KCC Glass Establishes 'Outside Director Candidate Recommendation Committee' to Strengthen ESG Management

Accelerating Operation of Renewable Energy Power Facilities and Housing Environment Improvement Projects for Socially Vulnerable Groups

[Asia Economy Reporter Kim Jong-hwa] KCC Glass has established an Outside Director Candidate Recommendation Committee to strengthen ESG management by enhancing management transparency.

On the 26th, KCC Glass held the 1st regular general shareholders' meeting at its headquarters in Jamwon-dong, Seocho-gu, Seoul, and approved an agenda to establish the Outside Director Candidate Recommendation Committee through amendments to the articles of incorporation. With this amendment, KCC Glass plans to hold the Outside Director Candidate Recommendation Committee to ensure transparency and independence in recommending outside director candidates.

Although the installation of an Outside Director Candidate Recommendation Committee is not mandatory for companies with total assets under 2 trillion won under the Commercial Act, KCC Glass voluntarily decided to establish it through the first regular shareholders' meeting to enhance management transparency.

KCC Glass plans to lay the foundation for sustainable ESG (Environmental, Social, Governance) management through the establishment of the Outside Director Candidate Recommendation Committee. Since its establishment last year, KCC Glass has focused on pursuing value management, creative management, trust management, and environmentally friendly management that satisfy customers, shareholders, society, and corporate members alike.

In addition to efforts to improve governance and management transparency, KCC Glass is significantly contributing to low-carbon green growth by operating power generation facilities using renewable energy such as waste heat from factories and solar power. It is also accelerating projects to improve housing environments for socially vulnerable groups in partnership with Korea Habitat and Hope Love House.

Meanwhile, through this regular shareholders' meeting, KCC Glass approved agendas including partial amendments to the articles of incorporation and approval of directors' remuneration, with dividends confirmed at 2,100 won per share.

Kim Nae-hwan, CEO of KCC Glass, stated, "We will firmly establish ourselves as a glass and interior specialist company by strengthening customer- and market-centered management activities and advancing digital marketing capabilities."

This content was produced with the assistance of AI translation services.