When Hana Financial Group (Hana) agreed to acquire Korea Exchange Bank (KEB) in 2012, significant tension and conflict arose between Hana and KEB’s labour union, which demanded job security and independent management of the bank. The union filed a lawsuit to block Hana’s acquisition of KEB and sued its president. Hana threatened to sue the union in return. We also noted that its board needed improvement, especially in respect of the independence and skill sets of its non-executive directors. Furthermore, we had concerns about executive remuneration.
Dr Christine Chow, Associate Director at Hermes EOS, reflects on the successful engagement with Hana.
To read the full case study please click here
Head of Corporate Communicationsjeannie.email@example.com +44 (0)20 7680 2152 +44 (0)7841 324061Jeannie Dumas
Head of Corporate Communications
Corporate Communications Managermelanie.firstname.lastname@example.org +44 (0)20 7680 2218 + 44 (0)7767 162 317Melanie Bradley
Corporate Communications Manager
Assistant Manager, Corporate Communicationskatie.email@example.com +44 (0)20 7680 2315 +44 (0) 7553 385 276Katie Sunderland
Assistant Manager, Corporate Communications