Corporate Governance
Share Ownership Structure of Shinsegae Inc.
| Shareholders | Shares | Ownership(%) |
|---|---|---|
| Largest Shareholder & Affiliates | 2,762,320 | 28.05 |
| Foreigners | 2,888,900 | 29.34 |
| Institution & Corporates | 3,605,039 | 36.62 |
| Indivisuals | 580,148 | 5.90 |
| Others | 8,774 | 0.09 |
| Total | 9,845,181 | 100 |
Major Shareholders(more than 5% ownership)
| Name | Number of Shares | Percentage of Shares(%) |
|---|---|---|
| Lee, Myung Hee | 1,794,186 | 18.22 |
| National Pension Service | 1,388,447 | 14.10 |
| Chung, Yoo Kyung | 967,853 | 9.83 |
| Total | 4,150,486 | 42.15 |
Profile of Directors
-
Cha, Jeong Ho
CEO, Shinsegae Inc
Former Head of Duty-Free Distribution Division, Hotel Shilla
Former CEO , Shinsegae International
-
Kweon, Hyeuk Goo
Head of Strategy division, Shinsegae Group
Former Director of MD Strategy,
Shinsegae Co.Executive Vice President of New Project &
development, Shinsegae Inc
-
Kim, Jung Sig
Executive Vice President of Administration Department, Shinsegae Inc
Chief Officer of Human Resource Department,
Shinsegae IncVice President of Flagship Branch, Shinsegae Inc
-
Ahn, Young Ho
Advisor at Kim & Chang Law Firm
Head of development of policy,
Fair Trade CommissionHead of Seoul Fair Trade Commission
Standing Commissioner of Fair Trade Commission
-
Choi, Jin Seok
The Emeritus Professor of Philosophy
at SOGANG UniversityVisiting professor of East Asian studies
at the University of TorontoFormer Sogang University Professor of Philosophy
Former Director of The GUNMYUNGWON
-
We, Cheolhwan
Suwon District Court a member of the arbitration committee
Lawyer at Dongsuwon General Law FirmFormer president of the Korean Bar Association
Former member of a recommendation committ for supreme Court Cou jest!ce
-
Won, Jung hee
A law firm LEE & KO of advisor
Former Director of Investigation 2 at the Seoul Regional Tax Office
Former Director of National Tax Service Investigation
Former Head of National Tax Service Busan Regional
Directors
- Audit
Committee - Nomination
Committee - Related Party
Transactions
Committee - Social Contribution
Committee
Audit Committee
Function : Auditing & Report on Operations & Audit for operations of directors| Position | Name | Term of office | Date of appointment |
|---|---|---|---|
| Outside Director | Won, Jung hee | 2019. 03 | 2021. 03 |
| Outside Director | Ahn, Young Ho | 2017. 03 | 2021. 03 |
| Outside Director | Choi, Jin Seok | 2018. 12 | 2022. 03 |
Nomination Committee
Function : Recommend candidates for outside director| Position | Name | Term of office | Date of appointment |
|---|---|---|---|
| Management | Cha, Jeong Ho | 2020. 03 | 2023. 03 |
| Management | Kim, Jung sig | 2017. 03 | 2023. 03 |
| Outside Director | Ahn, Young Ho | 2017. 03 | 2021. 03 |
| Outside Director | Choi, Jin Seok | 2018. 12 | 2022. 03 |
| Outside Director | We, Chul hwan | 2019. 03 | 2021. 03 |
Related Party Transactions Committee
Function : Evaluate & Approve Internal Transaction| Position | Name | Term of office | Date of appointment |
|---|---|---|---|
| Management | Kim, Jung sig | 2017. 03 | 2023. 03 |
| Outside Director | Ahn, Young Ho | 2017. 03 | 2021. 03 |
| Outside Director | Won, Jung hee | 2019. 03 | 2021. 03 |
Social Contribution Committee
| Position | Name | Term of office | Date of appointment |
|---|---|---|---|
| Management | Kim, Jung sig | 2017.03 | 2023.03 |
| Outside Director | Choi, Jin Seok | 2018.12 | 2022.03 |
| Outside Director | We, Chul hwan | 2019.03 | 2021.03 |
Payout Policy
We will strengthen shareholder-friendly management by establishing an objective and predictable dividend policy.| Financial resources |
· OP(Non-Consoilidated) x 10% · Financial resources through asset disposal are used first for future investments and financial structure improvement. |
| Minimun Dividend | · Dividend per Share : 1,500KRW (If financial resources are below 1,500KRW per share) |
| Payment | · Annual Dividend |
| Period | · Maintain dividend policy for the next 3 years for predictability of dividends(FY2020~2022) · Reexamine every 3 years in consideration of changes in the business environment, investment and management performance, and cash flow conditions. |
