Governance
Governance
Governance system
거버넌스 체계 메뉴
Overview
SK Chemicals has declared 'Board of Directors-Centered Management' for sustainable business operations. The company is enhancing the governance structure to enable the board of directors to consider the well-being of both members and stakeholders simultaneously in the decision-making process. As a result, the board of directors reviews and decides on key issues covering various areas such as social, environmental, and economic concerns.
Roles and Responsibilities of the Board of Directors
The board of directors, based on its inherent authority, supervises decision-making and overall operational activities necessary for the execution of duties. It is also developing SK's unique management philosophy embedded in the Social Value Measurement System (SVMS) and Double Bottom Line (DBL), exploring specific execution plans. The board of directors specifies the duties and responsibilities that directors should hold when performing their roles and tasks in the articles of incorporation and governance charter. Additionally, in accordance with the Commercial Act, the board of directors limits the concurrent positions of i ndependent directors to one or fewer to enhance the fidelity of their activities. The board of directors also restricts employment in companies with conflicting interests.
- Establishment of management goals and strategies
- Review of accounting transparency and sustainability
- Supervision of the appointment of the CEO and management
- Resolution of management performance evaluation and compensation levels
- Review for the improvement of ESG policies
- Decision-making on other matters that significantly impact the company or involve external trust