GH Appoints 9 Members to Compliance Oversight Committee on 24th

Gyeonggi Housing and Urban Corporation (GH) held a Compliance Oversight Committee meeting and an inauguration ceremony for its members on the 24th.

The Compliance Oversight Committee performs deliberation and advisory functions regarding GH's overall operations, with guaranteed independence in its activities.

GH amended the "Ordinance on the Establishment and Operation of Gyeonggi Housing and Urban Corporation" in July last year to establish the basis for the committee, and subsequently enacted the "Regulations on the Establishment and Operation of the Gyeonggi Housing and Urban Corporation Compliance Oversight Committee" in December.

Gyeonggi Housing and Urban Development Corporation appointed members of the Compliance Oversight Committee on the 24th. Kim Se-yong, President of GH (center), is taking a commemorative photo with the Compliance Oversight Committee members. Photo by Gyeonggi Housing and Urban Development Corporation

The Compliance Oversight Committee consists of nine members, six of whom are external members. The inaugural chairman appointed was Lee Bio, former auditor of Seoul Housing and Communities Corporation. The committee holds meetings quarterly and can convene additional meetings if necessary.

Kim Se-yong, President of GH, stated, "Through the operation of the committee, we will further strengthen the corporation's compliance management and responsible management."