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IR

Management
Information

Articles of Incorporation Public Disclosure
Policy Corporate
Governance Audit System Outside Director Nominee Recommendation Committee Corporate Governance & Communications Committee

Board of Directors

table
Classification Title
(Employment Status)		 Name Appointment Date Tenure Duty Liability Insurance
Inside Director President Kyoo Bok Lee 2023.01.26 3 years CEO, BoD Chairman O
Senior Vice President Byung Kag Yoo 2023.03.29 3 years Planning & Business Administration O
Outside Director Director Yoon Jin Yoon 2024.03.20 3 years Mobility Consulting O
Director Ho Geun Lee 2024.03.20 3 years Business Administration Consulting O
Director Myeong Hyeon Cho 2024.03.20 3 years Corporate Governance Consulting O
Director Sung Hee Han 2023.03.29 3 years Tax Consulting O
Director Hyun Man Choi 2024.03.20 3 years Shareholder's Rights Protection O
Other Non-Standing Director Director Jan Eyvin Wang 2022.03.23 3 years Shipping / Int’l Logistics Consulting O
Director Tanaka Jonathan Maswoswe 2024.03.20 3 years Business Administration Consulting O

Board Skill Matrix

Board Skill Matrix
Category Inside Director Non-Standing Director Outside Director
Kyoo Bok
Lee		 Byung Kag
Yoo		 Jan Eyvin
Wang		 Tanaka
Jonathan
Maswoswe		 Yoon Jin
Yoon		 Ho Geun
Lee		 Myeong Hyeon
Cho		 Hyun Man
Choi		 Sung Hee
Han
Skills
Index		 Leadership
9/9		 ● ● ● ● ● ● ● ● ●
Accounting/
Finance/
Management
8/9		 ● ● ● ● ● ● ● ●
Industry/
Technology
5/9		 ● ● ● ● ●
Law/Policy
6/9		 ● ● ● ● ● ●
Global
Competency
9/9		 ● ● ● ● ● ● ● ● ●
ESG
7/9		 ● ● ● ● ● ● ●
Diversity
Index		 Appointment
Year		 2023 2023 2010 2024 2021 2021 2021 2024 2023
Birth Year 1968 1967 1956 1984 1972 1960 1964 1961 1961
Gender Male Male Male Male Female Male Male Male Male
Nationality Korea Korea Norway U.S. Korea Korea Korea Korea Korea

