Governance

Governance

BGF Retail pursues board-centered management that facilitates mutual control and balanced function and is committed to maximizing shareholder profits and corporate value and establishing advanced governance structures.

Board Structure

2023.03.28(TUE)

Classfication

Name

Gender

Position

A Major Career

Tenure

Internal Director

Keon-Jun Lee

Male

General business management

Chairman of the Board

2020.03.25 ~
2026.03

Sueng-Bae Min

Male

General business management

Member of Internal Transaction Committee
Member of Non-executive Director Candidate Recommendation Committee

2023.03.28 ~
2026.03

Other non-executive directors

Jeong-Kook Hong

Male

General business management

-

2020.03.25 ~
2026.03

Non-executive directors

Young-Chul Lim

Male

Legal/Fair trade

Chairman of Non-executive Director
Candidate Recommendation

2019.03.27 ~
2025.03

Myeong-Gwan Han

Male

Legal

Member of the Internal
Transaction Committee
Member of the audit committee

2019.03.27~
2025.03

Hyun-Sang Shin

Male

Management/Economy

Member of the audit committee

2023.03.28 ~
2026.03

Bok-Hyun Baek

Male

Finance/Accounting

Chairman of the audit committee
Member of Non-executive Director
Chairman of the audit committee
Member of Non-executive Director

2019.03.27~
2025.03

Ja-Won Choi

Female

Economy

Member of the Internal Transaction Committee

2022.03.29~
2025.03

Role and Configuration of Board of Directors

BGF Retail consists of three committees: Audit Committee, Non-executive Director Candidate Recommendation Committee, and Internal Transaction Committee. Each committee is composed of directors with expertise in the relevant field and entrusted with some functions prescribed by laws and Articles of Incorporation among the functions of the board of directors, such as monitoring and consulting on essential matters.

Board of Directors

Audit Committee

Non-executive Director Candidate Recommendation Committee

Internal Transaction Commission

Voting status from the shareholder’s meeting

The 6th shareholders' general meeting was held on March 28, 2023, and the total stock attendance including proxy holders with the power of attorney and those through electronic attendance was 14,818,376 stocks, which represented 85.7% of the total 17,283,906 stocks with voting rights that the company had issued. There was no extra agenda proposed by shareholders; all the original agendas for the 6th general meeting of shareholders were passed.