Corporate Governance
IBK realizes balanced decision-making based on transparency and accountability and operates a governance structure that considers the interests of all stakeholders. It enhances corporate value, drives sustainable growth, and further strengthens its role as a trusted financial partner through sound cooperation between the board and management.
- Composition of the Board of Directors
- As of the end of December 2025, IBK's Board of Directors (BOD) is the bank's main decision-making body, consisting of the Chairman & CEO, Deputy CEO, and four outside directors. As the chair of the board, the Chairman & CEO is appointed by the President of the Republic of Korea on the recommendation of the chairman of the Financial Services Commission (FSC). The Deputy CEO and the outside directors are appointed by the FSC on the recommendation of the IBK Chairman & CEO.
- Board Activities
- The Board determines the bank’s critical business issues. In 2025, the Board convened 15 meetings to deliberate on or receive reports concerning 86 agenda items. In February, the second BOD meeting resolved the “Proposal for Issuance of Contingent Convertible Bonds (write-down CoCo bonds)” to compensate for the reduction in the capital amount and stabilize its BIS ratio. Later, at the sixth Board meeting in June, the Board deliberated on and approved a proposal to establish and invest in the IBK-Kiwoom SME & Mid-Sized Company Growth Support Private Equity Investment Company (provisional name). The decision paves the way for the provision of venture capital to promising SMEs and mid-sized companies with growth potential while, as a policy bank, playing a leading role in the government policies of enhancing the competitiveness of SMEs and mid-sized companies. In 2026, IBK remains committed to fostering responsible management and exemplary governance through its board activities, with the aim of remaining a leader in ESG management. Furthermore, the bank is working tirelessly to foster constructive relations with all stakeholders and establish an advanced governance structure.
- Board Committees
- IBK's BOD activities are supported by five subcommittees: the Steering Committee, Compensation Committee, Risk Management Committee, ESG Committee, and Internal Control Committee, to promote sound management. In particular, to ensure their independence, the Compensation Committee is fully comprised of outside directors, while an outside director chairs the Risk Management Committee, ESG Committee, and Internal Control Committee.
- Steering Committee
- As of the end of December 2025, the Steering Committee consisted of the bank’s Chairman & CEO, Deputy CEO, and three outside directors. It is responsible for assisting the efficient and active operation of the BOD and communicating with shareholders and other stakeholders. The Committee also reviews and approves measures to improve meeting procedures and operations for the efficient functioning of the BOD and its committees, while enhancing shareholder value and protecting the interests of stakeholders.
- Compensation Committee
- The Compensation Committee is comprised of three outside directors. It deliberates on and approves the compensation system for executive officers, as well as employees in charge of financial investments, performance evaluations and fringe benefits of executives, and other matters deemed necessary by the BOD.
- Risk Management Committee
- The Risk Management Committee consists of two outside directors and the bank's Deputy CEO. Chaired by an outside director who is appointed by the BOD, the Committee manages risks arising in the course of the bank's ordinary business activities. It also develops and approves risk management policies to maintain an appropriate capital adequacy level.
- ESG Committee
- The ESG Committee consists of two outside directors and the Deputy CEO. Chaired by an outside director who is appointed by the BOD, the Committee manages and oversees the bank's ESG management, such as reviewing the bank's strategic directions and performance of ESG management.
- Internal Control Committee
- The Internal Control Committee consists of two outside directors and the Deputy CEO. Chaired by an outside director who is appointed by the BOD, the Committee establishes the basic policies and strategies for the bank's internal control, and reviews and evaluates whether the internal control measures and reports by the CEO and executives are being properly executed.