*This content was translated by AI.
Youngpoong·MBK Partners announced on the 24th that it has closed the public recommendation process for candidates to serve as independent auditors of Korea Zinc.
Through this public recommendation process, which began on June 5, more than 10 candidates with expertise and experience in diverse fields such as corporate management, accounting and finance, law and compliance, ESG, industry and technology, and risk management were recommended. The candidate recommendations involved various stakeholders, including Korea Zinc shareholders, institutional investors related to corporate governance, NGOs, and professional organizations.
Youngpoong·MBK Partners expressed gratitude to shareholders and relevant institutional investors, as well as experts, for their support in restoring the independence and check-and-balance functions of the Korea Zinc Audit Committee.
This public recommendation process was established to identify independent auditor candidates free from the interests of specific shareholders or the current management.
Previously, Korea Zinc conducted its candidate recommendation process by granting recommendation rights only to shareholders holding a certain percentage of shares.
In contrast, Youngpoong·MBK Partners operated a broader and more open recommendation process targeting Korea Zinc shareholders, institutional investors related to corporate governance, and professional organizations to ensure the independence of auditor candidates.
Youngpoong emphasized, "We focused on identifying candidates who can perform their duties independently for the benefit of the company and all shareholders, rather than selecting candidates biased toward specific interests."
Youngpoong·MBK Partners stated that it decided to select final candidates through an "Independent Candidate Review Committee" composed of three external experts to ensure the fairness and objectivity of the public recommendation process.
The Independent Candidate Review Committee will operate independently from Youngpoong and MBK Partners and is scheduled to select final candidates by comprehensively reviewing the candidates' expertise, independence, ability to perform duties, potential conflicts of interest, and reputation.
A representative of Youngpoong·MBK Partners said, "We expect that through the rigorous and objective review by the Independent Candidate Review Committee, the optimal auditor candidates who can perform their duties independently from specific shareholders or management will be selected."
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*This content was translated by AI.
