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 |
2023 | B+ | A | A | B+ |
| 2022 | B+ | B+ | A | B | |
| 2021 | B+ | A | A | B | |
| Samyang Corporation |
2023 | B+ | A+ | A | B |
| 2022 | B+ | B+ | A | B | |
| 2021 | A | A | A | 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
The Audit Committee consists of at least three directors in accordance with the Commercial Act, the articles of association, and the Audit Committee regulations, and at least two-thirds of the total members are outside directors, and includes at least one accounting or financial expert.
-
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
In accordance with the Commercial Act and the regulations of the Outside Director Candidate Recommendation Committee, the Outside Director Candidate Recommendation Committee consists of Chairman Tae-Ung Eom, who is an inside director, and four outside directors, so that outside directors are a majority of the total members.
-
Tae-Ung 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) -
Pan-Woo Nam,
committee member
(outside director)
ESG Committee
ESG committees strategically drive and review the company's environmental, social and governance action plans. In addition, performance and improvement measures related to ESG factors are reviewed and approved to ensure the company's sustainable growth.
Committee Members
According to regulations, the ESG Committee consists of a Chairman Tae-Ung Eom, who is an internal director and four outside directors.
-
Tae-Ung Eom,
committee chairman
(Inside director)Kwan-Hee Yoo,
committee member
(outside director) -
Yong-Mo Lee,
committee member
(outside director)Jun-Young Lee,
committee member
(outside director) -
Pan-Woo Nam,
committee member
(outside director)
