Kumho Tire has established a transparent decision-making system through the board of directors with diversity and expertise. As of March. 31, 2022, the board of directors consists of a total of 9 members including 2 inside directors, 2 non-executive directors, and 5 independent directors. The chairman is Chai Yong Sen, the chairman of Double Star Group, a major shareholder of Xingway Korea (a major shareholder of Kumho Tire), separated from the CEO.
Category | Name | Gender | Nationality | Career | Expertise | Term |
---|---|---|---|---|---|---|
Internal Directors |
Iltaik Jung | Male | Korea | Current President & CEO of Kumho Tire |
Management | May.7, 2021 ~ May. 6, 2024 |
Non-executive Directors |
Chai Young Sen | Male | China | Current Chairman of the Doublestar Group |
Management | Jul. 6, 2021 ~ Jul. 5, 2024 |
Zhang Jun Hua | Female | China | Current CEO of the Doublestar Group |
Accounting | Jul. 6, 2021 ~ Jul. 5, 2024 |
|
Independent Directors |
Jonggil Kim | Male | Korea | Current Lawyer at Dongin Law Firm |
Law | Jul. 6., 2021 ~ Jul. 5, 2024 |
Hongyup Choi | Male | Korea | Current professor at the Chosun University College of Law |
Law | May. 19, 2020 ~ May. 18, 2023 |
|
Hansuh Gu | Male | Korea | Former President and CEO of Dongyang Life Insurance Co., Ltd. |
Management, Finance |
May. 19, 2020 ~ May. 18, 2023 |
|
Jinyoung Kim | Male | Korea | Former President and CEO of Donyang Life Insurance Co., Ltd. |
Management, Finance |
Jul. 6, 2021 ~ Jul. 5, 2024 |
|
Moonsun Song | Male | Korea | Former Vice President of Korea Development Bank |
Finance, Accounting |
Mar. 30, 2022 ~ Mar. 29, 2025 |
Boards play an important role of supervising management. The Strategy Planning Division supports the best
decision-making of the board of directors by providing information on agenda items and prior reporting.
Also, the finance, HR and strategy planning sectors support and manage the activities of four committees under
the board of directors. Major ESG performances and climate change response plans of 2021 have been reported
at the first and second regular board meetings in 2022, and establishment of a climate action system (1 case)
through CDP participation was approved.
Kumho Tire established 4 subcommittees under the BOD, including the Audit Committee, Independent Director Nominating
Committee, Strategy Operation Committee, and Compensation Assessment Committee.
The Audit Committee consists entirely of independent directors to ensure its independence and transparency.
As for the Independent Director Nominating Committee, majority of the members are independent directors in accordance with the relevant standards and internal regulations.
The Strategy Operation Committee supports the BOD’s strategic decision making on pending management issues, and the
Compensation Assessment Committee carries out employee performance assessment and compensation.
The BOD attendance rate in 2020 was 100%.
Committee | Number of BOD Meetings Held(2021) |
Iltaik Jung |
Chai Yong Sen |
un Hua Zhang |
Jonggil Kim |
Hongyup Choi |
Hanseo Gu |
Jinyoung Kim |
Moon sun Song |
---|---|---|---|---|---|---|---|---|---|
Audit Committee | 5 | ○ | ○ | ● | |||||
Independent Director Nominating Committee |
1 | ○ | ● | ○ | |||||
Strategy Operation Committee |
12 | ● | ○ | ○ | ○ | ||||
Compensation Assessment Committee |
7 | ○ | ○ | ● |