Corporate Governance
KT has adopted most of the corporate governance recommendations that comply with global standards, such as implementing the professional management system and operating an independent board of directors. By separating the roles of the CEO and BOD chairman, KT has effectively established an objective and independent governance system, and is constantly endeavoring to improve its corporate governance structure, as reflected in its actions such as the issuing of the “KT Corporate Governance Charter” and establishment of a Corporate Governance Committee. KT was awarded the Hall of Fame Award(2007–2008) and Grand Prize(2010)by the Corporate Governance Service(CGS) in the CGS-hosted corporate governance evaluation.
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Famous quotes containing the words corporate and/or governance:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)