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 for Outside Directors |
Remuneration Committee |
Internal Trade Committee |
Audit Committee | ESG Management Committee |
|---|---|---|---|---|---|
| Purpose and Authority |
Verifying the adequacy of candidates for outside 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 Outside Directors, 1 Inside Director |
2 Outside Directors, 1 Inside Director |
3 Outside Directors, 1 Inside Director |
3 Outside Directors | 3 Outside Directors, 1 Inside Director |
| Chairperson | Jang, Yeong Soo (Outside Director) |
Yoo, Won Kon (Outside Director) |
Jang, Yeong Soo (Outside Director) |
Cho, Hyun Kwan (Outside Director) |
Cho, Hyun Kwan (Outside Director) |
| members | Yoo, Won Kon (Outside Director) Cho, Hyun Kwan (Outside Director) Park, Hong Jin (CEO) |
Cho, Hyun Kwan (Outside Director) Kim, Dae Seok (Inside Director) |
Yoo, Won Kon (Outside Director) Cho, Hyun Kwan (Outside Director) Lee, Heon Sang (Inside Director) |
Yoo, Won Kon (Outside Director) Jang, Yeong Soo (Outside Director) |
Yoo, Won Kon (Outside Director) Jang, Yeong Soo (Outside 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. |
Independent Director Recommendation Committee
| 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 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. |
