Governance
Hyundai Green Food strives to enhance shareholder’s value by improving corporate value
and establish a reliable governance structure.
Committees within the Board of Directors
| Classification | Recommendation Committee on candidates for Independent Directors |
Compensation Committee |
Related party transactions Committee |
Audit Committee | ESG Management Committee |
|---|---|---|---|---|---|
| Purpose and Authority |
Verifying the adequacy of candidates for Independent directors |
Evaluating compensation policy and remuneration limits for registered executives |
Examining the adequacy of internal transactions |
Auditing accounting and operation of Hyundai Green Food |
Reviewing ESG related tasks and reporting the results |
| Organization | 3 Independent Directors | 3 Independent Directors | 3 Independent Directors, 1 Inside Director |
3 Independent Directors | 3 Independent Directors, 1 Inside Director |
| Chairperson | Jang, Yeong Soo (Independent Director) |
Kim, Hee Suk (Independent Director) |
Jang, Yeong Soo (Independent Director) |
Cho, Hyun Kwan (Independent Director) |
Kim, Hee Suk (Independent Director) |
| members | Cho, Hyun Kwan (Independent Director) Kim, Hee Suk (Independent Director) |
Cho, Hyun Kwan (Independent Director) Jang, Yeong Soo (Independent Director) |
Cho, Hyun Kwan (Independent Director) Kim, Hee Suk (Independent Director) Lee, Heon Sang (Inside Director) |
Jang, Yeong Soo (Independent Director) Kim, Hee Suk (Independent Director) |
Cho, Hyun Kwan (Independent Director) Jang, Yeong Soo (Independent Director) Lee, Heon Sang (Inside Director) |
Audit Committee
| Members | Independent Directors (Hyun Kwan Cho, Yeong Soo Jang, Hee suk Kim) + Financial / Accounting expert included (Hyun Kwan Cho) |
| Chairperson | Hyun Kwan Cho |
| General Description | Audit Committee reviews and approves financial statements and elects Independent Auditor for the company. |
Recommendation Committee on candidates for Independent Directors
| Members | Independent Directors (Yeong Soo Jang, Hyun Kwan Cho, Hee suk Kim) |
| Chairperson | Yeong Soo Jang |
| General Description | Independent Director Recommendation Committee recommends suitable Independent Director candidates to the Board by assessing their independence and ability in accordance with related laws. |
Related Party Transactions Committee
| Members | Inside Director(Heon Sang Lee) and Independent Directors (Yeong Soo Jang, Hyun Kwan Cho, Hee suk Kim) |
| Chairperson | Yeong Soo Jang |
| General Description | Related Party Transactions Committee reviews appropriateness and fairness of related party transactions. |
Compensation Committee
| Members | Independent Directors (Hee suk Kim, Hyun Kwan Cho, Yeong Soo Jang) |
| Chairperson | Hee suk Kim |
| General Description | Compensation Committee assesses the appropriateness and transparency of Director compensation. |
ESG management Committee
| Members | Inside Director(Heon Sang Lee) and Independent Directors (Hee suk Kim, Hyun Kwan Cho, Yeong Soo Jang) |
| Chairperson | Hee suk Kim |
| General Description | ESG Committee assesses and monitors strategies in relation to ESG matters and corporate sustainability. |
