Announcements
Subject | New Standing and Non-standing Members Appointed to KSSB |
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Date | 23 Feb 2024 |
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New Standing and Non-standing Members Appointed to KSSB
The Korea Accounting Institute (KAI, President: Han Yi) held its board of directors meeting on 14 February 2024 and the general meeting of member organisations on 23 February 2024 and announced the appointment of a new standing member and two new non-standing members of the Korea Sustainability Standards Board (KSSB). The KAI revised its articles of association as of 4 December 2023 to appoint a dedicated standing member of the KSSB with eligibility and expertise to exclusively oversee the KSSB duties and add two non-standing members to the Board in order to enhance its diversity. In particular, the newly appointed non-standing members are accomplished female professionals from corporate and legal backgrounds. This appointment is intended to bolster both the gender balance and expertise within the Board. Standing Member: Woung Hee Lee Executive Director, KAI/KSSB Non-standing Members: Jane Nam Executive Vice President, SK SUPEX Council Hye-Sung Kim Attorney, Kim&Chang The newly appointed board members’ 3-year term begins on 26 February 2024. Career and academic backgrounds of the new board members are as follows: Name Woung Hee Lee Company KAI/KSSB Academic Achievement B.A. Hankuk University of Foreign Studies M.S.A. Naveen Jindal School of Management, University of Texas at Dallas KICPA & USCPA (California) Professional Experience Executive Director, KAI/KSSB Advisory Member of Government Accounting and Finance, KPIF Advisory member of ESG Research Committee, KICPA IASB Project Leader PWC, EY, EY Consulting Name Jane Nam Company SK SUPEX Council Academic Achievement B.A. Yonsei University Professional Experience Executive Vice President, Social Value Planning & Coordination Team, SK SUPEX Council Vice President, Investment Team 1, SK SUPEX Council Vice President, Social Value Planning & Coordination Team, SK SUPEX Council Team Leader, SCM Team, SK LUBRICANTS Name Hye-Sung Kim Company Kim&Chang Academic Achievement B.A. Seoul National University (LL.B., summa cum laude) Judicial Research and Training Institute of the Supreme Court of Korea Harvard Law School (LL.M., requirements completed, degree waived) Harvard Law School (S.J.D.) Professional Experience Attorney, Kim & Chang International Attorney, Cleary Gottlieb Steen & Hamilton, New York Member, Corporate Review Committee, Korea Exchange Member, ESG Advisory Committee, Korea ESG Research Institute Member, Switching Stock Market Advisory Committee, Korea Exchange Member, Corporate Restructuring Plan Review Committee, Ministry of Trade, Industry and Energy Outside Director, Doosan END About the KAI The Korea Accounting Institute (KAI) is an independent private organization established on 1 September 1999. It is an umbrella organization of both the KASB and the KSSB. About the KASB Since its establishment on 1 September 1999, the KASB has been mandated to set and revise accounting standards in Korea. The Board is committed to enhancing the quality of financial reporting by providing high quality accounting standards that are on a par with internationally accepted accounting standards. The KASB consists of 9 board members (2 of whom are full-time) who are professionals from the private sector. About the KSSB Since its establishment on 25 November 2022, the KSSB has been mandated to support setting and revising of sustainability disclosure standards in Korea. The KSSB consists of 7 board members (2 of whom are full-time) who are professionals from the private sector. Press enquiries: Jae-Ho Kim Executive Director Korea Accounting Standards Board Tel: +82-2-6050-0175 Fax: +82-2-6050-0170 E-mail: jhkim@kasb.or.kr Sung-Ho Joo Technical Director Korea Accounting Standards Board Tel: +82-2-6050-0176 Fax: +82-2-6050-0170 E-mail: sung-ho.joo@kasb.or.kr |