iM Bank Recommends Professor Yang Gijin of Jeonbuk National University as First Female Outside Director

iM Bank has nominated Professor Yang Ki-jin from Jeonbuk National University Law School as its first-ever female outside director candidate.

The iM Bank Executive Candidate Recommendation Committee (Nomination Committee) announced on the 12th that it had finalized the nomination of Professor Yang as the new outside director candidate after concluding the final candidate recommendation on the 11th. The nominated new outside director candidate is expected to be appointed through the upcoming shareholders' meeting scheduled for this month.

Candidate Yang is the second female outside director in the group’s affiliates following Kim Hyo-shin, a current outside director at DGB Financial Group since 2022, and the first female outside director candidate at iM Bank.

Candidate Yang graduated from Seoul National University Law School and its graduate school with a doctorate. After serving as a research judge at the Supreme Court, she is currently a professor at Jeonbuk National University Law School. She has served as a director of the Financial Consumer Studies Association, a member of the Financial Supervisory Service’s Financial Supervisory Advisory Committee, and a member of the KoFIU Anti-Money Laundering Sanctions Review Committee, demonstrating expertise across the financial industry. The Nomination Committee expects her to contribute especially to strengthening capabilities in consumer protection and internal control.

In line with the management policy to establish the most exemplary governance system in the financial sector alongside the transition to a commercial bank, the Nomination Committee reflected the model practices for bank governance prepared by the Financial Supervisory Service in this outside director appointment.

They not only utilized the Board Skills Matrix (BSM) to secure collective coherence of the board but also faithfully applied the core principles presented in the model practices, such as enhancing the independence of outside director appointments and ensuring continuity and stability through diversified terms.

A Nomination Committee official stated, “Candidate Yang is a financial legal expert with extensive experience in areas increasingly emphasized recently, such as internal control systems of financial companies and strengthening consumer protection.” He added, “With the transition to a commercial bank and the strengthening of nationwide operations, iM Bank has strived to diversify the recommendation channels, diversity, and expertise of outside director candidates by nominating a female candidate from Jeonbuk.”

Meanwhile, if Candidate Yang is appointed as an outside director through this month’s shareholders’ meeting, the total number of outside directors at iM Bank will be six, composed of experts in various fields including current outside directors Ko Hyung-seok (Risk), Kim Han-il (Accounting), Oh Byung-jun (IT), Lee Taek-hwi (Finance), and Jang Jin-won (Law).

An iM Bank official said, “This outside director appointment was conducted based on the BSM in accordance with the model governance practices, focusing on governance transparency and shareholder rights protection, and proceeded through a transparent and fair internal procedure.” He added, “We expect a stable transition to a commercial bank and enhanced corporate management transparency through exemplary governance where board members with expertise in various fields harmonize diverse backgrounds to faithfully perform decision-making and supervision of major management issues.”

This content was produced with the assistance of AI translation services.