Board of Directors

Composition of Board of Directors

Board of director is composed of total 6 directors, 3 executive directors and 3 non-executive directors.
The candidate for executive director is recommended by Board of Directors and the candidate for non-executive director is recommended by Non-executive Director Candidate Recommendation Committee, and they are selected in the general stockholders’ meeting.

Inside Director * As of December 31, 2021

Jung Mong-WonCurrently Chairman of HL Group

Position & RankChairman of Board of Directors
Date of Appointment2017.03
Term2023.03

Hong Suk-HwaChief Executive Officer

Position & RankChief Executive Officer
Date of Appointment2019.03
Term2022.03

Choi Kyung-SunChief Executive Officer

Position & RankChief Executive Officer
Date of Appointment2019.03
Term2022.03

Outside Director

Lee Byung-KukOutside Director

Position & RankManagement Consultant
Date of Appointment2020.03
Term2023.03

Lee Yong-DukOutside Director

Position & RankFinancial Consultant
Date of Appointment2020.03
Term2023.03

Jung Ji-SunOutside Director

Position & RankTax Consultant
Date of Appointment2019.03
Term2022.03

Difference with Corporate Governance Model Standard

Recommendations by Model Standard
Recommendations by Model Standard	Adoption	Remark
Introduction of Corporate Governance Charter	O
Introduction of Executive and Employee Rule of Ethics	O
Introduction of Concentrated Vote System	X
Composition of Board of Directors (More than half are non-executive directors)	O	4 Internal Directors and 3 Non-executive Directors
Disclosure of board of director activity details, attendance and objection on major agenda	O
Composition of Non-executive Director Candidate Recommendation Committee (more than half are non-executive directors)	O	2 Non-executive Directors
Composition of Audit Committee (wholly composed of non-executive directors)	O	Composed of 4 non-executive directors
Composition of Compensation Committee	X	Limit of director’s remuneration should be resolved by General Stockholders’ Meeting
Disclosure of composition and role of committee within board of directors and activity details	O
Introduction of rule on the operation and role of the board of directors and committee	O
Director’s liability insurance	O	Insured by company expense
Maintaining of the independency of external auditor	O
Disclosure of governance rating	O	Posted in Homepage
Explanation of the difference with model standard	O	Posted in Homepage
Certify the accuracy and completeness of financial report by representative director and person in charge of finance	O