GS SHOP

CORPORATE GOVERNANCE

Board of Directors

We hold approximately 10 regular and special board meetings a year, and we are pursuing healthier company development through deliberations and discussions on the development of important business-related issues.

Authority

An ordinary board meeting is held once every quarter, while special board meetings are held when necessary. The following matters are brought before the Board of Directors.

1. Matters requiring board resolution in accordance with the Commercial Act

2. Matters regarding proposals raised at a shareholder meeting

3. Matters concerning crucial financial affairs

4. Matters concerning mid- to long-term strategies and business policies

5. Matters related to personnel

6. Other matters determined necessary by the CEO

Composition of the Board of Directors

Executive Directors

HoSung Kim

Date of appointment
Mar.13.2020
Term
2 years

CEO and President

Former) - Excutive Vice President and General Sales and Administration at GS Home Shopping - Excutive Vice President and Head of Business Sales Division at GS Home Shopping - Senior Managing Director and Head of Business Sales Division at GS Home Shopping - Managing Director and Head of Management Support Division at GS Home Shopping

Wonsik Kim

Date of appointment
Mar.13.2020
Term
2 years

CFO and Senior Managing Director of Management Support Division

Former) - CFO and Managing Director of Management Support Division - Head of Investment and Strategy Headquarters at GS Home Shopping - Managing Director of Overseas Strategy Business Division at GS Home Shopping

Unseok Ju

Date of appointment
Mar.13.2020
Term
2 years

Managing Director and Head of External/Media Division

Former) - Managing Director and Head of External/Media Division at GS Home Shopping - Assistant Managing Director and Head of HR Division at GS Home Shopping - Head of International Business Division at GS Home Shopping

Non-executive Directors

SeokHwan Kim

Date of appointment
Mar.15.2019
Term
2 years

CFO and President of GS Holdings Corp

Former) - CFO and Vice President of Managerial Support Headquarters at GS E&R - CFO and Managing Director at GS Global

JinSeog Oh

Date of appointment
Mar.13.2019
Term
2 years

Senior Managing Director and Head of Strategy Division at GS Retail

Former) - Senior Managing Director and Head of Management Support Division at GS Retail - Managing Director and Head of Management Support Division at GS Retail

Jongseung Won

Date of appointment
Mar.13.2019
Term
2 years

CEO and President of Jungseok Enterprise

Former) - Head of Restructuring Adjustment Office at Hanjin Group - Chartered accountant at Sejung LLC (current Samjong KPMG LLC)

Independent Directors

Sooyoung Kwon

Date of appointment
Mar.15.2019
Term
2 years

Professor at Korea University

Former) - President of Korea University of Business Administration - President of the Korea Accounting Association - Non-standing Commissioner of Korea Accounting Institute

HeeKwan KIM

Date of appointment
Mar.15.2019
Term
2 years

Attorney at Hee Kwan Kim Law Firm

Former) - President of Institute of Justice - Chief Prosecutor at Gwangju High Prosecutor's Office

Inmoo Lee

Date of appointment
Mar.13.2020
Term
2 years

Professor at KAIST College of Business Member of the Corporate Governance Committee at Korea Corporate Governance Service (KCGS)
Independent Director at NAVER Corp.

Former) - Member of the Risk Management Committee at National Pension Service (NPS) - Member of the Foreign Reserve Operation Advisory Committee at the Bank of Korea (BOK) - Advisor at Samsung Asset Management - Vice President of Research Division at Dimensional Fund Advisors (DFA)

Independent Director Nomination Committee

We comply with qualification standards of the Commercial Act and relevant laws when electing a candidate as Independent director at the annual general shareholders meeting.
Candidates shall be nominated by the Independent Director Nomination Committee in accordance with the qualifcation standards such as diligence and experise.

Organization of the Independent Director Nomination Committee
Name Month of Appointment Appointment Type Length of
Appointment (years)
Remarks Independent
Director Y/N
HoSung Kim 2020. 03 Newly Appointed 2 Chairperson -
Sooyoung Kwon 2019. 03 Reappointed 2 Accounting Professional O
Inmoo Lee 2020. 03 Newly Appointed 2 Investment expert O
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