GE Korea김옥진전무

November 14, 2014

Reinventing CFO- CFO 역할에 대한 재조명

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OJKimisCFO/COOofGeneralElectric(GE)inKorea.AsthecountryCFO/COO,hisprimarilyroleistoleadGEKorea’sorganicandinorganicgrowth.

PriortojointheGEin2012,hehas18yearsofexperienceasafinancedirector,auditor,andaccountingadvisorfortopinternationalfinancialinstitutions. Mr.KimisanexpertinPost‐MergerIntegration,Financeintegration,SECrulesandregulations,USGAAP,SOX404compliance,andInternationalFinancialReportingStandards(IFRS).

OJKimworkedforKPMG13yearsasanauditor,advisorandconsultant,andhecompletedhisKPMGcareerasadirectorofKPMGGlobalConversionServicesfortheUSAin2007.HealsoworkedforSwissReCapitalMarketAdvisoryastheHeadofUSfinancefor3yearsfrom2007.HewasinchargeofFinancial&ManagementReportingandAccountingPolicy.

AfterlivingintheUSfor19years,hereturnedtoKoreain2009totakingaFinancedirector(SVP)positionatStandardChartedBankKorea.Hewasinchargeoffinancialreporting,regulatoryreporting,andK‐IFRSimplementationastheHeadofCountryFinanceDepartmentatStandardCharteredBankinKorea.

Mr.Kimisagraduate(MBA)ofUniversityofIllinoisBusinessSchool,andearnedBAdegreeinYonseiUniversityinKorea.He isamemberoftheAmericanInstituteofCertifiedPublicAccountants,theIllinoisandNewYorkCPASocieties,andtheBankingAdministrationInstitutionasaCertifiedBankAuditor(CBA)inUS.HeisalsocertifiedasFINOPinUS. HeservesAMCAHMasaBoardofGovernor.

Contents

Evolution of CFO Role

Expectation to CFO

Reinventing CFO

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Role Focus

1990’s Partnering with the Business“Efficient & Effective Finance”

Business Process ReengineeringLeveraging Technology (e.g. ERP)Management Information / Decision Support

2000’s Realizing Value over the Long Term“Value Creation & Value Preservation”

Balancing Performance and RiskIntegrated Finance and Business TransformationSustainable Confidence and Value

1980’sTransaction ProcessingUtilizing TechnologyReducing Cost of Finance

Keeping Score“Efficient Finance”

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HowfinancemanagersorCFOtransformtheirrolesandaddvaluestothecompany?

CFOsareincreasinglyaligningtheirfunctionnotjustwiththebusinessbutwiththecompany’soverallstrategy.Anddoingso,theyarenotjustsupportingthebusinesswithinformationandanalyses,butalsoensuringthattheentireenterprisedeliversonitscommitments.

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Freedomfighter Analystandadvisor Architectofadaptivemanagement Warrioragainstwaste Masterofmeasurement Regulatorofrisk Championofchange

Pressure & Challenges to CFO7

Toomuchdetailsandcomplexity Notenoughtimefordecisionsupport Inadequateforecastingcapability Toomanymeasures Lackofriskmanagementexpertise Newsuccessdriver:intellectualassetsandhumancapital

Newregulatoryenvironment:corporategovernanceincludingSarbanes‐Oxleyrules

Moredemandingshareholders

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Within the “Walls of Finance”Process Standardization

Financial Information IntegrityClosing through External Reporting

Budgeting and Financial ForecastingFinance Applications

Global Finance OperationsTax and Treasury Optimization

Finance Skills and CompetenciesOngoing Financial Control & Compliance

Outside the “Walls of Finance”

Business Process Optimization

Performance Management

Business Intelligence

Realizing the Value of Technology

Mergers & Acquisitions

Capital Allocation & Utilization

Cost & Profitability Improvem

ent

Enterprise-wide Risk Management

Returntobasis– gettingfinancialhouseinorder Apennysavedisamissedopportunities SegregationandDelegation Focusonwhatreallymatters! StepontheGAS Tax! Ifyoulovethem,setthemfree. Powerupthedottedlines

AnyQuestions?Oj.kim@ge.com02‐6201‐3034

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