[지오영 MBK 매각 명암]⑤ 이사회 과반 MBK…경영진 견제 요구도

MBK Partners' majority control of GeoYoung's board eliminates independent oversight, with neither independent directors nor autonomous auditors to check management decisions. This governance weakness mirrors the Homeplus case, where PE-dominated boards enabled undisclosed debt issuance and investor losses, demonstrating how concentrated control erodes corporate value and accountability. The case reveals why even private companies must strengthen board independence to ensure sustainable decision-making and protect stakeholder interests.