Hanwha Corporation and Hanwha Solutions Announce 'Corporate Governance Charter'

Commitment to Sound Governance, Protection of Shareholders' Rights, and Fair Business Practices
Hanwha Group to Announce 'Corporate Governance Charter' for All Listed Companies by Q1 Next Year

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Group is strengthening ESG (Environment, Social, Governance) management by announcing the ‘Corporate Governance Charter,’ which embodies its commitment to establishing transparent and sound governance, protecting shareholder rights, and conducting fair corporate activities.

Hanwha Corporation and Hanwha Solutions announced on the 23rd that they held board meetings and respectively established the 'Corporate Governance Charter.'

The charter of Hanwha Corporation clearly defines the authority and responsibilities of the board of directors and the audit committee to establish sound governance, and includes provisions to protect the rights and interests of various stakeholders such as shareholders, customers, partner companies, and employees.

Chapter 1 (Shareholders) includes a clause stating that "matters that bring significant changes to the company’s existence and shareholder rights shall be decided at the general shareholders' meeting in a way that maximally guarantees shareholders' rights," reflecting the commitment to protecting shareholder rights.

Chapter 2 (Board of Directors) includes a provision that "the board shall have a majority of outside directors" to enable the board to perform independent functions. Chapter 4 (Stakeholders) consists of clauses aimed at respecting and protecting the rights of various stakeholders such as shareholders and employees and faithfully fulfilling social responsibilities. The Hanwha Corporation 'Charter' is available for viewing on the Hanwha Corporation website.

Other listed companies within Hanwha Group also plan to join in establishing the ‘Corporate Governance Charter.’ Hanwha Aerospace, Hanwha Systems, Hanwha Life, Hanwha General Insurance, and Hanwha Investment & Securities are scheduled to establish and announce their ‘Corporate Governance Charter’ early next year.

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