KT said Thursday its board revised parts of its board rules at an April regular meeting held shortly after the shareholders meeting, moving to tighten corporate governance. The key change removes a provision requiring the board’s advance approval for organizational restructuring.
The revision aims to streamline decision-making on personnel and restructuring. Previously, the CEO had to obtain prior board approval to appoint or dismiss division head-level executives or to carry out a reorganization. That requirement was deleted. The board also eased the restructuring requirement from “advance reporting” to “reporting,” a move KT said would speed management decisions.
The board also codified how it will respond when an outside director is suspected of violating company rules. Until a judicial ruling is finalized, the director would be restricted from attending board and committee meetings and from participating in deliberations, and would be advised not to exercise voting rights.
KT said the changes are intended to strengthen the CEO’s accountability while allowing the board to focus more on its core role of checks and oversight.
Board Chairman Kim Yong-heon said the revisions are meant to improve the rationality and transparency of board operations and clarify the roles of the CEO and the board. “We will continue improving the system in line with the launch of a new CEO leadership,” he said.
* This article has been translated by AI.
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