Newly enacted law puts CEOs under screening, but with questions on efficacy
Feb 13, 2017
Although CEOs of big name conglomerates are expected to pass a regulator's test on their suitability as the main shareholders of nonbanking financial companies this year, there is less certainty they will pass it two years later when the unfolding corruption scandal will have taken its toll in courtrooms, officials said Monday.For the first time, the Financial Supervisory Service will be screening the biggest stakeholders of some 240 nonbanking financial firms on whether they are suited for thei