NongHyup Central Association Audit Committee Appoints New Members: Cooperative Heads Cheon Haesu and Baek Seungjo
[Asia Economy Reporter Kim Hyunjung] Kim Yongsik, Chairman of the Audit Committee of the National Agricultural Cooperative Federation (NACF), appointed Cheon Haesu, Chairman of Asan Livestock Agricultural Cooperative, and Baek Seungjo, Chairman of Namchangwon Agricultural Cooperative, as new audit committee members.
The two members, whose terms begin on the 27th, were appointed through the NACF board resolution after their experience of more than 10 years in full-time positions in auditing, accounting, and agricultural departments of cooperatives was recognized in accordance with relevant laws and regulations.
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The Audit Committee is an organization established under the Agricultural Cooperative Act to promote the sound development of members and is responsible for guiding and auditing members' operations. It consists of five members including the chairman; the chairman is a full-time member, while the others are part-time members, and the term of office is three years.
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