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.
Hankook Tire & Technology is a corporation with a total assets of more than KRW 2 trillion and is required to establish an Outside Director Candidate Recommendation Committee to recommend candidates for outside directors pursuant to Article 542-8 (4) of the Commercial Act.
Hankook Tire & Technology's Outside Director Candidate Recommendation Committee consists of Hyun-beom Cho, Soo-il Lee, Choong-hwan Cho, Seong-pil Hong, and Chang-hwa Jung, of which three outside directors are Choong-hwan Cho (Chairman), Seong-pil Hong, and Chang-hwa Jung.
The Outside Director Candidate Recommendation Committee reserves the right to recommend candidates for outside director at the general shareholders' meeting.
If there is any recommendation from shareholders in accordance with relevant law and regulation regarding the recommendation of an outside director, the Outside Director Candidate Recommendation Committee submits it as an agenda within the legal scope.
The Outside Director Candidate Recommendation Committee member shall be appointed and dismissed by the board of directors, consist of two or more directors, the majority of who shall be outside directors.
The Outside Director Candidate Recommendation Committee chairman shall represent the committee to serve as a chairman of the committee meeting. When a chairman fails to deliver his/her duty, a committee member selected by the committee shall take over the chairman's duty.
The Outside Director Candidate Recommendation Committee shall be convened by the chairman, and each committee member can request the convocation of the committee by raising an agenda and its reasons. If the chairman does not convene the committee without good cause, the committee member who requested convocation may request the committee to convene.
When the Outside Director Candidate Recommendation Committee is convened, a date shall be set and each member shall be notified one week before the meeting, which can be held at any time with the consent of all members.
The resolution shall be composed of the majority of enrolled members and the majority of attendees. The committee may allow all or a part of the audit committee members to participate in the resolution by means of a communication means that simultaneously transmits and receives videos and voices without all or a part of them attending the meeting, where the audit committee member is deemed to have attended the committee in person.
The Outside Director Candidate Recommendation Committee can make recommendation for the outside director candidates and other supplementary agenda related with it.
Minutes about discussion of the Outside Director Candidate Recommendation Committee shall be kept with its contents signed by the attending member.
No committee held recently