Board meetings are divided into regular and extraordinary sessions, with regular sessions occurring at least once every quarter and extraordinary sessions occurring frequently at the request of any director or the Audit Committee in the event of urgent matters.
The Board of Directors is the company's highest decision-making body, it possesses broad management authority and establishes the company's fundamental management policies in the best interests of the company and its shareholders.
Board Activity History
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| Session | Date | Agenda | Director Attendance | Result |
|---|---|---|---|---|
| 1 | 23.01.11 | The result of the inquiry on the mid-term and the long-term vision and growth strategy of KT&G Group | 8/8 | Reporting |
| 2 | 23.01.18 | Approving the loan for TSPM, the KT&G corporation in Indonesia (proposal) | 8/8 | Resolution |
| Approving the investment in manufacturing corporation of KT&G Kazakhstan (proposal) | 8/8 | Resolution | ||
| Partnership project plan with PMI | 8/8 | Reporting | ||
| The KT&G vision and the mid-term and the long-term growth strategy | 8/8 | Reporting | ||
| 3 | 23.01.30 | Signing of the KT&G-PMI global distribution and supply agreement (Proposal) | 8/8 | Resolution |
| Receiving the shareholder Proposals and the letters from shareholders | 8/8 | Reporting | ||
| 4 | 23.02.09 | Approving the financial statements and the statement of appropriation of retained earnings of the 36th fiscal year (2022) (proposal) | 8/8 | Resolution |
| Approving the business report of the 36th fiscal year (2022) | 8/8 | Resolution | ||
| Reporting the administrative status of the internal accounting management system in 2022 | 8/8 | Reporting | ||
| Establsihment of the Outside Director Candidates Recommendation Committee (proposal) | 8/8 | Resolution | ||
| 5 | 23.02.15 | Receiving the proposals of shareholders | 8/8 | Reporting |
| 6 | 23.02.20 | Deliberating on the eligibility of the shareholder Proposal (Proposal) | 8/8 | Resolution |
| 7 | 23.03.08 | The result of evaluating the administrative status of the internal accounting management system in 2022 | 8/8 | Reporting |
| Reporting the result of the legal compliance due diligence and the evaluation of the effectiveness in 2022 | 8/8 | Reporting | ||
| Recommending a candidates for the audit committee members (Proposal) | 8/8 | Resolution | ||
| 8 | 23.03.08 | Establishing the upper limit of the annual remuneration for directors (Proposal) | 6/6 | Resolution |
| 9 | 23.03.10 | Holding the regular general meeting of shareholders of the 36th fiscsal year (Proposal) | 8/8 | Resolution |
| 10 | 23.03.16 | The safety and health management plan in 2023 (Proposal) | 8/8 | Resolution |
| Modifying the budget of constructing the new print plant | 8/8 | Resolution | ||
| 11 | 23.04.13 | Appointing the chairperson of the board of directors (Proposal) | 8/8 | Resolution |
| Appointing committee members and committee chairpersons within the board of directors (Proposal) | 8/8 | Resolution | ||
| 12 | 23.05.11 | Settlement of the first quarter of the 37th fiscal year (2023) | 8/8 | Reporting |
| 13 | 23.08.03 | Starfield Suwon Co., Ltd, capital contributions for the 6th and 7th installments (Proposal) | 8/8 | Resolution |
| Cheongna Medipolis PFV Co., Ltd, capital contribution (Proposal) | 8/8 | Resolution | ||
| 37th Fiscal Year (2023) Semi-Annual Settlement | 8/8 | Reporting | ||
| Approval of the mid-year dividend for the 37th Fiscal Year (2023) (Proposal) | 8/8 | Resolution | ||
| Acquisition and cancellation of treasury shares (Proposal) | 8/8 | Resolution | ||
| Management issues | 8/8 | Reporting | ||
| Participation in the paid-in capital increase of Taea Industries Co., Ltd (Proposal) | 8/8 | Resolution | ||
| Corporate bond issuance plan (Proposal) | 8/8 | Resolution | ||
| 14 | 23.11.09 | 37th Fiscal Year (2023) Third Quarter Settlement | 8/8 | Reporting |
| Long-term (2024~2026) shareholder return plan | 8/8 | Reporting | ||
| Approval of new loans and extension of existing loans for KT&G Indonesia (TSPM) (Proposal) | 8/8 | Resolution | ||
| Approval of investment in KT&G's manufacturing subsidiary in Kazakhstan (Proposal) | 8/8 | Resolution | ||
| Extension of the deposit period for KT&G-IBK Mutual Growth Cooperation Loan Fund (Proposal) | 8/8 | Resolution | ||
| 15 | 23.12.07 | Long-term management strategy and 2024 business plan (Proposal) | 8/8 | Resolution |
| 2024 budget (Proposal) | 8/8 | Resolution | ||
| Enhancement of governance structure and amendment of regulations due to committee name change (Proposal) | 8/8 | Resolution | ||
| Receipt of shareholder letters | 8/8 | Reporting | ||
| 2023 Board of Directors activity evaluation plan (Proposal) | 8/8 | Resolution | ||
| 16 | 23.12.28 | Presidential candidate evaluation criteria (Proposal) | 6/6 | Resolution |