​​​Director Nomination Policy

KBank places importance on the transparent process and criteria for director nomination in accordance with the Statement of Corporate Governance Principles. This is to ensure that the Board of Directors comprises persons of wide range of knowledge, competence, skills and experience that commensurate with KBank’s nature of business and risk exposures, beneficial to our long-term business, and in alignment with our directions and strategies, as well as sustainable development.

Members of the Board of Directors must consist of, at least, one director who has knowledge or experience in information technology, one director has adequate knowledge and experience to review the reliability of financial statements, one director has knowledg​e, competence and understanding of risks related to the financial institution business, one director has experience in financial institution business, and female should constitute at least 30 percent of all Board members.

The Human Resources and Remuneration Committee is responsible for selecting and nominating qualified candidates as specified by KBank, including accepting proposition of qualified candidates by shareholders, or selecting candidates from the director pool database or the database of directors and executives of securities issuing companies (Whitelist) to be nominated to the position of director, as assigned by the Board of Directors. Nomination guidelines include:

  1. Considering persons having “fit and proper” qualifications and capacity, without any characteristics prohibiting them from holding a directorship in a financial institution as specified in the relevant regulatory agencies and the Bank’s Articles of Association, and other necessary qualifications that are in line with KBank’s business strategies and sustainable development.
  2. Considering an appropriate composition in wide range of disciplines, taking into consideration, size and diversity of the Board, i.e. skills, knowledge, competency, experience, and independence, without any discrimination against gender, age, race, and ethnicity, based on the board skill matrix.

Required knowledge and expertise of the Board of Directors include banking and financial services, strategic acumen, accounting, marketing and branding, sustainability development, risk management, human resources, law, international business, as well as information and digital technology.

Board Skill Matrix