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samsungcnt

  1. CORPORATE GOVERNANCE
  2. Board of Directors (BOD)
  3. Overview

Overview homeCORPORATE GOVERNANCE

Our board of directors serve the interest of the company and its shareholders by making key management decisions and working in accordance with relevant laws and the Articles of Incorporation to effectively oversee the performance of management and executives.

The board has installed and is operating several committees that help raise efficiency and provide professional expertise in their work process.

A committee resolution made within its delegated authority has the same effect as a board resolution, and all proceedings including organization, operation and authorization have to adhere to the written guidelines for each committee.

Board structure

Our board consists of nine directors; five independent directors and four executive directors, and we maintain a majority of independent directors. The independent directors are truly independent outside directors, who have no special-ties to the company, such as history of employment, business transactions, or experience as a former executive director.

Chi Hun Choi President Executive Chairman of the Board of Samsung C&T Corporation
  • Position President
  • Start of term March 22, 2018 (First term started in January 2014 at former Samsung C&T)
  • Expiration of term March 22, 2021
Career Experience
  • - 2018 ~ Present President & Executive Chairman of the Board of Samsung C&T Corporation
  • - 2014 ~ 2017 President & CEO of Samsung C&T Corporation, Engineering &Construction Group
  • - 2011 ~ 2013 President & CEO of Samsung Card
  • - 2010 President & CEO of Samsung SDI
  • - 2008 ~ 2009 President of Samsung Electronics Printing Division
  • - 2006 ~ 2007 President & Regional Executive of GE Energy for Asia Pacific (Japan)
  • - 2003 ~ 2005 President of Global Sales, Energy Services & GE Corporate Officer (US)
Young Ho Lee President & CEO President of Samsung C&T Corporation, Engineering & Construction Group
  • Position President & CEO
  • Start of term March 22, 2018 (First term started in March 2015 at former Samsung C&T)
  • Expiration of term March 22, 2021
Career Experience
  • - 2018 ~ Present President of Samsung C&T Corporation, Engineering & Construction Group
  • - 2015 ~ 2017 Executive Vice President & CFO of Samsung C&T, Head of Corporate Management Division, Engineering & Construction Group
  • - 2012 ~ 2014 Executive Vice President of Samsung C&T Corporation, E & C Group, Management Division
  • - 2011 Senior Vice President of Samsung Corporate Strategy Office, Corporate Consulting Team
  • - 2009 ~ 2010 Samsung Electronics, Audit Team/Corporate Consulting Team
Jung Suk Koh President & CEO President of Samsung C&T Corporation, Trading & Investment Group
  • Position President & CEO
  • Start of term March 22, 2018
  • Expiration of term March 22, 2021
Career Experience
  • - 2018 ~ Present President & CEO of Samsung C&T Corporation, Trading & Investment Group
  • - 2016 ~ 2017 Executive Vice President of Samsung C&T Corporation, T&I Group, Corporate Planning Team
  • - 2013 ~ 2015 Senior Vice President of Samsung C&T Corporation, T&I Group, Chemicals & Ind. Materials Division
  • - 2012 President & CEO of Samsung C&T Japan
  • - 2008 ~ 2012 Vice President of Samsung C&T Corporation, T&I Group, General Chemicals Division
Keum Yong Chung Executive Vice President & CEO Vice President & CEO of Samsung C&T Corporation, Resort Group
  • Position Executive Vice President & CEO
  • Start of term March 22, 2018
  • Expiration of term March 22, 2021
Career Experience
  • - 2018 ~ Present Vice President & CEO of Samsung C&T Corporation, Resort Group and CEO of Samsung Welstory
  • - 2017 Vice President of Samsung Welstory
  • - 2011 ~ 2014 Senior Vice President of Samsung Corporate Strategy Office, Human Resources Team
  • - 2008 ~ 2010 Vice President of Samsung Electronics, Human Resources Team
Dal Joong Chang Independent Director Professor Emeritus of Political Science at Seoul National University
  • Position Independent Director
  • Start of term March 24, 2017 (First term started in August 2014)
  • Expiration of term March 24, 2020
Education
  • - 1982, Ph.D. in Political Science, University of California at Berkeley
  • - 1971, M.A. in Political Science, Seoul National University
  • - 1969, B.A. in Political Science, Seoul National University
Career experience
  • - 1990 ~ Present Professor Emeritus of Political Science at Seoul National University
  • - 2014 ~ Present Member of Policy Advisory for Ministry of Foreign Affairs
  • - 2013 ~ 2019 Independent Director for Daelim Industries
  • - 2014 ~ 2017 Member of Presidential Committee for Unification Preparatory
  • - 2003 ~ 2007 President of Policy Evaluation Committee for Ministry of Unification
  • - 2000 ~ 2004 Member of Policy Advisory for Ministry of National Defense
  • - 1992 ~ 2008 Member of Policy Advisory for Ministry of Unification
  • - 1994 ~ 1998 Member of Press Arbitration Commission
Jea Choul Kwon Independent Director Chair-Professor of the graduate school of employment services at Suwon University.
  • Position Independent Director
  • Start of term March 24, 2017 (First term started in August 2014)
  • Expiration of term March 24, 2020
Education
  • - M.A. in Business Administration, Korea University Graduate School of Labor Studies, B.A. in Economics, Sungkyunkwan University
Career experience
  • - 2018 ~ Present Chair-Professor of the graduate school of employment services at Suwon University.
  • - 2010 ~ 2017 President of the Korea Employment Welfare Center
  • - 2007 ~ 2009 Member of the Korea Polytechnics Board of Directors
  • - 2006 ~ 2008 President of the Korea Employment Information Service
  • - 2003 ~ 2005 Labor Secretary, Presidential Secretariat
  • - 2000 ~ 2003 Labor and Civil Affairs Administrator, Presidential Secretariat
Hyun Soo Lee Independent Director Professor of Architectural Engineering at Seoul National University
  • Position Independent Director
  • Start of term March 22, 2018 (First term started in March 2012 at former Samsung C&T)
  • Expiration of term March 22, 2021
Education
  • - M.S., Ph.D. in Construction Engineering & Management, University of Michigan
  • - B.S., M.S. in Architecture, Seoul National University
Career experience
  • - 1997 ~ Present Professor of Architectural Engineering at Seoul National University
  • - 2018 ~ Present President of Architectural Institute, Korea
  • - 2012 ~ Present Member of National Academy of Engineering, Korea
  • - 2011 President of Korea Association of Procurement and Supply Management
  • - 2009 ~ 2010 President of Korea Facility Management Association
  • - 2007 ~ 2009 President of Korea Institute of Construction Engineering & Management
Chang Hyun Yun Independent Director Professor of Finance at University of Seoul
  • Position Independent Director
  • Start of term March 22, 2018 (First term started in March 2012 at former Samsung C&T)
  • Expiration of term March 22, 2021
Education
  • - 1993, Ph.D in Economics, University of Chicago
  • - 1987, M.A. in Economics, Seoul National University
  • - 1986, B.A. in Economics, Seoul National University
  • - 1984, B.S. in Physics, Seoul National University
Career experience
  • - 2005 ~ Present Professor of Finance at University of Seoul
  • - 2016 ~ 2017 President of Korean Economic Studies Association
  • - 2015 ~ 2017 President of Public Fund Management Committee
  • - 2014 ~ 2016 Member of Presidential Regulatory Reform Committee
  • - 2012 ~ 2015 President of Korea Institute of finance
  • - 2009 President of Korea Derivatives Associate
  • - 2008 ~ 2010 Secretary General of Citizens United for Better Society
Philippe Cochet Independent Director Former Senior Vice President and Chief Productivity Officer of GE
  • Position Independent Director
  • Start of term March 22, 2018
  • Expiration of term March 22, 2021
Education
  • - 1985, Mechanical engineering degree, CESTI Supméca
Career experience
  • - 2015 ~ 2017 Senior Vice President and Chief Productivity Officer of GE
  • - 2011 ~ 2015 President of Alstorm Power Thermal
  • - 2006 ~ 2011 Senior Vice President of Alstom Hydro&Wind
  • - 2008 ~ 2011 President of Hydro Equipment Association
  • - 2003 ~ 2005 Executive Vice President of Hager Building Solutions & Services
  • - 1995 ~ 2001 Global Leader of GE Medical Systems

