POSCO held its ordinary general meeting of shareholders February 24 for the 38th fiscal year at its Seoul POSCO Center and introduced a system to strengthen the management responsibility of each division of the company in a bid to make clear the responsibility and rights of its executives. The general meeting of the shareholders amended the articles of incorporation on that day to have the posts of chief executive officer (CEO) and the chairman of a board of directors separated to help the board better supervise the corporate affairs and to form a CEO recommendation committee, the company said.
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