본문 바로가기

samsungcnt

Management Committee homeCORPORATE GOVERNANCE

The Management Committee deliberates and makes decisions on issues commissioned by the board to enhance expertise and efficiency in execution of business in accordance with the board guidelines and Articles of Incorporation. The Management Committee may also manage and supervise the execution of the company for matters that have been deliberated and decided by the committee.

Composition

The Management Committee shall comprise at least two but no more than nine executive directors, who are appointed by a board resolution, in accordance with relevant laws and regulations.Currently, the committee consists of three executive directors, and is chaired by executive director Young Ho Lee.

Management Committee members
Management Committee members
Young Ho Lee (Chair) Jung Suk Koh Keum Yong Chung

Operation

The Management Committee will convene, whenever deemed necessary

  • The convening of meetings, method of resolution, and opinion seeking and all other operation details will be determined by the Management Committee guidelines.

Major items for deliberation

  • Basic operating principle and policies
  • Development of important new business or product
  • Open, transfer or close of new local office or subsidiary
  • Conclusion of technology inducement agreement, technology transfer, and technological partnership
  • Award or conclusion of new contract, termination or conclusion of new sales agency agreement or supply contract
  • Purchase or sale of tangible asset, conclusion of loan contract, equity investment or sale of equity investment in other company
  • Enter litigation, compromise, or other

