Dividends Overview
2019.9.30
| Name | Category | Career | Date Appointed | Term |
|---|---|---|---|---|
| Chun-sung Yoon | CEO | BS/MSc, Geology, Yonsei University Head of Coal Business Division Indonesia Region Representative Head of Resources Business Group |
2019.3.15 | 3 Years |
| Byeong-il Min | Executive Director/CFO | BA, Linguistics, Seoul National University Head of Finance Division, LG Electronics |
2019.3.15 | 2 Years |
| Jae-won Lee | Non-executive Director | BA, Political Science & International Studies, Yonsei University Head of IoT Product Division, LG U+ Head of Communication & Services Team, LG Corp. |
2019.3.15 | 2 Years |
| Woon-oh Jung | Outside Director | BA, International Economics, Seoul National University MBA, Cornell University Ph.D., Accounting, UCLA Former Chairman of the Korean Academic Society of Taxation Professor, Business School, Seoul National University |
2017.3.15 | 3 Years (Reappointed) |
| Won-woo Lee | Outside Director | LLB/LLM, Seoul National University Ph.D., Public Law, University of Hamburg Former Assistant Professor in Law, College of Social Sciences, Hallym University Former Associated Professor in Law, School of Law, Hanyang University Former Dean and Director of the Seoul National University School of Law Professor, School of Law, Seoul National University. |
2017.3.17 | 3 Years |
| Ihl-soo Yang | Outside Director | BA/MBA, Management, Yonsei University Ph.D., Management, Hongik University Partner, EJUNG·GYUL Accounting Corporation |
2019.3.15 | 3 Years |
| Eun-nyeong Heo | Outside Director | BS/MSc, Resources Engineering, Seoul National University Ph.D., Resource and Environmental Economics, Penn State University Chairman of Policy of the Korean Society of Mineral and Energy Resources Engineers President of the Korean Resource Economics Association Professor, Energy System Engineering, Seoul National University |
2019.3.15 | 3 Years (Reappointed) |
2019.1.1~2019.9.30
| Round | Date | Resolution Agenda | Outcome | Outside Director | Internal Director | Non-executive Director | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dong-wook Kim (Attendance:100%) |
Woon-oh Jung (Attendance:100%) |
Won-woo Lee (Attendance:100%) |
Eun-nyeong Heo (Attendance:100%) |
Chi-ho Song (Attendance:0%) |
Yong-hwan Park (Attendance:100%) |
Hyeon-hoei Ha (Attendance:100%) |
|||||
| Agreement and Disagreement | |||||||||||
| 1st Round | 2019.1.31 | Approval | No.1 : Approval of FY2018 financial statements and annual business report | Confirmed | Agree | Agree | Agree | Agree | Unattended | Agree | Agree |
| No.2 : Approval on the revision of the internal accounting management regulations | Confirmed | ||||||||||
| No.3 : Appointment of the nomnination committee for the outside director | Confirmed | ||||||||||
| No.4 : Approval on the relocation of the headquarters | Confirmed | ||||||||||
| No.5 : Approval on the lease agreement | Confirmed | ||||||||||
| Report | No.1 : Status report on internal accounting management regulations | - | - | - | - | - | Unattended | - | - | ||
| No.2 : Disciplinary report for exective officer | - | ||||||||||
| 2nd Round | 2019.2.22 | Approval | No.1 : Approval on convening the FY2018 Annual General Meeting of shareholders | Confirmed | Agree | Agree | Agree | Agree | Unattended | Agree | Agree |
| No.2 : Approval on the purpose of the FY2018 Annual General Meeting of shareholders | Confirmed | ||||||||||
| Report | No.1 : Report on operation of internal accounting control system | - | - | - | - | - | Unattended | - | - | ||
| No.2 : Report on operation of the compliance system | - | ||||||||||
| Round | Date | Resolution Agenda | Outcome | Outside Director | Internal Director | Non-executive Director | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Woon-oh Jung | Won-woo Lee | Ihl-soo Yang | Eun-nyeong Heo | Chun-sung Yoon | Byeong-il Min | Jae-won Lee | |||||
| (Attendance:100%) | (Attendance:100%) | (Attendance:100%) | (Attendance:100%) | (Attendance:100%) | (Attendance:100%) | (Attendance:50%) | |||||
| Agreement and Disagreement | |||||||||||
| 3rd Round | 2019.3.15 | Approval | No.1 : Appointment of the chair of the committee | Confirmed | Agree | Agree | Agree | Agree | Agree | Agree | Agree |
| No.2 : Appointment of the representative director | Confirmed | ||||||||||
| No.3 : Approval on compensation for the directors | Confirmed | ||||||||||
| No.4 : Approval on the revision of the HR management guidelines for executive officers | Confirmed | ||||||||||
| No.5 : Approval on the special bonus for executive officers | Confirmed | - (Note1) | |||||||||
| No.6 : Approval on the regulation revision for the nomination committee for an outside director | Confirmed | Agree | |||||||||
| No.7 : Member appointment for the nomination committee for the outside director | Confirmed | ||||||||||
| No.8 : Approval on the appointment of advisory directors | Confirmed | ||||||||||
| No.9 : Approval on the real-estate sales agreeement | Confirmed | - (Note1) | |||||||||
| No.10 : Approval on the self-dealing transaction of directors | Confirmed | - (Note1) | |||||||||
| 4th Round | 2019.4.22 | Approval | No.1: Approval on stake sales of Rosemont copper mine in USA | Confirmed | Agree | Agree | Agree | Agree | Agree | Agree | Unattended |
| 5th Round | 2019.5.10 | Report | No.1: Report on the management performance during the 1st quarter of 2019 | - | - | - | - | - | - | - | - |
| Approval | No.1: Approval on the investment of thermal coal mine in East Kalimantan, Indonesisa | Confirmed | Agree | Agree | Agree | Agree | Agree | Agree | Agree | ||
| No.2: Approval on the payment guarantee credit line for overseas corporations | Confirmed | ||||||||||
| No.3: Approval on the change of the basis for providing special bonuses to executive officers | Confirmed | ||||||||||
| 6th Round | 2019.8.21 | Report | No.1 : Report on the management performance during the 1st half of 2019 | - | - | - | - | - | - | - | - |
| No.2 : Report on the MPP coal mine in Indonesia | |||||||||||
| Approval | No.1 : Approval of the surety for the GAM Corporation in Indonesia | Confirmed | Agree | Agree | Agree | Agree | Agree | Agree | Agree | ||
| No. 2 : Approval to maintain the consultant commission agreement | Confirmed | ||||||||||
(Note 1) The non-exercise of voting rights for the corresponding agenda due to special interests
※ As of March 15, 2019, Director Dong-wook Kim resigned, and Independent Director Ihl-soo Yang was newly appointed as an outside director.
