Governance
We practice transparent management to build a trustworthy and reliable company.
With a strong determination to achieve stable business management and protect shareholder rights, we strive to create a transparent business environment by practicing ethical management and corporate compliance, and establish a sustainable business management framework based on the correct governance structure.
Board of Directors
Samyang Group is devoted to enhancing our corporate value and protecting the rights and interests of our shareholders as well as other stakeholders.
Samyang Group’s Board of Directors is responsible for making important decisions regarding requirements stipulated by the law or the articles of association, matters delegated by the shareholders’ general meeting, and major items related to the basic corporate management and business operation principles. It also manages and supervises the work of the executive management.
ESG Rating
Samyang Group received the following rating from KCGS.
We will strengthen our efforts to raise our ESG rating by continuously improving our governance structure and creating a transparent business environment.
| Year | Integrated Rating |
Environmental (E) |
Social (S) |
Governance (G) |
|
|---|---|---|---|---|---|
| Samyang Holdings |
2022 | B+ | B+ | A | B |
| 2021 | B+ | A | A | B | |
| 2020 | B+ | B | B+ | B+ | |
| Samyang Corporation |
2022 | B+ | B+ | A | B |
| 2021 | A | A | A | B+ | |
| 2020 | B+ | B+ | B+ | B |
Committee
Audit Committee
Our Audit Committee is entirely composed of outside directors, including legal, financial and business management experts. The committee conducts open and professional audits on the business management activities and discloses the details of the audit in a transparent manner. It examines the financial statements, supplementary schedules, and the audit results of third-party audit firms, and audits the reviews on the company’s major issues and the report on the operation status of the internal accounting management program submitted by the internal accounting manager and external auditor.
Committee Members
In accordance with the provisions for the Audit Committee stipulated in the Commercial Act, only outside directors who are independent from the company shall be selected as candidates of the Audit Committee, and at least one accounting/financial expert shall be appointed.
-
Kwan Hee Yoo,
committee chairman
(outside director)Jun Young Lee,
committee member
(outside director) -
Yong-Mo Lee,
committee member
(outside director)Pan-Woo Nam,
committee member
(outside director)
Outside Director Candidate Recommendation Committee
The Outside Director Candidate Recommendation Committee takes part in the review of the corporate management policy with objectivity and fairness, and recommends and selects outside director candidates who will serve on the Board of Directors to oversee and support the executive management. The committee also has the role and authority to recommend and select outside director candidates.
Committee Members
The Outside Director Candidate Recommendation Committee was newly established in 2022. It has convened once since then to recommend outside director candidates and make the decision on the appointment of the Chairman of the Outside Director Recommendation Committee.
-
Taeung Eom,
committee chairman
(Inside director)Yong-Mo Lee,
committee member
(outside director) -
Kwan Hee Yoo,
committee member
(outside director)Jun Young Lee,
committee member
(outside director)
