Korea Deloitte Group Appointed to the Corporate Governance Development Center's '2024 Advisory Committee'

Appointment of Professors Yoo Seungwon (Korea Univ.), Jang Jeongae (Ajou Univ.), and Noh Junhwa (Chungnam Univ.)
"Composed of Senior Experts in Accounting and Legal Fields"

Deloitte Korea Group announced on the 26th that “Professor Yoo Seung-won of Korea University Business School and Professor Jang Jeong-ae of Ajou University Law School have been reappointed to the ‘2024 Corporate Governance Development Center Advisory Committee,’ and Professor Noh Jun-hwa of Chungnam University Business Administration Department has newly joined.”

On the same day, Deloitte Korea Group stated, “The appointment ceremony for the ‘2024 Corporate Governance Development Center Advisory Committee’ was held at the Yeouido headquarters the day before.”

Professor Yoo Seung-won currently serves as the Chair of the Audit Committee at Hyundai Mipo Dockyard and Lotte Rental. He is a mid-career management and accounting expert contributing to enhancing accounting transparency in domestic companies. He served as the President of the Korean Accounting Association from 2021 to last year and has been active as a member of the Financial Services Commission Accounting System Deliberation Committee, a policy advisory member of the Board of Audit and Inspection, and Chair of the Risk Management Committee at KB Kookmin Bank.

The Korea Deloitte Group appointed the '2024 Corporate Governance Development Center Advisory Committee' on the 25th. (From left) Jang Sujae, Head of the Audit Division at Korea Deloitte Group; Yoo Seungwon, Professor at Korea University Business School; Jang Jeongae, Professor at Ajou University School of Law; Noh Junhwa, Professor at Chungnam National University Business Administration Department; Hong Jongseong, CEO of Korea Deloitte Group; and Kim Hanseok, Director of the Corporate Governance Development Center at Korea Deloitte Group, posed for a commemorative photo after the appointment ceremony.
[Photo by Korea Deloitte Group]

Professor Jang Jeong-ae is a mid-career legal professional active in the fields of Commercial Law and Commercial Practice. She has recently gained attention for several papers related to the advancement of corporate governance, including “Fair Corporate Governance,” “Shareholder Proposal Rights,” “Exercise of Voting Rights by Institutional Investors,” and “Strengthening Regulations on Directors’ Self-Dealing.” She has been serving for several years as a member of the Financial Supervisory Service’s External Evaluation Committee for Financial Investment Business Licensing, the Ministry of Justice Notary Disciplinary Committee, and the Ministry of Government Legislation’s Legal Interpretation Deliberation Committee. She also previously served as a member of the Public Institution Management Evaluation Group at the Ministry of Economy and Finance.

Professor Noh Jun-hwa is a mid-career management and accounting expert who has served as Chair of the Internal Accounting Control System Model Standards Practical Committee since 2022. He continues active research and activities in the field of financial accounting. His main research topics include “Audit Quality and Time,” “Corporate Governance and the Quality of Accounting Information,” and “Financial Statement Volatility and Corporate Value.” He is a Certified Public Accountant in Korea and Washington State, USA. He has also served as Chair of the Accounting Audit Subcommittee of the Korean Accounting Association, the Korean International Accounting Association, and the Korean Accounting Information Association.

The advisory committee provides comprehensive advice on accounting, legal, and other areas related to the activities of the Corporate Governance Development Center during their one-year term. They will advise on specialized fields including contributions and reviews of publications such as the quarterly “Corporate Governance Insights,” as well as activities of boards of directors and audit committees. Through seminars and quarterly regular meetings of the Corporate Governance Development Center, they will also discuss effective operation directions for boards of directors and audit committees.

Kim Han-seok, Head of the Corporate Governance Development Center at Deloitte Korea Group, said, “The importance of strengthening the roles of corporate boards and audit committees has recently increased. Financial authorities are also demanding key roles from boards and audit committees to enhance accounting transparency,” adding, “The Corporate Governance Development Center Advisory Committee will play an important role in advancing corporate governance in the ESG (Environmental, Social, and Governance) management environment.”

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