Labor transfer to have been rejected in shareholder general meeting, Financial labor union ready to restart
Cho Eun Guk | ceg4204@ | 2018-05-01 14:48:01

It seems that the controversy will arise as the labor union in the financial sector resigns from the financial holding shareholders` After KB Financial Group union`s recommendation of workers` directors was rejected by major shareholders, this time the union in the banking sector is poised to lead the labor-management relationship between the banking sector as labor publicizes the priests.

Especially, the legislature is expected to propose a law that introduces a priest to labor in the near future.

On May 2, the financial industry labor union (hereinafter referred to as "the financial union") and the national office financial service union (hereinafter referred to as the "union financial office"

The forum was set up to emphasize the justification and effect of the introduction of the priesthood at the level of the union. The financial reformer, a professor at the Hongik University economics professor, said, "The labor needs of financial companies should be introduced to the priest." Jeong Seung-il, the director of the Policy Research Institute of the Federation of Public Finance and Finance, Director of the Department of Financial Policy, and Professor Kim Soon-soo of the Soonchunhyang University.

Although the current government is promoting the adoption of the priesthood by the public institutions, it is not easy to introduce the system in the financial sector as opposed to the management and shareholders. In the case of KB Financial Group, since the last year, the recommendation of workers has been promoted twice, but it has not yet reached the threshold of the general meeting of shareholders.

The financial sector is showing great concern that labor directors can lead to excessive management intervention by unions. In the first place, it is against the shareholder value, and it is the financial sector`s judgment that it is difficult to overcome the objection of shareholders and management.

However, the financial union is stating that labor, which is opposed to the president and major shareholders, will publicize the priest again. Earlier, the labor negotiating committee on the 12th was held on the main bargaining table.

In politics, labor is moving to revise legislation to introduce priests. In addition, Jung Jae-ho, a Democratic Party lawmaker, plans to initiate an amendment to the "Law on the Governance of Financial Institutions," which provides legal grounds for labor in the near future. The amendment will include the appointment of outside directors who are recommended by the workers at the time of the board of directors` meeting or a representative of the union to which more than half of the employees are affiliated, as outside directors.

Meanwhile, the financial union and the office finance union launch a joint struggle headquarters to strengthen the financial publicity. The main purpose of this paper is to resolve the issue of governance of financial institutions and the financial policy of the present government.


By Cho Eun Guk ceg4204@


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