Board appointment

All board directors must be appointed through a resolution at the general meeting of shareholders in accordance with our Articles of Incorporation, and can be reappointed again when their term expires at the general meeting.

  • The number of directors will be between three and fourteen, but a minimum of at least three independent directors will always be maintained to form a majority.
    ※ Independent directors are elected amongst the candidates recommended by the Independent Director Recommendation Committee.
  • If a vacancy occurs, unless the number falls below the number set forth by law, and there is difficulty performing business activities, the position can be left vacant until filled at the next ordinary general meeting.
  • Directors shall be elected, if a majority of the present shareholders approve, and if such majority also represents at least one fourth of the total number of issued shares with voting rights.
  • Independent directors must have expert knowledge of, or experience in, business management, economics, accounting, law or relevant technology, and must satisfy the qualification requirements specified in the Commercial Code and other relevant laws and regulations.

Board director term

Executive directors and independent directors are appointed for a three-year term.

  • In the case of a director’s term that expires after the completion of the latest fiscal year, but before the ordinary general meeting held for the new fiscal year, the term will be extended until the conclusion of the general meeting.
  • A director who has been appointed to fill a vacancy shall have the same remaining term as that of his predecessor.

Chairman of the board

The board shall appoint from among the directors a Chairman, and his term of office will expire on the same date as the expiration of his term as director.

  • If the Chairman is unable to perform his duties, the most senior director by date of appointment to the board will chair the meeting on the Chairman’s behalf. If there is more than one director who was appointed on the same date, then the chair will be chosen by seniority based on birth date.

Director independence

Director independence shall be determined by the requirements set forth by the Articles of Incorporation, the Commercial Code and other related regulations.

  • Independent directors must have expert knowledge of, or experience in, business management, economics, accounting, law or relevant technology, and must satisfy the qualifications legally required, excludes anyone who is an employee for the company or its affiliates; as defined by antitrust and fair trade regulations, has a history of being an employee within the last two years, is a major shareholder or is related to a major shareholder.

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