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.

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 4	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

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