SK Group strong in corporate governance

SK Group’s key affiliates, SK Telecom, SK Communications and SK Energy, received high grades in a survey of corporate governance structure, the nation’s third largest business group said on Sunday.

The companies have received either the top “excellent” grade or the second highest “very strong” for the fifth consecutive year since 2005 in the assessment by the Korea Corporate Governance Service, an independent organization sponsored by the nation’s six most prominent securities-related organizations. 

The SK Group firms’ transparent governance structure was attributed to their outside directors being more influential than those of other chaebol -- family operated conglomerates -- groups.

SK Group chairman Chey Taewon(left) and his younger brother, vice chairman Chey Jae-won, attend the wedding of Chey Sung-hwan, the eldest son of their cousin and SKC chairman Chey Shin-won at a hotel in Seoul on Saturday. Yonhap News