Company
Corporate Governance
Composition of Shareholders
- Individuals:13.88%
- Treasury Stock:27.06%
- Others:0.25%
- Domestic Institutions:17.74%
- Foreigners:5.43%
- Major Shareholders and Affiliates:35.65%
As of Dec 31, 2023
(Unit: Shares)| Classification | Number of Shares | Percentage |
|---|---|---|
| Major shareholders and affiliates | 6,131,700 | 35.65% |
| Treasury stock | 4,054,190 | 23.57% |
| Domestic institutions | 1,258,325 | 7.31% |
| Individuals | 5,199,138 | 30.23% |
| Foreigners | 486,481 | 2.83% |
| Others | 70,166 | 0.41% |
Board of Directors and Committees
Board of Directors
- CEO: Hyung Tae-joon(Chair)
- Executive Director: Han Hoon-min
- Executive Director: Seo Yong-lin
- Outside Director: Han Dongsoo
- Outside Director: Lee Suk-jae
- Outside Director: Kim Tay
- Audit Committee
Duties: Accounting, business audits- Outside Director: Kim Tay(Chair)
- Outside Director: Han Dongsoo
- Outside Director: Lee Suk-jae
- ESG Committee
Duties: ESG planning and performance evaluation- Outside Director: Lee Suk-jae(Chair)
- Outside Director: Kim Tay
- Executive Director: Han Hoon-min
- Internal Trading Committee
Duties: Review and deliberation on internal trading- Outside Director: Kim Tay(Chair)
- Outside Director: Han Dongsoo
- Executive Director: Seo Yong-lin
- Outside Director Candidate Recommendation Committee
Duties: Recommending candidates for outside director positions- Outside Director: Lee Suk-jae(Chair)
- Outside Director: Kim Tay
- Executive Director: Hyung Tae-joon
- Compensation Committee
Duties: Assessing the appropriateness of director compensation- Outside Director: Han Dongsoo(Chair)
- Outside Director: Lee Suk-jae
- Executive Director: Hyung Tae-joon
| Executive Directors | Outside Directors |
|---|---|
Hyung Tae-joon, President & CEO, SHINSEGAE I&C
|
Lee Suk-jae , Professor of Philosophy, Seoul National University
|
Han Hoon-min, Head of Group System & HR Division, SHINSEGAE I&C
|
Kim Tay, Attorney, Pyeongsan Law Firm
|
Seo Young-lin, Head of Finance, SHINSEGAE I&C
|
Cha Kyung-Jin, Department Chair of Business informatics, Hanyang University
|
Environmental, Social, and Governance (ESG) Ratings
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Total | A | B+ | B+ | B+ | B+ |
| Environmental (E) | A | B+ | B | B | B |
| Social (S) | A+ | A | B+ | B+ | B+ |
| Governance (G) | A | B+ | A | B+ | B+ |
※ Rating by KCGS(Korea Institute of Corporate Governance and Sustainability)
Level of Adherence to Best Practices
| Best Practice Recommendations | Introduction | Remarks |
|---|---|---|
| Enactment of Employee Code of Ethics | ○ | |
| BOD requirement that outside directors should be in the majority | X | three out of the six Board members are outside directors |
| Holding of regular Board meetings | ○ | |
| Making agendas available before all Board meetings | ○ | |
| Establishment of regulations regarding the roles and procedures of the Board and its committees | ○ | |
| Operation of an Outside Director Candidate Recommendation Committee | ○ | |
| Establishment of professional-level committees inside the BOD | ○ | |
| Disclosure of BOD activities, attendance rates, and pros and cons of agenda items | ○ | |
| Provision of liability insurance for directors paid for by company | ○ | |
| Audit Committee requirement that all members should be outside directors | ○ | |
| Independence of external auditors | ○ | |
| Clear and concise certifications of financial reports, including business-related ones | ○ | |
| Explanation of deviations from best practices | ○ | |
| Concentrated vote system | X | |
| Evaluations of BOD activities | X |