Board of Directors

Governance Structure-Classification(Executive Director,Outside Director), Name, Appointment, Term, Profile
Classification Name Appointment Term Profile
Executive
Director
Kyung Shik, Sohn March 20, 2015 3-year term
Current)
Chairman & CEO of CJ Corporation
Former)
Director of Samsung Electronics
Keun Hee, Park March 27, 2019 3-year term
Current)
Vice Chairman & CEO of CJ Corporation
Former)
Vice Chairman & CEO of Samsung Life Insurance
Hong Ki, Kim March 27, 2018 3-year term
Current)
Vice President & CEO, CJ Corporation
Former)
Head of Secretary Team, CJ Corporation
Outside
Director
Hyun Seung, Song March 24, 2017 3-year term
Former)
CEO of Yonhap News
CEO of Yonhap Infomax
Chul Kyu, Ryu March 24, 2017 3-year term
Current)
Professor of internal medicine, Seoul National University
Chairman of the Korea Association of Internal Medicine
Sung Kwan, Cheon March 27, 2019 3-year term
Current)
Lawyer of Kim & Chang
Former)
Director of the Seoul Central District Prosecutor's Office
Yeon Geun, Kim March 27, 2019 3-year term
Current)
Advisor of Kim & Chang
Former)
Director of the Seoul Regional Tax Office

Subcommittee

  • Member
  • Subcommittee Chairman
  • BOD Chairman
Name, CEO, Audit Committee, Outside Director Candidate Recommendation Committee,Remuneration Committee, Application for Directors and Officers Insurance
Name CEO Audit
Committee
Outside Director
Candidate
Recommendation
Committee
Remuneration
Committee
Application for
Directors and
Officers
Insurance
Kyung Shik, Sohn Chairman of the Committee - - Chairman of the BOD Chairman of the Committee
Keun Hee, Park Chairman of the Committee - - Chairman of the Committee Chairman of the Committee
Hong Ki, Kim - - - Chairman of the Committee Chairman of the Committee
Hyun Seung, Song - Chairman of the Committee Chairman of the BOD Chairman of the Committee Chairman of the Committee
Chul Kyu, Ryu - Chairman of the Committee Chairman of the Committee Chairman of the Committee Chairman of the Committee
Sung Kwan, Cheon - Chairman of the Committee Chairman of the Committee Chairman of the Committee Chairman of the Committee
Yeon Geun, Kim - Chairman of the BOD Chairman of the Committee Chairman of the Committee Chairman of the Committee
  • Audit Committee member's term is 3 years, and the date of appointment to the member and outside director is the same.
  • Audit Committee

    The Audit Committee is a permanent organization of the BOD and all members are elected at the General Stockholders' Meeting. The Audit Committee audits the accounting and operations of the directors. The Audit Committee has the right to request business reports from the directors or to investigate the company's property status. According to the CJ Corporation's Audit Committee Regulations that govern it, CJ Corporation Audit Committee votes on three agendas, which are details relating to the General Stockholders' Meeting, details relating to directors and BOD, and details relating to audit.

  • Outside Director Candidate Recommendation Committee

    The Outside Director Candidate Recommendation Committee selects candidates qualified to be outside directors and therefore recommends them as outside directors. CJ Corporation's Outside Director Candidate Recommendation Committee consists of 4 outside directors.

  • Remuneration Committee

    The Remuneration Committee has the right to assess the remuneration system and performance indicators of executives for their long-term incentives. This committee consists of 3 inside directors and 4 outside directors.

Operation of the BOD

  • Assent
Operation of the BOD-No., Date, Agenda, Result, No. of Directors Who Attended the Meeting, Conclusion by Outside Directors
No. Date Agenda Result No. of
Directors
Attended
Conclusion by Outside Directors
Hyun Seung,
Song
Chul Kyu,
Ryu
Sung Kwan,
Cheon
Yeon Geun,
Kim
1 Feb. 11,
2019
Approval of the financial statements and business report for the 66th fiscal year

Approved

3 Assent / - -
Relocation of the head office

Approved

Assent / - -
Report on operating status of the internal accounting management system

Reported

- / - -
Report on the amendment result of internal accounting management regulation

Reported

- / - -
2 Mar. 08,
2019
Convocation of the 66th general shareholders’ meeting

Approved

3 / Assent - -
Amendment of the executive regulation

Approved

/ Assent - -
Amendment of the compliance guideline

Approved

/ Assent - -
Report on operating status of the internal accounting management system

Reported

/ - - -
Report on the result of inspecting compliance guideline

Reported

/ - - -
3 Mar. 27,
2019
Appointment of the CEO

Approved

3 Assent / Assent Assent
Appointment of the subcommittee members

Approved

Assent / Assent Assent

Differences from Corporate Governance Criteria

Differences from Corporate Governance Criteria
Recommendation in the Criteria Adoption
Composition of the BOD Appointing outside directors over the majority
Introduction of regulations for the operation and role of the BOD and subcommittees Introduced
Disclosure on activities of the BOD and subcommittees Disclosure
Establishment of the Compensation Committee Established (3 inside directors and 4 outside directors)
Establishment of the Outside Director Candidate Recommendation Committee Established (4 outside directors)
Establishment of the Audit Committee Established (4 outside directors including one financial expert)
Concentrated vote system Excluded from the article of association
Letter vote system Not introduced
Directors' application to professional liability insurance With business expenses
Disclosure on the corporate governance evaluation grade Website
Explanation of differences from corporate governance criteria Website

ESG Evaluation Grade

CJ Corporation acquired an integrated A grade at the ESG evaluation hosted by the Corporate Governance Service in 2017. Points by area are as follows:

ESG Eveluation Grade
Evaluation Area Environment Society Governance
Points by area 6.2 153 140
Grade by area B A+ A
Rating (within the industry) 514/727 (24/66) 75/727 (9/68) 19/681 (5/59)
Average points in the KRX 26 83.31 87.46