ESG Report 2022-2023 - Flipbook - Page 17
HIGHLIGHTS
INTRO
ESG MANAGEMENT SYSTEM
Responsible Governance
PRIORITY AREA
APPENDIX
Hankook Tire & Technology ESG Report 2021/22
17
Hankook Tire & Technology maintains sound corporate
running as one of the ESG Steering Committees since 2021,
We follow the one share one vote rule, and treasury shares do
governance to protect the rights and interests of shareholders
along with a roadmap and its detailed action plans developed
not carry voting rights pursuant to the Commercial Act. As of
and other stakeholders and to conduct business in a reasonable
and implemented to establish advanced governance.
the end of December 2021, the National Pension Service (NPS)
manner. We have established and are operating advanced
governance which centers around the Board of Directors, and
owned 6.35% of Hankook Tire & Technology’s total shares
fully assist the Board of Directors with its transparent and
Shareholder Composition
professional decision-making. Our management philosophy and
(unit: %)
outstanding. NPS follows the principle of responsible investing
in exercising its voting rights in consideration of our ESG
performance.
commitment to practicing our Board-centered management
1.52
philosophy is specified in the Articles of Incorporation and
Founder & Founding Family Stock
Ownership
Treasury stock
BOD regulations to serve as the foundation for our governance
principle and policy. In 2021, the ESG Committee was established
under the BOD through its resolution to bolster the BOD’s roles
Name
and responsibilities in advancing ESG management, and the
Hankook & Company
Corporate Governance Charter was stipulated and announced
to embody our commitment to establishing, maintaining, and
developing transparent and advanced governance in May 2022.
The Charter will form the basis of our ESG management and
contribute to establishing responsible governance. Furthermore,
43.23
52.35
Largest
shareholder
Institutional
shareholders
(As of June 30, 2022)
No. of Shares
Ownership (%)
37,995,959
30.67
Hyun Bum Cho
9,581,144
7.73
Hyun Shick Cho
799,241
0.65
Shinyang Co., Ltd.
793,522
0.64
* The remaining founder & founding family ownership amounts to 3.53%.
we subscribed to an executive liability insurance plan to cover
liability exposures that our executives may face during the
Management Stock Ownership
course of their business conduct and retain competent directors
2.90
as a way to bolster the accountability of our BOD. From working-
Individual shareholders
level aspects, the Governance Committee has been up and
Category
(As of Dec. 31, 2021)
Management Item
Board-centered management
Goal
Achievements
Expanded size of the Board
Increased the number of directors from 5 to 7
(1 executive director and 1 independent director newly appointed)
●
Gender diversity of the Board
Appointed a female independent director
●
Increased expertise of the Board
Established the ESG Committee under the BOD
●
Increased accountability of directors
Subscribed to an executive liability insurance plan
●
Disclosed our ratings in the Governance area awarded by domestic/
international rating agencies
●
Disclosed the discrepancies between our current operations and
those of corporate governance best practices
●
Increased number of English disclosures
●
Reinforcement of disclosures on the
Reinforcement of governance- website
related disclosures
Proactive response to major
shareholders and institutions
Attainment
No. of
Shareholders
Ratio
No. of Shares*
Stock
Ownership
Institutional
shareholders
1,603
5.54%
64,845,136
52.35%
Individual
shareholders
27,291
94.37%
3,592,163
2.90%
24
0.08%
53,551,454
43.23%
1
0.00%
1,886,316
1.52%
28,919
100.00%
123,875,069
100.00%
Category
Largest
shareholder
Treasury
stock
Total
Registered
executive
Non-registered
executive
Name
CEO
Soo Il Lee
Chairman
Hyun Bum Cho
Honorary
Chairman
Other nonregistered
executives
Yang Rai Cho
Gyu Bong Lee
Il Lyong Jeong
Jin Gyun Jeong
Seon Woo Kim
Tae Seok Moon
Sang Geun Lee
Dae Gyu Kang
Jin Sun Park
(As of Dec. 31, 2021)
Stock Ownership
against Salary
0.34*
25.02**
* Calculated by dividing stock ownership based on the closing price (KRW 40,300) of
the last trading day of 2021 by base pay
**Calculated by dividing stock ownership based on the closing price (KRW 40,300) of
the last trading day of 2021 by the average base pay of management, excluding the
CEO (as of Dec. 31, 2021)