To effectively perform its management supervisory function and make independent decisions, the Board of Directors is composed primarily of independent directors.
Currently, the Board of Directors is comprised of eight directors: two executive directors and six independent directors. Within the Board there are five standing committees: the Governance, Evaluation and compensation, Management, Sustainability, and Audit Committees, as well as non-standing committees such as the Independent Directors Nomination Committee and the CEO Nomination Committee.
The Board capitalizes on each director's expertise and is structured in such a way that it facilitates more effective and thoughtful discussion and decision-making by establishing committee roles within the Board.
Board of Directors
Lim, Min-kyu
Director Since: 2021 | Independent Director
Career Highlights
- · CEO (President), SK Materials
- · CEO (President), OCI Materials
- · Vice President, Samsung C&T Petrochemical Business Division
Kim, Myung-chul
Director Since: 2020 | Independent Director
Career Highlights
- · (Current) SEE (Space Entertainment Enterprise) Advisor
- · CFO (Vice President), u.Life Solutions
- · President, Shinhan Bank of America
- · CFO (Managing Director), Shinhan Financial Group
Baek, Jong-soo
Director Since: 2018 | Independent Director
Career Highlights
- · (Current) Partner Lawyer, DongIn Law Group
- · Legal advisor, Korea Housing and Urban Guarantee Co., Ltd.
- · Prosecutor, Busan Prosecutors' Office
- · Tax/Legal Advisor, Seoul National Tax Service
Koh, Yun-sung
Director Since: 2020 | Independent Director
Career Highlights
- · (Current) Professor, Hankuk University of Foreign Studies
- · Director, the Korean Accounting Association
- · Director, the Korea Tax Association
- · Executive Director, the Korea Accounting Information Association
Shon, Kwan-soo
Director Since: 2022 | Independent Director
Career Highlights
- · (Current) President, Korea Automobile Racing Association
- · Full-time advisor, CJ Logistics
- · Co-CEO, CJ Logistics
- · Director, CJ Human Resources
Lee, Jee-hee
Director Since: 2022 | Independent Director
Career Highlights
- · (Current) CEO of W Camp
- · CEO, W Works
- · Adjunct Professor, Department of Advertising, Chung-Ang University
- · Co-CEO, Post Visual
Bang, Kyung-man
Director Since: 2021 | CEO
Career Highlights
- · (Current) CEO (President), KT&G
- · COO, KT&G
- · CBO / Chief of Strategy HQ, KT&G
- · Chief of Strategy HQ / Chief of Global HQ, KT&G
KT&G Board Skills Matrix
Experience and expertise | Lim, Min-kyu | Kim, Myung-chul | Baek, Jong-soo | Koh, Yun-sung | Shon, Kwan-soo | Lee, Jee-hee | Bang, Kyung-man |
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Leadership (8/8) |
해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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CEO Experience (5/8) |
해당됨
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해당됨
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해당됨
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해당됨
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CFO Experience (3/8) |
해당됨
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해당됨
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Business Operations (6/8) |
해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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Manufacturing (3/8) |
해당됨
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해당됨
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Supply Chain (1/8) |
해당됨
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Finance /Accounting (2/8) |
해당됨
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해당됨
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Risk Management (8/8) |
해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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Global Business (5/8) |
해당됨
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해당됨
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해당됨
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해당됨
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ESG Strategy (4/8) |
해당됨
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해당됨
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해당됨
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M&A (4/8) |
해당됨
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해당됨
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해당됨
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Marketing/PR /Consumer (3/8) |
해당됨
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해당됨
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Legal/ Regulatory (1/8) |
해당됨
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Term | 2021.03.20 ~ 2024 AGM |
2020.04.01 ~ 2026 AGM |
2018.03.20 ~ 2024 AGM |
2020.04.01 ~ 2026 AGM |
2022.03.30 ~ 2025 AGM |
2022.03.30 ~ 2025 AGM |
2024.03.29 ~ 2027 AGM |
Independence (75%) |
해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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해당됨
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Gender Diversity (Female ratio 12.5%) |
Male | Male | Male | Male | Male | Female | Male |
Leadership |
Significant leadership experience with understanding of complex global organizations, strategy, risk management, and how to drive change and growth.
