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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] On the 12th, Kakao announced that, in commemoration of the six-month anniversary of the establishment of the Compliance and Trust Committee, they held their first workshop the previous day at the 'Kakao AI Campus' in Yongin, Gyeonggi Province, to review Kakao's compliance status.
Kakao plans to establish a control tower structure centered around the CA Council, led by Kim Beom-soo, the chair of the CA Council, to initiate management reform. Particularly, they will strengthen the pre-risk assessment and post-monitoring system for major decisions with significant social impact, such as large-scale investments, to enhance responsible management. Additionally, they will reinforce internal and external reputation checks of the management and consider measures to impose indemnity responsibilities on executives involved in intentional illegal activities.
To establish 'ethical leadership,' Kakao will prepare and publicly announce the 'Kakao Group Code of Ethics,' which includes four key principles: value, fairness, communication, and responsibility, to be observed by all employees, including the management.
Furthermore, to restore social trust, Kakao will also pursue measures to protect shareholder value and promote coexistence with partners. To prevent the indiscriminate initial public offerings (IPOs) that could potentially harm the parent company shareholders’ value due to subsidiary listings, Kakao has set a principle to avoid such IPOs. Accordingly, any future IPOs will undergo a thorough pre-verification process at the group level.
Even if an IPO is decided, measures to protect shareholder value will be established and implemented. To promote coexistence with partners, Kakao will develop a comprehensive roadmap at the group level and systematically support cooperative projects.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
