Board Composition
POSCO INTERNATIONAL prioritizes an independent yet transparent board operation. Directors are appointed in accordance with the Commercial Act Article 382 and the Articles of Incorporation. The board promotes diversity. Independent directors are from diverse backgrounds with expertise and qualifications in various fields, such as management, accounting, and the environment, to ensure a balanced decision rather than representing specific interests. POSCO INTERNATIONAL operates support organizations to endorse an effective environment for independent directors. As of April 2024, the board consists of three executive directors and four independent directors, totaling seven members.
(As of April 2024)
Inside Director
KYE-IN, LEE(Male)
Chair of the BoD
Chair of the Outside director Candidate Recommendation Committee
Chair of the Outside director Candidate Recommendation Committee
Date of Initial Appointment
2023.03.20
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2025
Experience
President & CEO, POSCO International
Former Chief Officer of Global Business Unit, POSCO International
Former Head of Steel Department 1, POSCO International
Inside Director
KYUNG-JIN, CHUNG(Male)
Outside Director Candidate Recommendation Committee
ESG Committee
ESG Committee
Date of Initial Appointment
2024.03.25
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2025
Experience
Executive Vice President, Corporate Strategy & Finance Group, POSCO International
Former Head of Finance Team, POSCO Holdings
Former Head of Finance Office, POSCO
Non-Executive Director
KI-SEOP, JEONG(Male)
Date of Initial Appointment
2024.03.25
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2025
Experience
CSO, President and Representative Director, POSCO Holdings
Former CEO & Representative Director, POSCO Energy
Former Head of Domestic Business Management Office, POSCO
Outside Director
HAENG-HEE, LEE(Female)
Chair of the ESG Committee
Audit committee
Outside Director Candidate Recommendation Committee
Audit committee
Outside Director Candidate Recommendation Committee
Date of Initial Appointment
2022.03.21
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2026
Experience
Advisor, Korean CEO’s Association of Multinational Corporations(KCMC)
Former President & CEO, Corning Korea
Former Chairman, KCMC
Outside Director
JONG-SOO, HAN(Male)
Chair of the Audit committee
Outside Director Candidate Recommendation Committee
Outside Director Candidate Recommendation Committee
Date of Initial Appointment
2023.03.20
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2025
Experience
Professor of Accounting, Ewha Womans University
President, Korean Accounting Association
Former Member, IFRS Interpretations Committee
Outside Director
YEONG-HAN, CHUN(Male)
Audit committee
Outside Director Candidate Recommendation Committee
Outside Director Candidate Recommendation Committee
Date of Initial Appointment
2023.03.20
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2025
Experience
Professor of Electronic and Electrical Engineering, Hongik University
Co-representatives, Energy Transition Forum Korea
Former Member, 2050 Carbon Neutrality Commission
Outside Director
HO-KEUN, SONG(Male)
Outside Director Candidate Recommendation Committee
ESG Committee
ESG Committee
Date of Initial Appointment
2024.03.25
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2026
Experience
Professor Laureate and Director of Doheon Academy, Hallym University
Former Distinguished Professor of Humanities and Social Sciences, Pohang University of Science and Technology
Former Distinguished Professor, Seoul National University
Outside Director
TAE-WOONG, HUR(Male)
Outside Director Candidate Recommendation Committee
ESG Committee
ESG Committee
Date of Initial Appointment
2024.03.25
Date of Term Expiration
Until the regular Genenal Shareholder Meeting in 2026
Experience
Professor of Industry-Academic Cooperation in College of Agriculture and Life Sciences, Gyeongsang National University
Former The Administrator, Rural Development Administration
Former President, Korea National University of Agriculture and Fisheries
Board of Directors' Resolutions(2023)
POSCO INTERNATIONAL manages the board of directors' schedule on an annual basis and, in accordance with the board regulations, announces the agenda at least seven business days in advance. Should there be any changes to the schedule of the board meetings, the reason for the changes is promptly disclosed. In 2023, a total of 11 board meetings were held, and 44 items were resolved.
