SEOUL, Sept. 24 (Korea Bizwire) — As South Korea’s major conglomerates approach annual reshuffling season, a new survey has revealed that only a small fraction of the country’s largest corporations have established independent CEO succession committees. These bodies, typically composed of outside directors, are designed to insulate the CEO selection process from external influence and strengthen board independence. Audit committees were the most common, present at 81.2 percent of companies, followed by ESG committees (57 percent), outside director nomination committees (55.1 percent) and compensation committees (48.4 percent). Leaders Index argued that the rarity of CEO succession committees raises questions about transparency and governance standards at some of Korea’s largest enterprises. “These committees are critical mechanisms for ensuring fairness in executive succession and enhancing the integrity of corporate governance,” the institute said, urging more companies to adopt them.