ESG evaluation ratings

Governance Charter

LIG Nex1 (hereinafter ‘the company’) aims to contribute to society as a high-technology company that creates differentiated values for its shareholders, members, and stakeholders based on the core values of openness and positiveness and to create a safe and convenient future. In addition, the company establishes a sound governance structure to achieve happiness and trust among all its shareholders and stakeholders and to sustain its development and growth.
We hereby set forward the LIG Nex1 Governance Charter to pursue a transparent governance structure under the goals of promoting shareholder values, protecting the rights of stakeholders, and upholding corporate values.

* Korea ESG Standards Institute (KCGS) Ratings
items 2023 2022 2021 2020 2019
B+ A A A B+
Environment B+ A A B+ B+
Social B+ A+ A+ A A
Governance B+ A A A B+
Differences compared to the Corporate Governance Code
Categorization Adoption Remarks
Supply of information on general shareholders’ meetings sufficiently in advance O Meeting notice 31 days before the 22nd regular general shareholders’ meeting
Composition of the Board of Directors (outside directors to take up the majority of positions) O Four outside directors among a total of seven directors
Separation of the Representative Director and the Chairperson of the Board of Directors O Appointment of an outside director as the Chairperson of the Board of Directors
Operation of a committee for impartial recommendation of director candidates O Operation of a recommendation committee for outside director candidates (composed of two outside directors and one internal director)
Invitation of external experts on the company’s expense if it is necessary to hire outside directors O Stipulation of the rules of the Board of Directors and committees within the BOD
Organization of regular meetings of the Board of Directors and the Audit Committee O Over than once a quarter
Introduction of regulations on the roles and operation procedures of the Board of Directors and various committees O Operation of regulations of the Board of Directors and committees within the BOD
Announcement of the detailed activities of the Board of Directors O
Purchase of liability insurance for directors on the company’s expense O Purchase of directors and officers (D&O) insurance
Establishment of specialized committees within the Board of Directors O Operation of four committees (ESG/risk management/compensation/outside director candidate recommendation committee)
Composition of the Audit Committee O To be composed of outside directors only