Introduction of Executive Officer System

Namyang Dairy Products has strengthened management transparency by introducing the executive officer system after the change of the largest shareholder in 2024.

The executive officer system has executive officers dedicated only to business execution. The board of directors has supervisory authority over decision-making and business execution, and executive officers can efficiently execute the management business.

Board of Directors Composition

Directors are appointed at the general shareholders' meeting. The total number of directors is three or more, and outside directors constitute at least ¼ of the total number of directors. In the case of appointing two or more directors, the concentrated voting system stipulated in Article 382-2 of the Commercial Act is not applied. The term of office for directors is 3 years, and they may be reappointed. In the case of outside directors, the maximum period for reappointment is 6 years.
Our company's board of directors consists of 6 members, 2 of whom is an outside director.