Samsung To Exclude Insiders From Outside Director Picking Process
Daniyal Sohail Published April 13, 2018 | 12:38 PM
Samsung Electronics Co. has decided to exclude inside members from participating in the process to recommend candidates for outside directors, industry sources said Frida
SEOUL, (UrduPoint / Pakistan Point News - 13th Apr, 2018 ) :Samsung Electronics Co. has decided to exclude inside members from participating in the process to recommend candidates for outside directors, industry sources said Friday.
According to sources, samsung Electronics 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.
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
Survivors tell of panic at C.Africa river boat disaster
Enrolment campaign, awareness walk held in Lower Chitral
“Say no to plastic- yes to tress” campaign kicks off in Attock
'PML-N secures people's trust in by-polls'
Girl dies as pole falls in street
More Stories From Technology
-
Pro Tips: How to Capture Stunning Portraits with the Aura Light Portrait of vivo V30 5G
21 hours ago -
Itel celebrates launch of S24—a new brand identity
2 days ago -
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
3 days ago -
Take Charge, Live Free: Empower Your Life with Infinix NOTE 40 Series
5 days ago -
PTA Undertakes Consultation with All Pakistan Network Association (APNA) on Proposed Class Value Add ..
5 days ago -
Vivo V30 5G: The Perfect Blend of Enhanced Photography and Premium Design
6 days ago
-
PITB's Regional Plan 9 invites applications for its newly launched incubation centers in Rawalpindi, ..
7 days ago -
Pakistan calls for enhanced information integrity on digital platforms
7 days ago -
Infinix NOTE 40 Series vs. the Competition: Why It Stands Out
8 days ago -
"Unlock Exceptional Value: The New realme Note 50 with Extended Warranty Now Available in Pakistan!� ..
8 days ago -
Google unveils new AI chips, arm-based processor for data centers
14 days ago -
Italy considers stricter penalties for AI-related crimes
14 days ago