CONTENTS GO
 

Corporate Governance

Board of Directors

BoD Composition

Internal Director

  • Executive Chairman (Standing)Euisun Chung (Male)

    Appointment Date : 2020. 03

    Term : 3 years

    Division : Management

    Liability Insurance : Insuring

  • President (Standing)Sung Hwan Cho (Male)* Chairman of BOD

    Appointment Date : 2021. 03

    Term : 1 years

    Division : Management

    Liability Insurance : Insuring

  • Vice President (Standing)Hyungkeun Bae (Male)

    Appointment Date : 2021. 03

    Term : 3 years

    Division : Management

    Liability Insurance : Insuring

  • Managing Director(Standing)Youngsuk Ko(Male)

    Appointment Date : 2021. 03

    Term : 1 years

    Division : Management

    Liability Insurance : Insuring

Independent(Outside) Director

  • Director (Non-Standing)Dae Soo Kim (Male)

    Appointment Date : 2018. 03

    Term : 3 years

    Division : Business Strategy

    Liability Insurance : Insuring

    Prev.) Korea Univ. Professor
    Prev.) Chair of Korean Production         & Operations Mgt. Society

  • Director (Non-Standing)Young Chang (Male)

    Appointment Date : 2020. 03

    Term : 3 years

    Division : Finance

    Liability Insurance : Insuring

    Curr.) Young & Co CIO/CEO

    Prev.) UBS Securities Seoul
            Branch Manager / Research
            Head

  • Director (Non-Standing)Jina Kang (Female)

    Appointment Date : 2021. 03

    Term : 3 years

    Division : Technology Management

    Liability Insurance : Insuring

    Curr.) Seoul National Univ. College of Engineering Professor
    Curr.)Founding Member & Director of Academic Society of Korea Mobility

  • Director (Non-Standing)Brian D. Jones (Male)

    Appointment Date : 2019. 03

    Term : 3 years

    Division : Finance

    Liability Insurance : Insuring

    Curr.) Archegos Capital
            Co-President
    Prev.) Bear Sterns Senior MD

 
  • Director (Non-Standing)Karl-Thomas Neumann (Male)

    Appointment Date : 2020. 03

    Term : 3 years

    Division : Business/Tech Strategy

    Liability Insurance : Insuring

    Curr.) KTN Gmbh CEO
    Prev.) Opel, Continental, VW
            China CEO

※ As of March 24, 2021

* Commercial Act - Article 382 (Appointment of Directors, Relationship with Company and Outside Directors)

(1) Directors shall be appointed at a general meeting of shareholders.

(2) The provisions of the Civil Act regarding delegation shall apply mutatis mutandis to the relationship between the company and the directors.

(3) Outside directors are directors who are not engaged in the regular business of the relevant company, and do not correspond to any of the following subparagraphs. Where any outside director falls under any of the following subparagraphs, he/she shall be removed from office: 

1. Directors, executive directors and employees who are engaged in the regular business of the relevant company, or directors, auditors, executive directors and employees who have engaged in the regular business of the relevant company within the latest two years;

2. The principal, his/her spouse, lineal ascendants, and lineal descendants, in cases where the largest shareholder is a natural person;

3. Directors, auditors, executive directors and employees of the corporation, in cases where the largest shareholder is a corporation;

4. The spouses, lineal ascendants, and lineal descendants of directors, auditors and executive directors;

5. The directors, auditors, executive directors and employees of a parent company or a subsidiary company of the relevant company;

6. Directors, auditors, executive directors and employees of a corporation which has a significant interest in the relevant company, such as business relations with the company;

7. Directors, auditors, executive directors and employees of another company for which directors, executive directors and employees of the relevant company serve as directors and executive directors.

BoD operation

  • The 1st Ordinary Meeting

    Jan 30. 2020

    Passed

    1. Approval of 2019 Financial Results and 2020 Business plan
    2. Approval of the 43rd business report
    3. Approval of financial transaction with financial affiliates
    4. Approval of in large-scale goods and services transactions internally
    5. Approval of limits on transactions with the largest shareholder, etc.
    6. Approval of cancellation of treasury stocks

  • The 2nd Ordinary Meeting

    Feb 14. 2020

    Passed

    1. Approval of Adoption of Electronic Voting System
    2. Approval of 2020 Shareholder Value Maximization policy
    3. Approval of Convocation, Report, and Agenda to be submitted to the 43rd
       Annual Shareholders Meeting

  • The 1st Extraordinary Meeting

    March 18. 2020

    Passed

    1. Appointment of representative directors
    2. Approval of Concurrent Directorship

      (Euisun Chung : HMC, KMC, Hyundai Steel / Karl Thomas Neumann :
      KTN Gmbh, Navico, etc.)

    3. Appointment of Members of Committees

  • The 3rd Ordinary Meeting

    April 24. 2020

    Passed

    1. Approval of large-scale internal transaction of products and services
    2. Approval of financial transaction with financial affiliates
    3. Approval of large-scale internal transaction
    4. Approval of large-scale investment

  • The 2nd Extraordinary Meeting

    June 11. 2020

    Passed

    1. Approval of 2020 shareholder return policy

  • The 4th Ordinary Meeting

    July 24. 2020

    Passed

    1. Approval of 2020 Revised Business Plan
    2. Approval of Financial Transactions with Financial Affiliate by Standard Terms   and Conditions
    3. Approval of Large-Scale Internal Transaction of Products and Services

  • The 3rd Extraordinary Meeting

    September 29. 2020

    Passed

    1. Approval of Treasury Stock Purchase

  • The 4th Extraordinary Meeting

    October 14. 2020

    Passed

    1. Conferment of Honorary Chairman and Appointment of New Chairman

  • The 5th Ordinary Meeting

    October 29. 2020

    Passed

    1. Approval of Treasury Stock Disposition (Contribution to Employee Stock Ownership Association)
    2. Approval of Financial Transactions with Financial Affiliate by Standard Terms and Conditions
    3. Approval of Large-Scale Internal Transaction of Products and Services

  • The 5th Extraordinary Meeting

    December 11. 2020

    Passed

    1. Approval of Financial Transactions with Financial Affiliate by Standard Terms and Conditions
    2. Approval of Large-Scale Internal Transaction of Products and Services
    3. Approval of Limits on Transactions with the Largest Shareholder, etc.
    4. Approval of Limits on Transactions between Directors, etc. and the Company
    5. Approval of major business issues - Acquisition of Semiconductor division from Hyundai Autron
    6. Approval of Major business issues - Acquisition of Boston Dynamics

※ As of December 31, 2020

BOD Committes

BOD Committes
Committee Members Major Function Remarks
Inside Outside
Independent Director
Recommendation Committee
3 4 Recommend Candidate
for Independent Director
-
Audit Committee - 5 Audit on Accounting and
Business Operations
-
Corporate Sustainability
Management Committee
1 5 Review Internal Transaction, ESG, Safety and Health and protection of shareholders' rights -
Compensation Committee 1 3 Review amount of &
compensation for directors
-

 

※ As of March 24, 2021

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