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Big companies fill 40 pct of outside directors with ex-officials

2015-03-09 08:08:04| Semiconductors - Topix.net

South Korea's 10 largest companies have hired former government officials to fill 40 percent of new outside director positions, industry data showed Monday, rekindling criticism that the companies may use them as protectors against the government. According to data, the number of outside directors to be hired by this year's shareholders' meetings totaled 119 at the top 10 conglomerates led by Samsung Group and Hyundai Motor Group.

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