[Pangyo Tech] Hankook Tire to announce Corporate Governance Charter…”Strong-willed to perform on ESG practices”

Hankook Tire & Technology (Hankook Tire) announced on the 10th that it has held a board meeting and declared a “corporate governance charter” that expresses its willingness to practice transparent and sound ESG (environmental, social, and governance) management.

Hankook Tire explained that it declared an ethical management policy that seeks to promote the interests of all stakeholders, including shareholders, customers, and employees, and protect their rights and interests, centered on the board of directors with expertise and independence.

The charter includes regulations on the rights and responsibilities of shareholders, the roles and management of the board of directors, the composition of audit organizations, the protection of stakeholders, and disclosure.

This content will be posted on the official website and the Financial Supervisory Service’s electronic disclosure system so that ordinary shareholders can also check.

Hankook Tire said, “Following the enactment of the charter, we plan to strengthen our status as a leading ESG management company by establishing a sound governance structure based on the board of directors with objectivity and transparency.”

Hankook Tire established a separate ESG committee under its board of directors in July last year. Along with the ESG Committee, the board of directors operates an audit committee, an outside director candidate recommendation committee, a sustainable management committee, and an internal transaction committee.