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

2024.03

Classification

Name

Gender

Position

A Major Career

Tenure

Internal Director

Sueng-Bae Min

Male

General business management

-Chairman of the Board Member of Non-executive

-Director Candidate Recommendation Committee

2023.03.28 ~
2026.03

Jeong-Kook Hong

Male

General business management

-

2024.03.21 ~
2027.03

Ji-Taek Song

Male

General business management

Member of Internal Transaction Committee

2024.03.21 ~
2027.03

Non-executive directors

Bok-Hyun Baek

Male

Finance/Accounting

-Chairman of the audit committee
-Member of Non-executive
Director Candidate
Recommendation Committee

2019.03.27 ~
2025.03

Myeong-Gwan Han

Male

Legal

-Member of the audit committee
-Member of the Internal Transaction Committee

2019.03.27~
2025.03

Young-Chul Lim

Male

Legal/Fair trade

Chairman of Non-executive Director
Candidate Recommendation

2019.03.27 ~
2025.03

Ja-Won Choi

Female

Economy

Member of the Internal
Transaction Committee

2022.03.29~
2025.03

Hyun-Sang Shin

Male

Management/Economy

Member of the audit committee

2023.03.28~
2026.03

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 7th shareholders' general meeting was held on March 21, 2024, and the total stock attendance including proxy holders with the power of attorney and those through electronic attendance was 14,053,430 stocks, which represented 81.4% 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 7th general meeting of shareholders were passed.