Operation Status

table
Classification Date Agendas Approval
Status
2024 6th
Meeting		 2024-10-31 1. Business Results for 3rd Quarter of 2024
2. Approval for Large-scale Intra-group Transaction
3. For the acquisition of Compliance Management System (ISO 37301), Establishment of the policy for compliance and anti-corruption 		○
2024 5th
Meeting		 2024-07-25 1. Business Results for 2nd Quarter of 2024
2. Approval for Large-scale Intra-group Transaction
3. Appointment of Compliance Officer 		○
2024 2nd
Extraordinary
Meeting		 2024-06-28 1. Approval for Mid-to-Long Term Strategy
2. Approval for Dividend Policy (FY2025~2027)
3. Approval for Capitalization of Reserves (Bonus Issue of Shares) 		○
2024 1st
Extraordinary
Meeting		 2024-05-30 1. Preliminary Report regarding 2024 CEO Investor Day
2024 4th
Meeting		 2024-04-25 1. Approval for Investment in Equity
2. Business Results for 1st Quarter of 2024
3. Vessel Investment
4. Approval for Large-scale Intra-group Transaction
5. Appointment of Compliance Officer 		○
2024 3rd
Meeting		 2024-03-20 1. Appointment of Board of Directors Chairman
2. Appointment of Outside Directors Recommendation Committee Member (Re-appointment_Ho Geun Lee)
3. Appointment of Outside Directors Recommendation Committee Member (Re-appointment_Myeong Hyeon Cho)
4. Appointment of Outside Directors Recommendation Committee Member (New Appointment_Hyun Man Choi)
5. Appointment of Corporate Governance and Communications Committee Member (Re-appointment_Yoonjin Yoon)
6. Appointment of Corporate Governance and Communications Committee Member (Re-appointment_Ho Geun Lee)
7. Appointment of Corporate Governance and Communications Committee Member (Re-appointment_Myeong Hyeon Cho)
8. Appointment of Corporate Governance and Communications Committee Member (New Appointment_Hyun Man Choi) 		○
2024 2nd
Meeting		 2024-02-16 1. Partial Amendment to the Articles of Incorporation
2. Convening of the 23rd Annual General Meeting & Approval of AGM Agendas
3. Approval for Transaction Ceiling with Stakeholder & Person with a Special Relationship
4. Approval for Large-scale Intra-group Transaction
5. Vessel Refinancing 		○
2024 1st
Meeting		 2024-01-25 1. Approval for the 23rd Financial Statement & Business Report
2. Decision on Cash Dividends and Approval for Statement of Appropriation of Retained Earning
3. Decision on Record Date
4. Approval for 2024 Business Plan
5. Approval for Safety and Health Management Plan of 2024 		○
2023 3rd
Extraordinary
Meeting		 2023-12-12 1. Establishment of Overseas Joint Venture Subsidiary ○
2023 7th
Meeting		 2023-11-30 1. Capital Increase of Overseas Subsidiary ○
2023 6th
Meeting		 2023-10-26 1. Business Results for 3rd Quarter of 2023
2. Approval for Large-scale Intra-group Transaction
3. Abolition of Branch Office
4. Vessel Investment
○
2023 5th
Meeting		 2023-07-27 1. Business Results for 2nd Quarter of 2023
2. Approval for Large-scale Intra-group Transaction
○
2023 2nd
Extraordinary
Meeting		 2023-06-08 1. Equity Investment
○
2023 4th
Meeting		 2023-04-27 1. Business Results for 1st Quarter of 2023
2. Approval for Large-scale Intra-group Transaction 		○
2023 3rd
Meeting		 2023-03-29 1. Appointment of Board of Directors Chairman
2. Appointment of CEO
3. Appointment of Outside Directors Recommendation Committee Member
4. Appointment of Corporate Governance and Communications Committee Member 		○
2023 2nd
Meeting		 2023-02-28 1. Partial Amendment to the Articles of Incorporation
2. Convening of the 22nd Annual Shareholders’ Meeting & Approval of AGM Agendas
3. Approval for Transaction Ceiling with Stakeholder & Person with a Special Relationship
4. Approval of Large Scale Intragroup Transaction
5. Appointment of Compliance Officer 		○
2023 1st
Meeting		 2023-01-30 1. Approval for 22nd Financial Statement & Business Report
2. Approval for 2023 Business Plan
3. Approval for Dividend Policy
4. Decision on Cash Dividends and Approval for Statement of Appropriation of Retained Earning
5. Approval for Safety and Health Management Plan of 2023 		○
2023 1st
Extraordinary
Meeting		 2023-01-26 1. Appointment of Chief Executive Officer
2. Appointment of Temporary Chairman of Board of Directors 		○
2022 3rd
Extraordinary
Meeting		 2022-12-09 1. Convening of 2023 Extraordinary General Meeting of Shareholders
& Approval of EGM Agenda		 ○
2022 7th
Meeting		 2022-11-25 1. Report on Progress of ESG
2. Report on Operation Status of Internal Control System
3. Report on Audit Activities and Planning by Internal Audit Department
4. Report on Non-Audit Service Contract with External Auditor
5. Decrease in Acquisition and Transfer of Contracted Freight Vehicles 		○
2022 6th
Meeting		 2022-10-28 1. Business Results for 3rd Quarter of 2022
2. Approval of Large Scale Intragroup Transaction
3. Approval of Large Scale Intragroup Transaction
4. Establishment of Branch Office 		○
2022 2nd
Extraordinary
Meeting		 2022-08-29 1. Approval for Investment in Equity ○
2022 5th Meeting 2022-07-28 1. Business Results for 2nd Quarter of 2022
2. Approval of Large Scale Intragroup Transaction
3. Establishment of Branch Office
4. Establishment of Branch Office
5. Establishment of Logistics Center at Incheon Airport 		○
2022 4th
Meeting		 2022-04-29 1. Business Results for 1st Quarter of 2022
2. Establishment of Branch Office
3. Establishment of Branch Office
4. Approval of Large Scale Intragroup Transaction
5. Vessel Refinancing 		○
2022 3rd
Meeting		 2022-03-23 1. Appointment of Board of Directors Chairman
2. Approval of Director’s Interlocking Directorship 		○
2022 2nd
Meeting		 2022-02-18 1. Partial Amendment to the Articles of Incorporation
2. Convening of the 21st Annual Shareholders’ Meeting & Approval of AGM Agendas
3. Approval for Transaction Ceiling with Stakeholder & Person with a Special Relationship
4. Approval of Large Scale Intragroup Transaction
5. Approval for Vessel Investment 		○
2022 1st
Extraordinary
Meeting		 2022-01-28 1. Approval for Large-scale Intra-group Transaction ○
2022 1st
Meeting		 2022-01-26 1. Approval for 21st Financial Statement & Business Report
2. Approval for 2022 Business Plan
3. Decision on Cash Dividends
4. Safety and Health Management Plan of 2022
5. Establishment of Overseas Subsidiary
6. Extension Guarantee of Overseas Subsidiary 		○
2021 2nd
Extraordinary
Meeting		 2021-12-10 1. Approval of Large Scale Intragroup Transaction
2. Guarantee of Payment in favor of Overseas Subsidiary
3. Disposition of Equity Shares
4. Approval of Large Scale Intragroup Transaction 		○
2021 6th
Meeting		 2021-10-28 1. Business Results for 3rd Quarter of 2021
2. Approval of Large Scale Intragroup Transaction
3. Approval of Large Scale Intragroup Transaction
4. Approval for Transaction with Stakeholders & Persons with a Special Relationship
5. Investment for Joint Ventures 		○
2021 1st
Extraordinary
Meeting		 2021-08-19 1. Approval for Vessel Investments ○

