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Governance

Corporate Governance
Board of Directors
GS Power has established a Board of Directors as its highest decision-making body to ensure a transparent and sound corporate governance structure.

In accordance with applicable laws and the Articles of Incorporation, the Board deliberates and resolves matters delegated by the General Meeting of Shareholders, as well as key issues related to the Company's management policies and business operations. The Board also supervises the execution of duties by directors and management.

As of December 31, 2025, the Board consists of two executive directors (including the Chief Executive Officer) and three non-executive directors.

회의실에 의자와 컵, 펜 종이가 진열된 사진 천칭을 들고 있는 동상 사진
Board Composition
Name Gender Position Responsibilities Term
Jae-Young Yoo Male Executive Director CEO (Chairman of the Board) 2024-01-01 ~ 2026-06-29
Won-Woo Lee Male Executive Director CSO & Head of District Heating Division 2025-01-01 ~ 2026-06-29
Jung-Woo Yoo Male Non-Executive Director Overall Corporate Management 2023-01-01 ~ 2026-06-29
Hyun-Gyu Kim Male Non-Executive Director Overall Corporate Management 2021-12-17 ~ 2026-06-29
Sung-Joong Kim Male Non-Executive Director Overall Corporate Management 2021-12-17 ~ 2026-06-29

As of December 31, 2025

Board Operations
The Board is convened by the Chairman in accordance with applicable laws and the Articles of Incorporation. To facilitate effective deliberation and decision-making, detailed materials are provided to directors in advance of each meeting.

In 2025, the Board convened eight meetings and reviewed and approved a total of eighteen agenda items. The attendance rate of directors was 97.5%. Detailed information is disclosed in the Company's annual business report.

Board Activities
Category 2023 2024 2025
Number of Meetings 8 7 8
Agenda Items Approved 18 19 18
Attendance Rate 100.0% 100.0% 97.5%
Audit System

The Statutory Auditor, appointed by the General Meeting of Shareholders, conducts audits of the Company's financial statements and evaluates the effectiveness of the internal accounting control system in accordance with applicable laws and the Articles of Incorporation.

To support the Auditor's independent and efficient performance of duties, GS Power operates a dedicated audit support organization.

Auditor Profile
Auditor Profile
Name Outside Director Status Major Experience
Min-Sun Kim - Senior Manager, Risk Management Division, IMM Investment Co., Ltd. (Current)
Former Attorney, Corporate Practice Group, Bae, Kim & Lee LLC

As of the end of December 2024

Audit Support Organization
Audit Support Organization
Department Number of Employees Position Structure Key Responsibilities
Accounting Team 5 1 Team Leader, 4 Team Members
(Average tenure: 7.7 years)
Support for internal accounting control system and audit-related activities

As of the end of December 2024

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