Independent director and executive talent recommendation company Pathfinder and global accounting and consulting firm EY Hanyoung said on the 2nd that they signed a memorandum of understanding (MOU) to strengthen board expertise at domestic corporations and spread an advanced governance culture.
Recently, market interest in corporate governance has been rising, especially among listed companies. In response, corporations need board members with expertise in diverse fields, including finance, risk management, internal controls, ESG (environmental, social and governance), and artificial intelligence (AI).
Through this agreement, the two companies agreed to support the development of professional capabilities so that independent director candidates and board stakeholders can perform key decision-making and oversight roles more effectively. They plan to help corporations respond more systematically to regulatory and business environment changes in terms of board composition and operations.
Based on its network of independent director and executive candidates, Pathfinder will support identifying and recommending participants for training seminars. EY Hanyoung plans to provide board members with practical governance insights and the latest regulatory trends, drawing on its expertise in accounting and finance, internal controls, risk management, ESG, and AI transformation.
Lee Gwang-yeol, head of assurance at EY Hanyoung, said, "Sustainable growth for corporations depends not only on management but also on the capabilities of the board that oversees them," and added, "Through this collaboration, we will help domestic corporations build board systems that can respond effectively to the changing business environment and establish a more solid governance foundation."
Kim Jae-ho, CEO of Pathfinder, said, "As the roles and responsibilities required of independent directors expand, the importance of developing professional capabilities is growing," and added, "Through this collaboration, we will identify outstanding independent director candidates so that the pool of independent director candidates can better understand the changing business environment and support the spread of an advanced board culture."