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Home About Hankook Tire Company Corporate Governance NED Recommendation Committee

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.

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.

As a corporation with over KRW 2 trillion won in assets, Hankook Tire is required by Clause 8 of 2 of Article 542 to set up a Non-executive Director (NED) Nomination Committee to recommend non-executive director candidates.

The NED Nomination Committee consists of Suh, Seumg Hwa; Cho, Hyun Bum; Cho, Geon Ho; Cho, Choong Hwan; and Hong, Seong Phil. From this list, Cho, Geon Ho is the chairman of the Committee and Cho, Choong Hwan and Hong, Seong Phil are included in the list of Non-executive Directors.

  • 1. Rights

    The Committee has the right to recommend non-executive director candidates during the general assembly of shareholders. In deciding on non-executive director candidates, the Committee must include candidates proposed by shareholders who exercise their right for Nomination as stated in Clause 1 of 2 of Article 363 and Clause 1 and 2 of 6 of Article 542 of the Commercial Law.

  • 2. Organization

    Committee members may be appointed and dismissed by the Board of Directors, where the Committee must be comprised of two or more directors, and more than half of the total members shall be non-executive directors.

The chairperson represents the Committee and acts as chair during Committee meetings. When the chairperson can no longer fulfill his or her duties due to unforeseen circumstances, a member of the Committee will be selected by the Committee and act as his or her proxy.


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