※ As of March 15, 2019, Director Chi-ho Song, Director Yong-hwan Park resigned, and Director Chun-sung Yoon and Director Byeong-il Min were newly appointed.
※ As of March 15, 2019, Non-Executive Director Hyeon-hoei Ha resigned and Non-Executive Director Jae-won Lee was newly appointed.
Audit Committee
2019.9.30
| Name | Career | Category |
|---|---|---|
| Woon-oh Jung | Former Chairman of the Korean Academic Society of Taxation Former Professor, Business School, Seoul National University |
Outside Director |
| Won-woo Lee | Former Professor, College of Law, Hanyang University Professor, School of Law, Seoul National University |
Outside Director |
| Ihl-soo Yang | Former Executive Director, Samil PwC Partner, EJUNG·GYUL Accounting Corporation |
Outside Director |
Status of the Audit Committee
2019.1.1~2019.9.30
| Committee | Members | Resolution | Audit Committee Members | |||||
|---|---|---|---|---|---|---|---|---|
| Date | Agenda | Outcome | Woon-oh Jung | Dong-wook Kim | Won-woo lee | |||
| (Attendance: 100%) | (Attendance: 100%) | (Attendance: 100%) | ||||||
| Agreement and Disagreement | ||||||||
| Audit Committee | The Chair: Woon-oh Jung Members: Dong-wook Kim, Won-woo Lee |
2019.1.31 | Approval | No.1: Approval on the revision of the internal accounting management regulations | Confirmed | Agree | Agree | Agree |
| Report | No.1: Approval of FY2018 financial statements and annual business report | - | - | - | - | |||
| No.2: Status report on the internal accounting management regulations | ||||||||
| No.3: Performance Evaluation for the 2nd Half of 2018 and the Planning Report for 2019 | ||||||||
| 2019.2.22 | Approval | No.1: Inspection in Operation Management of Internal Accounting Mangement Regulations | Confirmed | Agree | Agree | Agree | ||
| No.2: Inspection in Operation Management of Internal Audit Control System | ||||||||
| No.3: Approval on the Statement of Audit | ||||||||
| Committee | Members | Resolution | Audit Committee Members | |||||
|---|---|---|---|---|---|---|---|---|
| Date | Agenda | Outcome | Woon-oh Jung | Won-woo lee | Ihl-soo Yang |
|||
| (Attendance: 100%) | (Attendance: 100%) | (Attendance: 100%) | ||||||
| Agreement and Disagreement | ||||||||
| Audit Committee | The Chair: Woon-oh Jung Members: Won-woo Lee, Ihl-soo Yang |
2019.5.10 | Report | No.1: Report on the financial statements for the 1st quarter of 2019 | - | - | - | - |
| No.2: Report on evaluation of Activity Audit by external auditor | ||||||||
| 2019.8.21 | Report | No.1 : Report on the financial statements for the 1st half of 2019 | - | - | - | - | ||
| No.2 : Report on the major results of the management consultation for the 1st half of 2019 | - | - | - | - | ||||
※ Dong-wook Kim resigned as of 2019.3.15 and Ihl-soo Yang is newly appointed as the audit committee member.
Outside Director Nomination Committee
2019.9.30
| Name | Position | Category |
|---|---|---|
| Jae-won Lee | Head of IoT Product Division, LG U+ Head of Communication & Services Team, LG Corp. |
Non-executive Director |
| Ihl-soo Yang | Executive Director, Samil PwC Partner, EJUNG·GYUL Accounting Corporation |
Outside Director |
| Eun-nyeong Heo | Chairman of Policy of the Korean Society of Mineral and Energy Resources Engineers President of the Korean Resource Economics Association Professor, Energy Systems Engineering, Seoul National University |
Outside Director |
Status of the Nomination Committee for the Outside Director
2019.1.1~2019.9.30
| Committee | Members | Resolution | Non-Executive Director | Outside Director | |||
|---|---|---|---|---|---|---|---|
| Date | Agenda | Outcome | Hyeon-hoei Ha | Woon-oh Jung | Won-woo Lee | ||
| (Attendance: 100%) | (Attendance: 100%) | (Attendance: 100%) | |||||
| Agreement and Objection | |||||||
| Nomination Committee for the Outside Director | The Chair of the Committee: Hyeon-hoei Ha Members: Woon-oh Jung, Won-woo Lee |
2019.2.22 | 1. Appointment of the chair for the Committee | Confirmed | Agree | Agree | Agree |
| 2. Approval on candidates for outside directors | |||||||
※ As of 2019.2.22, the nomination committee for the outside director is comprised of director Hyeon-hoei Ha, Woon-oh Jung and Won-woo Lee.