Committee Activities

Committee Activities
Event date Agendas Approved Attendance
2019. 05. 22 1. HQ Borrowing and Guarantee for Overseas Subsidiary Approved -
2019. 04. 11 1. Approval of Donation to an External Organization Approved -
2019. 03. 20 1. Issue regarding Samsung C&T's equity commitment to mixed-use building PJT at the northern area of Seoul Railway Station Approved -
2019. 03. 18 1. Bidding for the Dhaka Airport in Bangladesh Approved -
2. Headquarters' guarantee of debt payment of Samsung C&T India Private Limited Approved
2019. 02. 27 1. Sale of E&C’s Share of Rabigh 2 IPP Approved -
2. HQ Borrowing and Guarantee for Overseas Subsidiary Approved
2019. 01. 23 1. Sale of Stakes in Han All Co., Ltd (Sacheon CC) Approved -
2. Disbursement of Donations to External Organizations Approved
3. 2018 Perfomance Incentive Payment Approved
Committee Activities
Event date Agendas Approved Attendance
2018. 12. 19 1. Increase of Capital in Overseas Subsidiaries Approved -
2. Report on the Company's Performance Evaluation and Incentive Payment for 2nd half 2018 Approved
2018. 11. 23 1. Additional Investment into the Turkey Gaziantep Healthcare Project Approved -
2. Liquidation of Subsidiary Approved
3. HQ Borrowing and Guarantee for Overseas Subsidiary Approved
4. Approval of Donation to an External Organization Approved
2018. 10. 24 1. Approval of bidding for Magnama CCPP in Bangladesh Approved -
2. Approval of bidding for Taweelah IPP in UAE Approved
2018. 09. 19 1. Approval of Payment Guarantees and Loans for Residential Complex Renewal Project Approved -
2. Approval of Additional Financing Loans needed for the Urban Development Project of the Songdo Station Sphere Approved
3. Approval of Bidding for the WestConnex 3b Project in Australia Approved
2018. 08. 30 1. Disposal of Bulgaria Solar PJT (43MW) Equity Shares Approved -
2. Disposal of Seocho Office Building Approved
3. HQ Borrowing and Guarantee for Overseas Subsidiary Approved
2018. 08. 10 1. Approval for opening a new credit line for new issuance of WCX3a bank guarantees/securities Approved -
2. Donation to Laos disaster relief by E&C Approved
2018. 07. 25 1. Approval of Additional Investment & Bond Guarantee for Dongducheon CCPP E&C Group Approved -
2. Approval for Junior C&T Academy Operation Budget Approved
2018. 07. 04 1. The Company's performance evaluation and incentive payment for the first half of 2018 Approved -
2018. 05. 16 1. Approval of Equity Investment under Financial Agreement and Contract Execution for Gangneung Ahnin CFPP, E&C Group Approved -
2. Approval of HQ Borrowing and Guarantee for Overseas Subsidiary Approved
2018. 04. 25 1. Measure to increase capital for overseas subsidiaries and extension of loan gaurantee Approved -
2. Measure to approve the contribution to the Foundation for Overseas Resources Development Approved
3. Measure to approve facility investment for integrated logistics center construction Approved
2018. 02. 28 1. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved -
2018. 02. 14 1. Measure to approve bidding for the India marine bridge project Approved -
2018. 01. 31 1. Measure to extend and increase the guarantee for the India subsidiary Approved -
2018. 01. 24 1. Measure to approve the contract for housing projects and providing guarantee for maintenance business Approved -
2. Measure to approve bidding for the the Shinahn Line double track train project Approved
3. Measure to exectute incentive payment for 2017 Approved
4. Measure to execute financial donations Approved
5. Measure to dispose of the Geumcheon Logistics Center Approved
2018. 01. 02 1. Measure to approve the provisional contract for the subcontract of the Gangneung Ahnin CFPP Approved -
Committee Activities
Event date Agendas Approved Attendance
2017. 12. 19 1. Measure for the company's performance evaluation and incentive payment for the second half of 2017 Approved -
2. Measure to execute financial donations Approved
2017. 11. 13 1. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved -
2017. 10. 19 1. Measure to tender for the Singapore Tekong polder project Approved -
2. Measure to tender for the Australia WestConnex 3A project Approved
3. Measure to approve extension of payment guarantees on the Gangdong complex development project Approved
4. Measure to sell a stake of the solar power project in Ontario, Canada Approved
5. Measure to sell a US offshore oil field and liquidate a subsidiary Approved
2017. 09. 20 1. Measure to file an arbitration request for Qatar Doha metro project Approved -
2. Measure to tender for the Hong Kong Tung Chung reclamation project Approved
3. Measure to execute financial donations Approved
2017. 09. 06 1. Measure to provide HQ guarantees to Canada subsidiary Approved -
2017. 08. 25 1. Measure to tender for the Singapore tunnel corridor project Approved -
2. Measure to open the Bangladesh branch Approved
2017. 08. 16 1. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved -
2017. 07. 26 1. Measure to provide HQ guarantees to India subsidiary Approved -
2017. 07. 03 1. Measure for the company's performance evaluation and incentive payment for the first half of 2017 Approved -
2017. 06. 27 1. Measure to provide loan and payment guarantees on housing renovation projects Approved -
2. Measure for payment of the 4th long-term incentives Approved
2017. 05. 19 1. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved -
2017. 04. 26 1. Measure to tender for the Singapore wharf project Approved -
2. Measure to provide HQ guarantees to UK subsidiary Approved
2017. 04. 13 1. Measure to tender for the Sri Lanka power plant IPP project Approved -
2. Measure to execute the 1st round of 2017 financial donations Approved
2017. 03. 20 1. Measure to file an arbitration request for Rabigh2 power plant project against client Approved -
2. Measure to approve loan to housing co-op for housing renovation and repair projects Approved
3. Measure to increase credit guarantee limit on Roy Hill project Approved
2017. 02. 14 1. Measure to tender for the Sri Lanka airport expansion project Approved -
2. Measure to approve loan to housing co-op for housing renovation and repair project Approved
3. Measure to conditionally withdraw cancellation of construction contract on Balkhash power plant project Approved
4. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved
2017. 02. 03 1. Measure to sign a deed of settlement for Roy Hill project with the client Approved -
2017. 01. 23 1. Measure to sign a conditional guarantee contract on Balkhash power plant project Approved -
Committee Activities
Event date Agendas Approved Attendance
2016. 11. 22 1. Measure to withdraw the Chile branch Approved -
2. Measure to sell of the Nonhyeondong building Approved
3. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved
2016. 10. 18 1. Measure to sell a stake in Busan Newport Approved -
2. Measure to reduce capital and provide guarantees on the solar power business in Bulgaria Approved
2016. 08. 29 1. Measure to change a schedule to exercise a put option and to cancel a construction contract on Kazakhstan Balkhash power plant project Approved -
2016. 08. 26 1. Measure to exercise a put option on Kazakhstan Balkhash power plant project Approved -
2. Measure to cancel a construction contract on Kazakhstan Balkhash power plant project Approved
2016. 08. 22 1. Measure to provide payment guarantees on housing renovation projects Approved -
2. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved
2016. 06. 27 1. Measure to make an equity investment on Turkey Gaziantep project Approved -
2016. 06. 22 1. Measure to sell off a stake of the wind farm in Ontario Approved -
2. Measure to cancel a construction contract on Yeouido PARC 1 project Approved
3. Measure to liquidate a subsidiary in Brazil Approved
2016. 06. 01 1. Measure to increase loan to housing co-op for housing renovation and repair projects Approved -
2. Measure to provide performance guarantees on US offshore oil field project Approved
3. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved
4. Measure to change the location of the head office Approved
2016. 04. 27 1. Measure to change liquidator of the Taiwan branch Approved -
2. Measure to exit Chile copper refining project Approved
2016. 03. 30 1. Measure to provide HQ guarantees to UK subsidiary Approved -
2. Measure to provide payment guarantees on housing renovation projects Approved
3. Measure to establish a subsidiary in China Approved
2016. 03. 11 1. Measure to respond to shareholders who disagreed with the stock purchase price Approved -
2016. 02. 29 1. Measure to amend disposal of stake conditions of Samsung Fine Chemical Approved -
2016. 02. 24 1. Measure to cancel a subcontract agreement Approved -
2. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved
3. Measure to respond to shareholders who disagreed with the stock purchase price Approved
2016. 01. 20 1. Measure to pay long-term performance incentives Approved -
2016. 01. 18 1. Measure in relation to mediation request with the commissioning entity Approved -
2016. 01. 06 1. Measure in relation to performance guarantees for Malaysian RAPID project Approved -
Committee Activities
Event date Agendas Approved Attendance
2015. 12. 30 1. Measure in relation to performance guarantees for Malaysian RAPID project Pending -
2015. 12. 16 1. Measure to revise country club bylaws Approved -
2. Measure in relation to HQ borrowing and HQ guarantees on overseas offices Approved
2015. 11. 27 1. Measure to respond to shareholders who disagreed with the stock purchase price Approved -
2015. 11. 18 1. Measure to approve extension of performance guarantees with Korea Eximbank Approved -
2. Measure to provide payment guarantees to housing renovation projects Approved
2015. 10. 30 1. Measure to sell a stake in Samsung Fine Chemical Approved -
2015. 10. 16 1. Measure to change business model for Ontario's third-stage solar power project Approved -
2. Measure to sign a subcontract agreement with Australia's WestConnex M5E Approved
2015. 10. 14 1. Measure to change business model for Ontario's third-stage solar power project Pending -
2. Measure to sign a subcontract agreement with Australia's WestConnex M5E Pending
3. Measure to provide payment guarantees on housing renovation projects Approved
4. Measure to open a new branch office and replace the branch head Approved
2015. 09. 11 1. Measure to respond to shareholders who disagreed with the stock purchase price Approved -

Related Information