The board of Shinhan Financial Group held an overseas investor relations (IR) roadshow in the United Kingdom, targeting global institutional investors and international governance organizations, where it presented its strategy to enhance corporate value and its approach to governance. The company said it plans to strengthen a governance framework aligned with global standards through board-led communication with overseas investors.
Shinhan Financial Group said on the 12th that Board Chairman Kwak Su-keun visited Edinburgh and London in the UK for five days starting on the 6th to conduct the overseas IR for global institutional investors and international governance organizations.
The schedule was arranged as part of the board-led overseas investor communication program. Shinhan explained the progress of its efforts to enhance corporate value and its approach to governance. It also listened to the views of overseas investors and governance experts.
Shinhan's board has been operating overseas IR on a regular basis since last year. It has broadened its points of contact with domestic and overseas investors through measures such as sending shareholder letters and holding board roundtables. The opinions gathered in this process are being reflected in decision-making to protect shareholder rights, operate the board, and strengthen responsible management.
In Edinburgh and London, Chairman Kwak met with major institutional investors, including global asset managers ClearBridge Investments and Pictet Asset Management, and shared views on domestic and international economic conditions and issues in the financial industry. He also explained the progress of Shinhan Financial's medium- to long-term growth strategy and its plan to enhance corporate value.
At the meetings, Shinhan's governance framework based on the independence, expertise, and diversity of its board, as well as the board's role in building a foundation for sustainable growth, were also addressed as key agenda items.
In London, Chairman Kwak also met with officials from the International Corporate Governance Network (ICGN) and exchanged views on changes in the global governance environment, investors' expectations, and the board's role in creating long-term corporate value. The ICGN is an international body involving major pension funds, asset managers, and institutional investors from around the world, working to spread sound corporate governance and establish a long-term investment culture. "Direct communication with global investors is an important process for understanding market expectations and advancing our strategy to enhance corporate value," Chairman Kwak said. "We will continue to make responsible decisions based on independence and expertise, and continuously develop a governance framework that meets global standards."
