| Mobile Web

Search results for CEO succession

AI & Enterprise

FSS urges banks to build AI internal control systems

South Korea\'s Financial Supervisory Service urged banks to build internal control systems aligned with the expanding adoption of AI, calling for governance and control standards to manage hard-to-predict risks in advance. The watchdog held an internal control workshop in Seoul attended by about 170 officials from eight bank holding companies and 20 banks. It also shared findings from governance checks and internal control reviews, citing cases of debtor rights violations and calling for tougher follow-up inspections on business loans.

Telecommunications & Media

Apple appoints Johny Srouji as head of hardware as Tim Cook successor lineup continues

Apple has appointed Johny Srouji as its top hardware executive, replacing John Ternus, in a move that takes effect immediately, The Verge reported. The reshuffle comes as Apple prepares for a leadership transition in September, when Ternus is set to become CEO and Tim Cook is to move to chairman. Cook praised Srouji’s role in Apple’s silicon strategy. Apple did not detail further organisational changes.

Finance

Pressure mounts for governance overhaul as financial holdings brace for AGM season

Major South Korean financial holding companies are on edge ahead of regular annual general meetings this month as financial authorities press for governance overhauls, including improved CEO reappointment procedures and stronger board independence. Reappointment votes for several chairmen, outside director appointments and articles-of-association changes are on agendas. Shareholder-return plans, including using capital reserves for dividends, will also be voted on. A debate over adopting a shareholder-nominated director system has also emerged.