Board of Directors

Together with the board of directors, we practice transparent and responsible management.

Composition of the Board of Directors

The board of directors has a total of 4 members, with 3 executive directors, 1 nonexecutive director and the chairman of the board is the CEO.

in order to secure the independence of nonexecutive directors, we have complied with the qualification restriction standards of the relevant laws

The company limits the qualifications of directors to those with extensive expertise and experience in the related field, and reviews not to appoint those responsible for undermining corporate value or violating shareholder rights and interests.

Configuration Status

[ ● : Chairperson, Chairman ]

Classification	Name (Gender)	Date of First Appointment	Expected Date of Term Expiration	Field of Activity	Major career	Board of Directors
Executive Directors (3)	Chang Sae-Joo(male)	23.06.01	25.03	Chairman	Chairman of Dongkuk Steel	○
	Chang Sae-wook(male)	00.03.17	26.03	CEO Vice Chairman	CEO of Dongkuk Steel	●
	Kwak Jin-soo(male)	20.03.20	26.03	Head of Strategy Office	Head of Dongkuk Steel Strategy Office	○
Nonexecutive Directors (1)	Chung Jin-Yeong(male)	23.06.01	25.03	Legal advice	Attorney of Kim&Chang Law firm	○

Board Skills Matrix

구분	Chang Sae-Joo	Chang Sae-wook	Kwak Jin-soo	Chung Jin-Yeong
Leadership	●	●	●	●
- CEO Experience	●	●
- CFO Experience			●
Business Operations · Marketing	●	●	●
Manufacturing · R&D	●	●	●
Finance · Accounting	●	●	●
Legal · Regulatory				●
Gender	Male	Male	Male	Male

Management of Board of Directors

The board of directors is divided into temporary and regular board of directors. The regular board meeting is held on a schedule set at the beginning of the year, and is not held unless there is an agenda to be resolved on the same day. The temporary board meetings are held on an irregular basis when necessary.

Nonexecutive directors can be recruited from outside experts if necessary, and directors' liability insurance is covered at the company's expense. In addition, according to our company, the approval of financial statements and the decision on profit distribution are required to be approved at the general shareholders' meeting.
※ Article 3 (Authority) of the Regulations of the Board of Directors, Article 7 (Types) of the Regulations of the Board of Directors, Article 42 (Preparation and Keeping of Financial Statements and Business Reports, etc.) of the Articles of Incorporation

Classification	Number of Board Meetings			Average Attendance at the Board of Directors
Classification	Regular Board of Directors	Temporary Board of Directors	Total	Executive Director Attendance Rate	Nonexecutive Director Attendance Rate	Total
2023	8	13	21	94%	100%	97%
2022	7	24	31	78%	93%	87%
2021	4	24	28	88%	93%	91%
2020	9	19	28	95%	96%	96%

Governance