| Round | Date Held | Contents of the Bill | Passed or not | Board of Directors Attendance Status |
| 1st round | January 2, 2023 | Approval of public notice in lieu of a general shareholders' meeting for the merger report | Passed | 7/7 |
| 2nd round | January 26, 2023 | Approval of the 23rd financial statements | Passed | 7/7 |
| Approval of the 23rd business report | Passed | |||
| Operation status of internal accounting management system in 2022 | Report | |||
| 2022 compliance control and CP activity inspection results | Report | |||
| 3rd round | February 22, 2023 | Convening the 23rd regular general shareholders' meeting and determining the purpose of the meeting | Passed | 7/7 |
| 2023 POSCO INTERNATIONAL Safety and Health Plan | Passed | |||
| Donation to support Turkiye earthquake damage | Passed | |||
| 2022 Internal Accounting Management System Operation Status Report | Report | |||
| 4th round | March 20, 2023 | Matter of appointment of CEO | Passed | 7/7 |
| Matter of deciding on an acting representative in the event of the absence of the CEO and Chairman of the Board of Directors | Passed | |||
| Appointment of members of the Outside Director Candidate Recommendation Committee | Passed | |||
| Matters regarding adjustment and payment of director remuneration standards in 2023 | Passed | |||
| Disposal of treasury stock to pay executive stock compensation in 2022 | Passed | |||
| Donating funds to operate Incheon POSCO High School in 2023 | Passed | |||
| 5th round | April 27, 2023 | Capital payment and a parent company guarantee(SBLC) for the establishment of PT POSCO INTERTNATIONAL E&P INDONESIA related to Bunga contract area in Indonesia | Passed | 7/7 |
| Funding plan for the first half of 2023 | Passed | |||
| Change in Board of Directors regulations | Passed | |||
| Donation to support forest fire damage in Gangneung, Gangwon-do | Passed | |||
| Establishment of POSCO INTERNATIONAL New Vision | Report | |||
| 6th round | June 28, 2023 | Establishment of ESG Committee under the Board of Directors and changes to related Board of Directors regulations | Passed | 7/7 |
| 2022 Corporate Citizenship Report Publication and Materiality Assessment Results | Passed | |||
| Setting transaction limits with related parties (POSCO HOLDINGS) related to POSCO brand usage agreement | Passed | |||
| Change in Noeul Green Energy long-term service contract (conditional lawsuit termination and contract termination) | Passed | |||
| Conclusion of stack purchase and installation, BOP parts replacement service contract | Passed | |||
| Counterclaim (for service fees) against CGN Yulchon Power Company's original claim for damages | Passed | |||
| 23 Modern Slavery Act (MSA) Declaration | Passed | |||
| Participated in paid-in capital increase for NEH Co., Ltd. for the Gwangyang 2nd LNG Terminal project | Passed | |||
| POSCO INTERNATIONAL 2050 Carbon Neutrality Basic Roadmap | Report | |||
| 7th round | July 26, 2023 | Sale of participating interest in Narrabri coal mine | Passed | 7/7 |
| Financing plan for the second half of 2023 | Passed | |||
| Change in Board of Directors regulations | Passed | |||
| Donation to repair damage from torrential rain and support victims | Passed | |||
| 8th round | August 21, 2023 | Participation in the offshore CCS(Carbon Capture and Storage) project in Texas, USA | Passed | 7/7 |
| Increased transaction amount limit with related parties (POSCO FUTURE M CO.,LTD) | Passed | |||
| 9th round | September 21, 2023 | funding loan to GTH (Ukraine grain terminal holding company) | Passed | 7/7 |
| Strategy for training in women employees leadership | Report | |||
| 10th round | November 22, 2023 | Approval of 2024 short-term financial limit | Passed | 7/7 |
| Mid-term shareholder-friendly policy | Report | |||
| 11th round | December 19, 2023 | 2024 management plan approved | Passed | 7/7 |
| Set a limit on the total amount of transactions with related parties in 2024 and approve transactions using the POSCO brand | Passed | |||
| Approval for purchase of NEH Co., Ltd. stock to resolve holding company activity restrictions | Passed | |||
| 2024 of contribution to the company employee welfare fund | Passed | |||
| Year-end donation contribution | Passed |