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Financial Supervisory Commission avoided designating public institutions… Enhancement of conditions such as’additional reduction of upper ranks’

▲ Financial Supervisory Service

[에너지경제신문 오세영 기자] The Financial Supervisory Service, which was controversial over lack of supervision due to the Lime Asset Management and Optimus private equity crisis, avoided designating a public institution. Instead, conditions such as additional reductions in higher ranks, maintenance of overseas offices, and reinforcement of management performance evaluation were attached.

On the 28th, the Ministry of Strategy and Finance held the ‘2021 Public Institution Designation Proposal’ under the presidency of Second Vice Minister Ahn Il-hwan to deliberate and decide. A total of 350 institutions, including 36 public enterprises, 96 quasi-governmental institutions (+1), and 218 other public institutions (+9), have been designated as management targets under the Public Institutions Management Act.

On this day, the Gongun Committee decided to conditionally suspend the designation of a public institution by the FSS.

The Gongwoon Committee said, “We have decided to defer the designation of a public institution by the Financial Supervisory Service in consideration of the recent cases of poor supervision and independence in the execution of financial supervision, but to impose stronger conditions.”

In 2018, the Gongwoon Committee deferred the designation of a public institution by the Financial Supervisory Service under conditions such as eradication of hiring corruption, management disclosure at the level of public institutions, strict management evaluation, and resolution of inefficient organizational operation problems.

In 2019, the following year, problems such as hiring corruption, management disclosure, and management evaluation were resolved, but the need to designate a public institution was raised again due to the problem of reduction of higher ranks.

Accordingly, the Financial Supervisory Service submitted a plan to avoid designation by submitting a plan to reduce the ratio of the top ranks above the 3rd level to 35% level that can receive positions of team leader or higher within the next five years.

As a result of checking the current status of the FSS’s implementation of the existing reservation conditions, the Gongun Committee evaluated that it is generally in normal implementation, and then added reinforced conditions.

First of all, the KFTC demanded that the conditions for reduction of higher ranks be carried out more intensely than the plan submitted by the FSS.

As of the end of 2018, the ratio of the top ranks above the 3rd level, which was 43% of all FSS employees, has decreased to 40% at the end of last year. It is predicted that 35% will be achieved as planned in 2022-2023. The Gongwoon Committee ordered that higher ranks be further reduced.

It then imposed a designation reservation condition saying that it should come up with efficient measures for the operation of the organization with high intensity, such as oversea office maintenance.

Regarding the management performance evaluation, the proportion of the measuring indicators currently in the 30% range was raised to 40%, and in case of fraudulent behavior in the evaluation process, incentives were returned to increase fairness and objectivity.

In addition, the customer satisfaction survey was implemented at the level of public institutions, conducted annually, and the results were reflected in management evaluation.

On this day, the Gongwoon Committee newly designated KEPCO MCS, which was in charge of bill collection and overload enforcement, and KEPCO MCS, which was in charge of checking electricity meters and sending bills, as other public institutions.

Regarding the new designation, the Gongun Committee said, “Unlike similar subsidiaries, it is a large-scale institution that provides services to the public, and it has been designated as a public institution because it is necessary to enhance publicity and accountability.”

Also, △Construction Technology Education Institute △Architectural Space Research Institute △Spatial Information Quality Management Institute △National Aviation Museum △National Maritime Science Museum △National Honam Biological Resource Center △Next Generation Numerical Prediction Model Development Project △Korea Employment and Labor Education Institute △Korea Institute of Materials Research △Korea Institute of Nuclear Convergence Energy 10 Each institution has also been newly designated as other public institutions.

On the other hand, two institutions, including the Korea Smart Grid Project Group and Korea Construction Management Corporation, whose functions were transferred or the institutions were merged, canceled the designation of public institutions. Originally designated as other public institutions, the Folk Finance Promotion Agency changed its type to a quasi-governmental institution.

Confirmed.

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