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
Chae Wook, Lee March 24, 2017 3-year term
Current)
Vice Chairman & CEO of CJ Corporation
Vice Chairman & CEO of CJ Logistics
Former)
President of Incheon International Airport Corporation
Chairman of General Electric Korea
Hyeon jae, Shin March 18, 2016 3-year term
Current)
Vice President in General Management, CJ Corporation
Former)
CEO of CJ Logistics
Outside
Director
Seong Ho, Kim March 18, 2016 3-year term
Current)
Chairman of Happy World Foundation
Former)
58th Minister of Justice
29th Director of the National Intelligence Service
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
Yoon Joon, Park March 24, 2017 3-year term
Current)
Adviser of Kim & Chang
Former)
Senior Manager of the National Tax Service

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
Chae Wook, Lee Chairman of the Committee - - Chairman of the Committee Chairman of the Committee
Hyeon jae, Shin - - - Chairman of the Committee Chairman of the Committee
Seong Ho, Kim - Chairman of the Committee Chairman of the BOD Chairman of the Committee Chairman of the Committee
Hyun Seung, Song - Chairman of the Committee Chairman of the Committee 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
Yoon Joon, Park - 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
Seong Ho,
Kim
Hyun Seung,
Song
Chul Kyu,
Ryu
Yoon Joon,
Park
1 Feb. 09,
2017

Approval of the 64th financial statements and
business report

Approved

4 Assent - - -
Amendment of the executive rule

Approved

Assent - - -
Report on the operation results of internal
accounting management system

Reported

- - - -
2 Mar. 08,
2017

Convocation of the 64th general shareholders'
meeting

Approved

4 Assent - - -
Appointment of the Compliance Officer

Approved

Assent - - -
Report on the evaluation results on internal
accounting management system operation

Reported

- - - -
Report on the inspection results on observing the
compliance system

Reported

- - - -
3 Mar. 24,
2017

Appointment of the CEO

Approved

4 Assent Assent Assent Assent
Appointment of subcommittee members

Approved

Assent Assent Assent Assent
Amendment of the BOD rule

Approved

Assent Assent Assent Assent
4 May. 13,
2017

Amendment of the executive rule

Approved

4 Assent Assent Assent Assent
Establishment of a new special rule for
compensating long-term employed persons

Approved

Assent Assent Assent Assent
Report on operating performances for 1Q 2017

Reported

- - - -
5 Aug. 08,
2017

Relocation of the head office

Approved

4 Assent Assent Assent Assent
Approval of transactions with stakeholders

Approved

Assent Assent Assent Assent
Report on operating performances for 1H 2017

Reported

- - - -

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 B+ grade at the ESG evaluation hosted by the Corporate Governance Service in 2016. Points by area are as follows:

ESG Eveluation Grade
Evaluation Area Environment Society Governance
Points by area 154.1 189 99
Grade by area B+ A B+
Rating (within the industry) 151/713 (4/56) 61/713 (7/66) 100/713 (10/66)
Average points in the KRX 92.76 95.63 74.22