Hyundai Capital Selected as 'Outstanding Company' at Korea Corporate Governance Service ESG Awards Ceremony

Selected as an Excellent Corporate Governance Company in the Financial Sector
Recognized for Achievements Including Establishing a Sound Internal Control System

Hyundai Capital was selected as an "Excellent Governance Company" in the financial sector at the 2021 ESG Excellent Companies Awards hosted by the Korea Corporate Governance Service. At the awards ceremony held on the 3rd, CEO Mok Jin-won (right) received a plaque of commendation from Shim In-sook, President of the Korea Corporate Governance Service, and posed for a commemorative photo.

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 6th that it was selected as the 'Excellent Governance Company' in the financial sector at the '2021 ESG Excellent Companies Awards' hosted by the Korea Corporate Governance Service (KCGS) on the 3rd.

The ESG Rating Committee of the Korea Corporate Governance Service selected a total of six companies as excellent governance companies, and Hyundai Capital is the first and only capital company to be selected as an excellent company.

To improve governance practices, Hyundai Capital established regulations allowing the audit committee to hold meetings with external auditors without the attendance of management, and strengthened the independence of internal control bodies by composing the nomination committee for executives entirely of outside directors. In addition, active committee activities such as the risk management committee upgraded the expertise of governance improvement efforts, which was highly evaluated.

A Hyundai Capital official said, "Various efforts to improve governance practices, along with the top management's commitment to building sound governance and the board of directors' active activities, were the driving forces behind this excellent company selection," adding, "We plan to take a leading role not only in governance but also in other ESG areas such as environment and social responsibility in the future."

Meanwhile, the Korea Corporate Governance Service is a leading domestic institution that conducts evaluations, research, and investigations on environmental management, social responsibility, and corporate governance. Since 2003, it has held an awards ceremony for excellent companies in the ESG sector every year to promote corporate governance improvement and corporate social responsibility (CSR). This year, governance evaluations were conducted for 894 general listed companies and 111 financial companies.

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