Hanwha Ocean Establishes Corporate Governance Charter... "Establishing Sound and Transparent Governance"

Hanwha Ocean is establishing a 'Corporate Governance Charter' to build a sound governance structure. Through this, the company is determined to transform into a respected enterprise, secure trust from all stakeholders, and carry out sincere management activities.

Hanwha Ocean recently held a board meeting and established the Corporate Governance Charter. This is the first time Hanwha Ocean has created such a charter. Having joined the Hanwha Group on May 23, Hanwha Ocean intends to faithfully implement the Hanwha Group's ESG (Environmental, Social, and Governance) management philosophy of 'establishing a sound and transparent governance structure' through this charter. All listed companies within the Hanwha Group possess a Corporate Governance Charter.

The newly established Corporate Governance Charter includes provisions to protect shareholder rights, enhance employee welfare, and promote partnerships with suppliers, thereby fulfilling the company's social responsibilities toward stakeholders. It also emphasizes always thinking from the customer's perspective and striving to provide products that exceed customer expectations.

Additionally, the functions of specialized committees under the board of directors, such as the ESG Committee, have been strengthened. The ESG Committee, delegated authority by the board, carries out transparent and independent decision-making on relevant matters. These decisions hold the same effect as resolutions passed by the board. This is expected to further empower Hanwha Ocean's ESG management efforts.

A Hanwha Ocean representative stated, "Under the supervision of a professional and independent board of directors, we aim to enhance transparent and accountable management by the executives and do our best to promote balanced rights and interests of shareholders, customers, employees, and partners, thereby becoming a company that opens a sustainable future."

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