Samyang Foods Inc. full of love and happiness
Sustainable Management Samyang Foods pursues sustainable management by fulfilling social responsibilities and establishing a transparent and fair governance.
Governance
Compliance with the Best Practices of Corporate Governance
| Recommendations on Best Practices of Corporate Governance | Status | Note |
|---|---|---|
| Separation of the CEO and head of the Board of Directors or the appointment of a senior non-executive director | Introduced | |
| Announcement of the details of the Board’s activities, the Board’s attendance rate, and disclosure of pros and cons of major agendas | Introduced | |
| Composition of committee for the recommendation of non-executive directors | Introduced | |
| Composition of the Compensation Committee | Introduced | |
| Announcement of whether the Audit Committee is fully composed of Non-executive Directors | Introduced | |
| Introduction of regulations regarding the Board of Directors, the role of each committee, and operational procedures | Introduced | |
| Joining of compensation liability insurance for directors at the company’s expense | Introduced | |
| Maintenance of the independence of external auditors | Introduced | |
| Explanation of differences with exemplary criterion | Introduced | |
| Explanation of differences with corporate governance exemplary criterion | Introduced |
ESG (Environment, Society, Governance) Evaluation Rating Grade Status
Samyang Foods has received the general grade of follows.A in Korea Institute of Corporate Governance and Sustainability(KCGS)'S 2023 governance evaluation, and the scores for each area are as follows.
| Category | ESG general grade | E (Environment) grade | S (Society) grade | G (Governance) grade |
|---|---|---|---|---|
| Evaluation results | A | A | A+ | A |
- ESG evaluation : ESG ratings enable capital market participants to more intuitively identify the level of possible Risk related to the ESG of listed companies.
It also allows them to conduct annual evaluation for the purpose of supporting decision-making for investment.
Corporate Governance Charter
Samyang Foods has created and continues to carry out a corporate governance structure charter containing the will to create a honest, transparent governance and maintain responsibility towards society.
104, Opaesan-ro 3-gil, Seongbuk-gu, Seoul, Korea | Samyang Foods Inc.
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