Overview

Corporate governance at Hyundai E&C aims to establish a sound governance structure that generates value for shareholders and respects the interests and balance of stakeholders under the supervision of an independent Board of Directors.

Corporate Governance Code of Best Practice

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 information to shareholders in advance Cumulative voting	O
Board composition (Outside Director majority) · 3 Executive Directors, 4 Outside Directors - Including 1 Lead Outside Director	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 Nominating Committee for Outside Directors · 1 Executive director, 4 Outside director	O
Composition of Compensation Committee · 1 Inside director, 2 Outside director	O
Composition of Audit Committee · 4 Outside director	O
Disclosure of BoD Committee's current composition, role, and activities	O
Adopt and disclose operation guidelines for the BoD and Committees	O
Provide Directors and Officers liability insurance at the company's expense	O
Evaluation of Board activities · Company may introduce a system to evaluate the board’s operation and performance by Regulations of the B of D	O
Maintain independence of external auditors	O
Certification of accuracy and integrity of financial reports by CEO and CFO	O
Explanation difference between the current practice and the 'Code of Best Practice'	O
Disclosure of audit reports and major timely issues	O

Registration Number 101-81-16293, 03058 Hyundai Bldg., 75, Yolgok-ro, Jongno-gu, Seoul