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Overview

Corporate Governance Code of Best Practice

Download Corporate Governance Charter
The Corporate Governance 'Code of Best Practice' is issued by the Korean Corporate Governance Service. *
Corporate Governance Code of Best Practice Status

Corporate Governance charter

O

Code of ethics for Corporate and employee

O

Cumulative voting

·

Excluded cumulative voting under the Article 26 (Appointment of Directors)

X

Provide annual general meeting informations in advance to shareholders

O

Board composition (Outside Director majority)

·

Inside Directors 3 , Outside Directors 4.(Lead Outside Director 1 person included)

O

Separation of CEO and Chairman of the board

·

Although CEO holds an additional position as Chairman of the board, CEO and Chairman are appointed separately by the BoD

X

Disclosure of board activities, attendance, agenda and voting results

O

Composition of Outside Director Recommendation Committee

·

Inside Director 1, Outside Director 2

O

Composition of Compensation Committee

·

Inside Director 1, Outside director 2

O

Composition of Audit Committee

·

Outside Director 4

O

Disclosure of BOD Committee current composition, role, and activities

O

Adopt and disclose operation guidelines for board and committees

O

Provide directors and officers liability insurance at company expense

O

Evaluation of board activities

·

Once a year

O

Maintain independence of external auditors

O

Certification of accuracy and integrity of financial reports by CEO and CFO

O

Explain difference between current practice and 'Code of Best Practice'

O

Disclosure of audit reports and major timely issues

O