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Hankook Tire Corporate Governance

To sustain transparent and accountable corporate principles, Hankook Tire has embraced a corporate governance system which recognizes and deals with a wide range of ethical issues to better manage our company and make decisions that benefit all stakeholders.

To sustain transparent and accountable corporate principles, Hankook Tire has embraced a corporate governance system which recognizes and deals with a wide range of ethical issues to better manage our company and make decisions that benefit all stakeholders.


The Hankook Tire & Technology Board of Directors is formed to deliberate and provide advice on important corporate issues, matters stipulated by laws or articles of incorporation, details assigned by the regular board of directors, basic policies of corporate operation, and essential matters related to the management support.
In addition, the board supervises the performance of director's duty and complies with the domestic commercial law requiring 50% of the board members to be outside directors.
The Hankook Tire & Technology Board of Directors consists of two executive directors and three outside directors, and the chairman of the board serves the CEO of Hankook Tire & Technology.
The board makes the company's most permanent decision-making body, which determines key issues such as signing an important contract, establishing and approving a business plan.

A director of the Hankook Tire & Technology Board of Directors is appointed at the general shareholders’ meeting pursuant to Article 382 of the Commercial Code of the Republic of Korea, and is not discriminated on the basis of his/her gender, race, or appearance.
The candidate to be elected as a director at the general shareholders' meeting is selected by the Board of Directors and the Outside Director Candidate Recommendation Committee to confirm the agenda to be submitted to the general shareholders' meeting.
If there is any suggestion from a shareholder in accordance with the relevant law and regulation regarding appointment of a director, the Board of Directors submits agenda to the general shareholders' meeting within the legal scope.

The Hankook Tire & Technology Board of Directors operates four committees: the Audit Committee, the Outside Director Candidate Recommendation Committee, the Sustainability Management Committee and the Internal Transaction Committee.
The Hankook Tire & Technology articles of incorporation permits creation of a separate committee if deemed necessary.

In-house Director

Hyun-beom Cho (Appointed on March 26, 2018)

CEO of Hankook Tire & Technology and COO of Hankook Technology Group
  • - Chairman of the board
  • - Chairman of the Sustainability Management Committee
  • - Member of the Outside Director Candidate Recommendation Committee

Hyun-beom Cho, a president of Hankook Tire & Technology since 2011, joined the company in 1998 and has held various positions including the head of Marketing Communication. President Cho graduated from Boston College majoring in Economics.

Soo-il Lee (Appointed on March 26, 2018)

CEO of Hankook Tire & Technology (General Manager)
  • - Member of the Outside Director Candidate Recommendation Committee
  • - Member of the Sustainability Management Committee

Having been a CEO of Hankook Tire & Technology (General Manager) since 2018, Soo-il Lee joined the company in 1987 and held positions as head of the Marketing and Business Operations Divisions. President Soo-il Lee graduated from Kyungpook National University majoring in Trade, and earned his MBA degree at Michigan State University.

Outside Director

Choong-hwan Cho (Appointed on 26 March 2018)

  • - Chairman of the Audit Committee
  • - Chairman of the Outside Director Candidate Recommendation Committee
  • - Chairman of the Internal Transaction Committee
  • 1964 Graduated from Law School of Seoul National University
  • 1979 Samsung C&T Director
  • 2007 Hankook Tire Vice Chairman

Seong-pil Hong (Appointed on March 26, 2018)

  • - Member of the Audit Committee
  • - Member of the Outside Director Candidate Recommendation Committee
  • - Member of the Internal Transaction Committee
  • 1986 M.D., Ph.D., Law School of Seoul National University
  • 2002 M.D., Ph.D., Yale Law School, USA
  • Former Outside Director, Mando Co., Ltd.
  • Former Professor, Yonsei Law School

Chang-hwa Jung (Appointed on March 26, 2018)

  • - Member of the Audit Committee
  • - Member of the Outside Director Candidate Recommendation Committee
  • - Member of the Internal Transaction Committee
  • 2006 Ph.D. in Business Administration, Western Ontario University
  • Active Professor, Korea University Business School

* Three-year term as the internal/external directors as of the appointment date


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