Together with the board of directors, we practice transparent and responsible management.
Composition of the Board of Directors
Independence of the Board of Directors
In order to secure the independence of nonexecutive directors, we have complied with the qualification restriction standards of the relevant laws, and established and operated the Nonexecutive Director Candidate Recommendation Committee to recommend candidates for nonexecutive directors. In accordance with Article 542-8 of the Commercial Act, the Nonexecutive Director Candidate Recommendation Committee is organized so that nonexecutive directors constitute a majority of the total members.
Diversity of the Board of Directors
The company limits the qualifications of directors to those with extensive expertise and experience in the related field, and reviews not to appoint those responsible for undermining corporate value or violating shareholder rights and interests. In addition, we make efforts to secure diversity, such as appointing female nonexecutive directors, so as not to be of a specific gender.
In order to secure the independence of nonexecutive directors, we have complied with the qualification restriction standards of the relevant laws, and established and operated the Nonexecutive Director Candidate Recommendation Committee to recommend candidates for nonexecutive directors. In accordance with Article 542-8 of the Commercial Act, the Nonexecutive Director Candidate Recommendation Committee is organized so that nonexecutive directors constitute a majority of the total members.
Diversity of the Board of Directors
The company limits the qualifications of directors to those with extensive expertise and experience in the related field, and reviews not to appoint those responsible for undermining corporate value or violating shareholder rights and interests. In addition, we make efforts to secure diversity, such as appointing female nonexecutive directors, so as not to be of a specific gender.
Configuration Status
[ ● : Chairperson, Chairman ]
| Classification | Name (Gender) |
Expected Date of Term Expiration | Field of Activity | Major career | Board of Directors | Audit Committee | Nonexecutive Director Candidate Promotion Committee |
|---|---|---|---|---|---|---|---|
| In-house director (2) | Park Sang Hoon(male) | March 2027 | CEO and President | Head of Busan Works | ● | ● | |
| Kim Do Yeun(male) | March 2027 | Director of Planning | Color-coated Steel Plate Sales Representative | ○ | |||
| Outside director (3) | Park Jin Woo(female) | March 2027 | Technical consulting | Professor of Materials Science and Engineering at Yonsei University | ○ | ○ | ○ |
| Ryu Jae Yong(male) | March 2027 | Management consulting | Kim & Jang law firm Certified Public Accountant | ○ | ○ | ○ | |
| Choi JeongHwan(male) | March 2027 | Management consulting | Yulchon Law Attorney | ○ | ○ | ○ |
Management of Board of Directors
The board of directors is divided into temporary and regular board of directors. The regular board meeting is held on a schedule set at the beginning of the year, and is not held unless there is an agenda to be resolved on the same day. The temporary board meetings are held on an irregular basis when necessary.
Nonexecutive directors can be recruited from outside experts if necessary, and directors' liability insurance is covered at the company's expense. In addition, according to our company, the approval of financial statements and the decision on profit distribution are required to be approved at the general shareholders' meeting.
※ Article 3 (Authority) of the Regulations of the Board of Directors, Article 7 (Types) of the Regulations of the Board of Directors, Article 42 (Preparation and Keeping of Financial Statements and Business Reports, etc.) of the Articles of Incorporation
Nonexecutive directors can be recruited from outside experts if necessary, and directors' liability insurance is covered at the company's expense. In addition, according to our company, the approval of financial statements and the decision on profit distribution are required to be approved at the general shareholders' meeting.
※ Article 3 (Authority) of the Regulations of the Board of Directors, Article 7 (Types) of the Regulations of the Board of Directors, Article 42 (Preparation and Keeping of Financial Statements and Business Reports, etc.) of the Articles of Incorporation
| Classification | Number of Board Meetings | Average Attendance at the Board of Directors | ||||
|---|---|---|---|---|---|---|
| Regular Board of Directors |
Temporary Board of Directors |
Total | Executive Director Attendance Rate |
Nonexecutive Director Attendance Rate |
Total | |
| 2023 | 6 | 6 | 12 | 100% | 92% | 98% | 2024 | 9 | 8 | 17 | 100% | 96% | 97.60% |
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