EY Hanyoung Signs MOU with Pathfinder to Enhance Independent Director Expertise

Specialized Training Program for Independent Director Candidates
in the Age of ESG and AI Transformation

On September 3, EY Hanyoung, the global accounting and consulting firm, announced, "We have entered into a memorandum of understanding (MOU) with Pathfinder, a company specializing in the recommendation of independent directors and executive talent, to strengthen the professionalism of boards of directors at domestic companies and to promote an advanced governance culture." This is interpreted as a response to the increasing importance of board members in light of the growing interest in corporate governance in the market.

The signing ceremony was held on September 2 at EY Hanyoung's Park One Office in Yeouido, Seoul. In attendance were Lee Kwangyeol, Head of Audit at EY Hanyoung, and Kim Jaeho, CEO of Pathfinder.

On the 2nd, Lee Kwangyeol, Head of Audit at EY Hanyoung, and Kim Jaeho, CEO of Pathfinder, attended a business agreement (MOU) signing at EY Hanyoung Park One Office in Yeouido, Seoul. EY Hanyoung

An EY Hanyoung representative stated, "Through this agreement, we plan to jointly operate specialized training programs for pools of independent director candidates and support companies in achieving sustainable growth and strengthening board competitiveness."

Going forward, Pathfinder will leverage its network of independent director and executive candidates to identify and recommend participants for educational seminars. EY Hanyoung will offer practical insights on regulatory trends and governance via seminars based on its expertise in accounting, finance, internal controls, risk management, ESG (environmental, social, and governance), and AI (artificial intelligence) transformation.

The two companies plan to continuously enhance their relevant educational content and programs to ensure that boards of directors can make a substantial contribution to increasing corporate value and managing risk. They also intend to address a wide range of key management issues, including board roles and responsibilities, the latest regulatory trends, internal controls, sustainable management, and AI transformation.

Lee Kwangyeol, Head of Audit at EY Hanyoung, explained, "The sustainable growth of a company depends not only on its management but also on the capabilities of the board that supervises them. Through this cooperation, we will help domestic companies build board systems to effectively respond to changing business environments and to establish an even stronger governance foundation."

Kim Jaeho, CEO of Pathfinder, stated, "As the required roles and responsibilities of independent directors continue to expand, developing professional capabilities is becoming increasingly important. Through this cooperation, we will support independent director candidates as they gain a deeper understanding of the evolving business environment and help to spread a more advanced board culture."

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