[Asia Economy Reporter Changhwan Lee] Hankook Tire & Technology announced on the 2nd that it has established an ESG (Environmental, Social, and Governance) Committee within its board of directors to practice sustainable management.
Hankook Tire's board of directors resolved to establish the ESG Committee on the 30th of last month. With the establishment of the ESG Committee within the board, the total number of committees under the board will expand to five, including the existing Audit Committee, Outside Director Candidate Recommendation Committee, Sustainable Management Committee, and Internal Transactions Committee.
The ESG Committee will provide guidance and deliberate on matters related to Environmental, Social, and Governance issues.
The committee is composed of three or more directors, with a majority of the members being outside directors to enhance expertise and functionality. The chairperson will be appointed by a resolution of the committee.
The committee consists of seven members, including the chairperson, made up of both inside and outside directors. Outside director Mira Lee was elected as the inaugural chairperson of the ESG Committee.
The company explained that Chairperson Lee is a female leader who has grown in global companies with advanced corporate governance such as GE (General Electric) and Macquarie Group, and is a graduate of the first class of Ewha Womans University’s specialized course for female outside directors, possessing both expertise and competence.
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