EY Han Young Launches Dedicated 'Future Governance Center' for Boards and Audit Committees

EY Han Young Future Governance Center Launches
Providing Insights for Boards and Audit Committees

EY Han Young, a global accounting and consulting firm, announced Monday that it had launched the EY Han Young Future Governance Center, a dedicated organization to help strengthen the oversight capabilities of boards and audit committees at Korean companies.

The EY Han Young Future Governance Center provides the latest governance insights through research, education, seminars and networking, advisory services, and digital content. Amid rapid changes in the corporate governance landscape, new oversight challenges involving artificial intelligence (AI), cybersecurity, and environmental, social, and governance (ESG) issues are emerging as key agenda items for boards and audit committees.

The center supports boards and audit committees at Korean companies in proactively responding to changing regulatory environments and business risks so they can carry out their oversight functions effectively. Going beyond individual training or advisory services, it has established an integrated governance support system that connects research, practical training, expert networking, and digital content.

The center plans to strengthen the foundation for corporate governance by providing connected services that include research and insights on the latest governance issues, training for boards and audit committees, expert seminars and networking programs, and content through a digital platform.

The center's key digital platform, BoardWise by EY Han Young, is an education platform for boards and audit committees. It brings together educational content, updates on policies and regulations, and professional publications. Members can take a range of courses, from introductory training for new members to continuing education, and can also access related materials and manage their training histories and completion records.

The center plans to offer regular seminars and research publications focused on major governance issues facing boards and audit committees, including financial reporting reliability and internal controls; oversight of emerging technologies such as AI and cybersecurity; ESG and sustainability; and enterprise risk management. Drawing on EY Han Young's global network and industry expertise, it will share the latest governance trends and practical insights from Korea and abroad. It also plans to expand services such as annual audit committee advisory services, audit committee assessments, and corporate governance report advisory services.

Lee Gwangyeol, Assurance Leader at EY Han Young, said, "Good governance delivers tangible effectiveness when expertise, independence, and engagement are balanced. Through the EY Han Young Future Governance Center, we will support boards and audit committees in driving sustainable growth and value creation for their companies and developing governance capabilities that meet global standards."

Park Jeongik, head of the EY Han Young Future Governance Center and market leader for the Assurance division, said, "Boards and audit committees today are dealing with more diverse and complex agendas than ever before, making continuous learning and access to the latest information increasingly important. Through research-based insights, practical training, and expert networks and engagement, the EY Han Young Future Governance Center will support boards and audit committees in making effective decisions and carrying out their oversight functions."

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