SKC Selected as an 'Excellent Governance Company' by Korea ESG Standards Institute

"Model of Building a Robust Governance Structure"

SKC was selected as an excellent company in the governance sector in the ESG evaluation conducted by the Korea ESG Standards Institute.

On the 5th, SKC announced that it was selected as an 'Excellent Governance Company' at the 2024 Excellent Company Awards ceremony hosted by the Korea ESG Standards Institute. The Korea ESG Standards Institute evaluates the sustainability management level of listed companies annually and awards outstanding companies. This year, a total of 13 companies were selected, including 1 honorary company, 7 companies in the governance sector, and 5 companies in the ESG sector.

SKC was recognized for its continuous efforts, such as establishing and operating a sound governance system. In 2021, SKC established an ESG Committee under the board of directors to manage mid- to long-term strategies related to environment, society, and governance, and to review major decision-making matters.

Efforts to enhance gender diversity and transparency on the board have also continued. Starting with the appointment of the first female outside director in 2021, SKC appointed additional female outside directors to achieve a 50% female ratio. Furthermore, SKC is improving governance soundness by producing an Activity Report that includes details of board activities, evaluation methods, and compensation systems.

In 2022, SKC strengthened board independence by appointing an outside director as the chairperson of the board. SKC currently composes more than half of its board members as outside directors and plans to gradually increase this ratio.

An SKC official stated, "In a rapidly changing business environment, we will build a more robust governance system and fulfill our social responsibilities as a model company."

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