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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.

Byung Suk Chung Independent Director Chairman of the Board of Directors
  • Position Independent Director
  • Start of term March 20, 2020
  • Expiration of term March 20, 2023
Career Experience
  • - Sep. 2020 ~ Present Emeritus Professor, Korea University of Technology and Education
  • - 2009 ~ 2020 Chair Professor of Economics, Hanyang University
  • - 2015 ~ 2019 External Expert, Samsung C&T, Governance Committee
  • - 2015 ~ 2017 Chairman, Korea Tripartite Commission, Youth Employment Committee
  • - 2006 ~ 2008 President, Korea University of Technology and Education
  • - 2004 ~ 2005 14th Vice Minister of Ministry of Labor
Philippe Cochet Independent Director Lightstone Generation LLC, Independent Director
  • Position Independent Director
  • Start of term March 19, 2021 (first appointed on March 22, 2018)
  • Expiration of term March 19, 2024
Education
  • - 1985, CESTI Supméca, France, Mechanical Engineering
    * Centre d'Etudes Supérieures de Techniques Industrielles
Career experience
  • - 2018 ~ Present Lightstone Generation LLC, Independent Director
  • - 2015 ~ 2018 GE, SVP & Chief Productivity Officer
  • - 2011 ~ 2015 Alstom, Alstom Power Thermal, President
  • - 2008 ~ 2011 Hydro Equipment Association, Chairman
  • - 2006 ~ 2011 Alstom, Hydro & Wind, Senior VP
  • - 2004 ~ 2006 Hager, Building Solutions & Services, Executive VP
  • - 2003 ~ 2004 Hager, Operations, Executive VP
Janice Lee Independent Director Advisor, Kim & Chang Law Firm
  • Position Independent Director
  • Start of term March 20, 2020
  • Expiration of term March 20, 2023
Career Experience
  • - MBA, University of Chicago
  • - AICPA, MA Accounting Cleveland State University
  • - BA, English Literature, Ewha Womans University
Career Experience
  • - 2019 ~ Present Independent Director, S-Oil
  • - 2016 ~ Present Advisor, Kim & Chang Law Firm
  • - 2014 ~ 2015 MD/Head of Mgmt Support, Standard Chartered Korea
  • - 2011 ~ 2013 MD/Head of HR & change agent, Standard Chartered Korea
  • - 2009 ~ 2010 CFO/Head of Finance, Standard Chartered Korea
  • - 2004 ~ 2008 CFO/Head of Mgmt Support, Hanaro Telecom
  • - 1999 ~ 2003 CFO/VP of Finance, Volvo Construction Equipment Korea
Sang Seung YI Independent Director Professor of Economics, Seoul National University
  • Position Independent Director
  • Start of term March 20, 2020
  • Expiration of term March 20, 2023
Education
  • - PhD, Economics, Harvard University
  • - MA, Economics , Harvard University
  • - BA, Economics, Seoul National University
Career experience
  • - 2001 ~ Present Professor of Economics, Seoul National University
  • - 2019 ~ Present Independent Director, Hyundai Motors
  • - 2016 ~ 2019 Chair/Director/Advisor, Korean Association for Organizational Studies
  • - 2015 ~ 2019 External Expert, Governance Committee, Samsung C&T
  • - 2013 ~ 2019 Independent Director, OCI
  • - 2015 ~ 2017 Member, National Economic Advisory Council
Joong Kyung Choi Independent Director GuideStar Korea, Chairman
  • Position Independent Director
  • Start of term March 19, 2021 (first term)
  • Expiration of term March 19, 2024
Education
  • - Hawaii University, PhD in Economics
  • - Seoul National University, MA in Economics
  • - Seoul National University, BA in Business Administration
Career experience
  • - 2020 ~ Present CJ ENM, Independent Director & member of the Audit Committee
  • - 2017 ~ Present Chairman, GuideStar Korea
  • - 2017 ~ 2019 Chair Professor, Korea University, Graduate School of Public Administration
  • - 2016 ~ 2020 President, KICPA
  • - 2011 The 3rd Minister of Ministry of Knowledge and Economy
  • - 2010 Senior Presidential Secretary
  • - 2008 ~ 2010 Ambassador to the Philippines
  • - 2008 Vice Minister of Ministry of Strategy & Finance
  • - 2003 ~ 2005 Head of International Finance Department, Ministry of Finance & Economy
  • - 2001 ~ 2003 Head of Secretary Office, Ministry of Finance & Economy
Jung Suk Koh President & CEO President of Samsung C&T, T&I Group
  • Position President & CEO
  • Start of term March 19, 2021 (first appointed in March 2018)
  • Expiration of term March 19, 2024
Career Experience
  • - 2018 ~ Present President of Samsung C&T, T&I Group
  • - 2016 ~ 2017 EVP, Samsung C&T, T&I Group, Corporate Planning Team
  • - 2013 ~ 2015 SVP, Samsung C&T, T&I Group, Chemicals & Materials Division
  • - 2009 ~ 2012 VP, Samsung C&T, T&I Group, Japan RHQ
Sechul Oh President & CEO President of Samsung C&T, E&C Group
  • Position President & CEO
  • Start of term March 19, 2021
  • Expiration of term March 19, 2024
Education
  • - Sungkyunkwan University / Indiana University, MBA
  • - Seoul National University, BSc in Architecture
Career experience
  • - 2020 ~ Present President of Samsung C&T, E&C Group
  • - 2016 ~ 2020 EVP, Samsung C&T, E&C Group, Plant Business Unit
  • - 2013 ~ 2015 SVP, Samsung C&T, E&C Group, Global Procurement Division
  • - 2011 ~ 2012 VP, Samsung C&T, E&C Group, Building Division
  • - 2010 VP, Samsung C&T, E&C Group, Middle East Support Team
Seunghwan Han President & CEO President of Samsung C&T, Resort Group
  • Position President & CEO
  • Start of term March 19, 2021
  • Expiration of term March 19, 2024
Career experience
  • - 2020 ~ Present President of Samsung C&T, Resort Group
    President & CEO, Samsung Welstory
  • - 2015 ~ 2020 EVP, Samsung Human Resources Development Center
  • - 2014 ~ 2015 SVP, Samsung SDS, ST Division
  • - 2010 ~ 2014 SVP, Samsung SDS, HR Team
Joonseo Lee Executive Vice President EVP, Samsung C&T, Fashion Group
  • Position Executive Vice President
  • Start of term March 19, 2021
  • Expiration of term March 19, 2024
Career experience
  • - 2020 ~ Present EVP, Samsung C&T, Fashion Group
  • - 2020 SVP, Samsung C&T, Fashion Group, Samsung Fashion Trading & Co. (Shanghai)
  • - 2015 ~ 2019 SVP, Samsung C&T, Fashion Group, Management Support & 8seconds Division
  • - 2014 ~ 2015 VP, Samsung C&T, Fashion Group, 8seconds Division
  • - 2013 ~ 2014 VP, Cheil Industries, Fashion Group, Accessories Division
  • - 2012 ~ 2013 VP, Cheil Industries, Fashion Group, Management Support & Strategy Planning
  • - 2010 ~ 2012 VP, Cheil Industries, Fashion Group, Strategy Planning

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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