Organization Status of the Board of Directors
Type | Name | Gender | Post | Terms | Duty | Initial Appointment |
Most Recent Appointment |
Executive Liability Insurance |
---|---|---|---|---|---|---|---|---|
Inside Directors | Shin Dong-bin | Male | Chairman & CEO (full-time) | 2 years | Chief executive | 2004.05.28. | 2023.03.29 | Insured |
Lee Hun-ki | Male | President & CEO (full-time) | 2 years | Chief executive | 2024.03.26 | 2024.03.26 | Insured | |
Hwang Jin-koo | Male | Vice-President & CEO (full-time) | 2 years | Chief executive | 2021.03.23 | 2023.03.29 | Insured | |
Lee Young-jun | Male | Vice-President & CEO (full-time) | 2 years | Chief executive | 2020.03.25. | 2024.03.26 | Insured | |
Sung Nak-sun | Male | Inside Director (full-time) | 2 years |
Financial Accounting Sector Supervision |
2024.03.26 | 2024.03.26 | Insured | |
Outside Directors | Nam Hye-jung | Female |
Representative Outside Director, Outside Director & Audit Commitee member (part-time) |
2 years | Accounting | 2021.03.23. | 2023.03.29. | Insured |
Cho Woon-hang | Male |
Outside Director & Audit Commitee member (part-time) |
2 years | Finance, Accounting | 2022.03.24. | 2022.03.24. | Insured | |
Cha Kyung-hwan | Male | Outside Director (part-time) | 2 years | Legal | 2023.03.29 | 2023.03.29 | Insured | |
Oh Yoon | Male |
Outside Director & Audit Commitee member (part-time) |
2 years | Tax | 2024.03.26 | 2024.03.26 | Insured | |
Park Ji-soon | Male | Outside Director (part-time) | 2 years | Labor | 2024.03.26 | 2024.03.26 | Insured | |
Sohn Byeong-hyeok | Male | Outside Director (part-time) | 2 years | Industry, R&D | 2024.03.26 | 2024.03.26 | Insured |
LOTTE Chemical considers diversity and complementarity of competence when appointing independent directors, regardless of gender, ethnicity, and nationality.
A director’s term is valid from the date of appointment (inauguration) until the closing of the regular stockholders’ meeting for the final accounting period within two years.
LOTTE Chemical maintains liability insurance for directors (liability limit: KRW20 billion) to insure against damage claims and legal defense cost.
Our company introduced the representative outside director system in March 2024, and appointed outside director Nam Hye-jung as the representative outside director.