What’s interesting to me is that KT was only going to pick 3 BODs (by the way only 2 required) per what he said at SHM. From what I can surmise, this next BOD is the extra one (for 4 additions or 5 in all including KT). So, it is probably just Jon Rice but could be a selection by an institutional investor.
Inside directors typically include a company's top executives, such as the chief operating officer (COO), the chief financial officer (CFO) and the chief operating officer (COO), as well as representatives of major shareholders, lenders, and additional stakeholders, such as labor unions.
An institutional investor who is considering making a sizable investment in a company will often insist on appointing one or more representatives to the company's board of directors.
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