100%
|
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Business |
Experience of operating businesses as a CEO
75%
|
Manufacturing |
As a vertically integrated company, manufacturing experience is important to understanding production efficiency and capital needs of the company.
37.5%
|
Supply Chain |
Directors with expertise in the management of the upstream and downstream relationships with suppliers and customers provide important perspectives in achieving efficient operations.
12.5%
|
Finance |
Leadership of a financial firm or management of the finance function of an enterprise, resulting in proficiency in complex financial management, capital allocation, and financial reporting processes.
25%
|
Risk |
Directors with experience in risk management and oversight, including business environmental, legal, and financial issues, play an important role in the Board's oversight of risks.
100%
|
Global |
Experience driving business success in markets around the world, with an understanding of diverse business environments, economic conditions, cultures, and regulatory frameworks, and a broad perspective on global market opportunities.
62.5%
|
ESG Strategy |
Experience and expertise in environmental management, social responsibility management, and corporate governance
50%
|
M&A |
A history of leading growth through acquisitions and other business combinations with the ability to assess merger and acquisition decisions, analyze the fit of a target with a company's strategy and culture, accurately value transactions, and evaluate operational integration plans.
50%
|
Marketing/PR/ |
Directors with marketing expertise provide important perspectives on developing new market based on increasing market share, expanding brand awareness, and managing corporate brand identity.
37.5%
|
Legal/ |
Expertise in industry-related laws/regulations
12.5%
|
KT&G Board Committees
Governance Committee
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PurposeDecision-making on the overall corporate governance structure
-
Authority
- - Board and Committee Operating Standards and matters related to their improvement
- - Matters related to the succession of the President (establishment and operation of the training program, composition candidates for the presidency, recommendation of candidates for examination, proposal of examination criteria, etc.)
- - Suggestion of criteria for screening independent director candidates
- - Determination of screening criteria and qualification screening for executive director candidates
Evaluation and Compensation Committee
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PurposeDecision-making regarding employee management evaluation and compensation Authority
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Authority
- - CEO candidate management contracts (management goal setting, etc.)
- - CEO metric/non-metric performance monitoring
- - Change of evaluation index/weight of management contracts
- - Decision-making on CEO management evaluation/compensation
- - Deliberation of remuneration/severance pay for executive directors such as the CEO
- - Decision-making on remuneration/severance pay for management executives
- - Decision-making on employee remuneration/severance pay in conjunction with budget increase
Management Committee
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PurposeDecision-making on business activities and investment below the reference amount of Board resolutions.
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Authority
- - Decision-making on matters related to daily business activities
- - Decision-making on investment below the reference amount determined by the Board of Directors
Sustainability Committee
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PurposeEstablishment of basic ESG policy and strategies, mid- to long-term goal setting
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Authority
- - Establishment of basic ESG policy and strategies
- - ESG mid- to long-term goal setting
- - Publication of KT&G reports
- - Matters related to ESG management implementation
- - Matters related to the occurrence and response to significant risks related to ESG
Audit Committee
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PurposeHaving the oversight responsibility over risks associated with the company’s auditing of accounting and finance.
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Authority
- - Settlement review
- - Corporate financial soundness/feasibility review
- - Review the feasibility of changing important accounting standards/accounting estimates
- - Evaluation of internal control system
- - Request to convene extraordinary general meetings of shareholders and extraordinary meetings of the Board
- - Appointment/dismissal of external auditors
- - Evaluation of audits by external auditors
- - Consent to appointment and dismissal of the head of the Internal Audit Dept.
- - Revision of audit committee operation regulations
Independent Director Nomination Committee
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PurposeEstablished for the recommendation of independent director candidates
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Authority
- - Qualification screening and recommendation of independent director candidates
- - Other matters delegated by the Board
CEO Nomination Committee
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PurposeEstablished for the purpose of nominating candidates of CEO (President).
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Authority
- - Search, screening, and recommendation of candidates for presidency
- - Other matters necessary for the search, examination, and recommendation of candidates for presidency