
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.