ESG Ratings

(By KCGS)

ESG Ratings - Year, Overall, Environmental (E), Social(S), Governance(G)
Year Overall Environmental (E) Social (S) Governance (G)
2023 A+ A+ A+ A
2022 A A A+ A
2021 A A A+ A
2020 A A A+ A
2019 A A A A
2018 B+ B+ A B+
2017 B+ B+ B+ B+
2016 B+ B+ A+ B
2015 Below B B+ Below B B
2014 Below B Below B Below B B+

Comparison with Best Corporate Governance Practices

(As of the end of Apr. 2024)

Comparison with Best Corporate Governance Practices - Best Recommended Practices, Hyundai Glovis
Best Recommended Practices Hyundai Glovis
Corporate governance charter ○
Employee code of ethics ○
Cumulative voting X
Voting by written procedure ○
Majority of Outside Directors in BoD ○
Separation of CEO and BoD Chairman X
Independence of Outside Directors ○
BoD meetings held regularly ○
Provides information in advance to Directors when holding BoD Meeting ○
Disclosure of information regarding BoD activities, attendance rate, and agree/disagree on major agenda items ○
Outside Director Recommendation Committee ○
All members of Audit Committee are Outside Directors ○
Introduces regulations on roles and operating procedures of the BoD and other Committees ○
Director's liability insurance at the company's expense ○
Evaluation of BoD activities ○
Maintain independence of external auditor ○
Accuracy and completeness of financial reporting by CEO and Financial Officer certified ○
Explain differences from best practices ○
Disclosure of audit report in Korean and English ○

Shareholders’ Rights to Make Proposals

  • In accordance with Article 363-2 of the Commercial Act, the Company’s shareholders may make a proposal in writing or by an electronic document that certain matters be raised as agenda items for a general meeting of shareholders at least six weeks prior to the date set for the general meeting of shareholders (in cases of an ordinary general meeting of shareholders, the date of the year corresponding to the date of the ordinary general meeting of shareholders of the preceding year).
  • Shareholders’ proposals may be made only by a shareholder with a certain level of stake in accordance with the Commercial Act.
  • In the event where a shareholder’s proposal has been made, the Company shall report to the Board of Directors, which shall accept the proposal as an agenda item of a general meeting of shareholders, except where such proposal is in violation of statutes or the Company’s Articles of Incorporation, and in the following cases as prescribed by Article 12 of the Enforcement Decree of the Commercial Act.

    1. Where another proposal is presented again within three years from the date on which a proposal with the same content was rejected because it obtained merely less than 10/100 of the votes at a general meeting of shareholders.

    2. Where the proposal concerns a shareholder's personal grievance.

    3. Where the proposal concerns a matter that involves a right of minority shareholders obligated to hold shares in excess of a certain ratio to exercise shareholders' rights.

    4. Where the proposal concerns a matter that involves the removal of an incumbent director/officer.

    5. Where the proposal concerns a matter that the company is unable to materialize, is based on evidently false grounds, or defames a particular person.

  • The shareholder who made the proposal shall, on his/her request, be given an opportunity to explain the proposal at a general shareholders meeting.
  • Other matters shall be subject to the Commercial Act or other relevant statutes.
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