IBK Securities announced on the 4th that it has officially implemented the responsibility structure diagram in accordance with the amendment to the Financial Business Governance Act. The responsibility structure diagram clarifies the roles and responsibilities of financial company executives, and if a financial accident occurs, the executive with the relevant responsibility will be held accountable.
Since last year, IBK Securities has been conducting its own responsibility structure enhancement project in collaboration with Samjeong KPMG and Yulchon, and participated in the pilot operation by the Financial Supervisory Service in February. IBK Securities established measures to prevent conflicts of interest and prepared a responsibility technical document, responsibility structure diagram, and responsibility management manual, reflecting key recommendations from the FSS.
An official from IBK Securities said, “As the only securities firm affiliated with a national policy bank in the country, we will strive to ensure that the internal control system based on the responsibility structure diagram is effectively operated,” adding, “We will continuously improve governance and establish ourselves as a securities firm that customers can trust.”