Corporate Governance
Board of Directors
The Board of Directors ensures transparent management.
SK Materials aims to enhance its corporate value and maximize the shareholder interests through rational and enterprising management decisions made by the BOD.
Board Composition
-
Kim, Yang Taek
CEO- (Former) Director of Investment Center
- for Advanced Material, SK Inc.
- Director of Investment Center 1, SK Inc.
- Appointment : 2024. 01 (Tenure 3 yrs, 1st consecutive term)
-
Jang, Dong Hyun
Other Non-executive Director / Chairman of BOD- (Current) CEO, SK Inc. Co., Ltd.
- (Former) CEO, SK telecom Co., Ltd.
- Appointment : 2020. 03 (Tenure 3 yrs, 1st consecutive term)
-
Jang, Yong Ho
Other Non-executive Director- (Current) CEO, SK siltron Co., Ltd.
- (Former) CEO, SK Materials Co., Ltd.
- Appointment : 2020. 03 (Tenure 3 yrs)
-
Tak, Yong Suk
Outside Director- Professor, Chemical Engineering of Inha University
- Vice Chairman of the Korea Electrochemical Society
- Appointment : 2021. 03 (Tenure 3 yrs, 1st consecutive term)
Board Authority
The BOD has the authority to make decisions on key management issues stipulated by the Commercial Act or Articles of Incorporation, delegated by the general meeting of shareholders, basic company management policies, and business execution. It plays an advisory role regarding activities concerning the execution of duties of directors, and is able to request reporting about management.
Major Board Activities
| Meeting Date | Resolution | Outcome | Executive Director - Attended (total) | Outside Director- Attended (total) | Non-executive Director - Attended (Total) |
|---|---|---|---|---|---|
| 2021.08.20 | Approval of split-off planning | Approved | 1 (1) | 1 (1) | 1 (2) |
| Approval of merger agreement | Approved | 1 (1) | 1 (1) | 1 (2) | |
| Approval of holding the 1st extraordinary shareholders meeting in 2021 and adopting resolution agenda | Approved | 1 (1) | 1 (1) | 1 (2) | |
| Approval of the record date of shareholders | Approved | 1 (1) | 1 (1) | 1 (2) | |
| Approval of acquiring utility asset | Approved | 1 (1) | 1 (1) | 1 (2) | |
| Approval of acquiring new business asset | Approved | 1 (1) | 1 (1) | 1 (2) | |
| 2021.07.20 | Approval of revising total transaction billings with subsidiaries in 2021 | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of investing in the battery material joint venture | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the promotion of the battery material business | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the first half year earnings | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2021.07.01 | Approval of the donation for social contribution activities | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of renewal of directors liability insurance | Approved | 1 (1) | 1 (1) | 2 (2) | |
| 2021.05.24 | Approval of establishing and investing in the investment corporation in Japan | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of transaction with SK Materials JNC | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of revising the rule of the Board of Directors | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the company-wide KPI | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the publication of the Sustainability Report | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the Net Zero declaration | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the measures to improve the competitiveness of quality/analyzing | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2021.04.30 | Approval of transaction with affiliated company for SUPEX Council contributions | Approved | 1 (1) | 1 (1) | 2 (2) |
| Reporting on the first quarter earnings | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the status of promoting Digital Transformation | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2021.03.31 | Appointment of CEO | Approved | 1 (1) | 1 (1) | 2 (2) |
| Reporting on the business transfer of SK Materials Airplus | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2021.03.15 | Approval of holding 39th shareholders meeting and adopting resolution agenda | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of Health/Safety management plans for 2021 | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the business acquisition of SK Materials Airplus | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on operations of internal accounting control system in 2020 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the assessment result of internal accounting control system operations in 2020 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the result of issuing corporate bonds | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2021.02.25 | Approval of total transaction billings with SK PINX | Approved | 1 (1) | 1 (1) | 2 (2) |
| Reporting on management plans for 2021 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on ESG management plans for 2021 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the review of Utility (Electricity) investment | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2021.01.25 | Approval of the 39th (2020) financial statements and Operating Report | Approved | 1 (1) | 1 (1) | 2 (2) |
| Delegation of issuing non-guaranteed corporate bond in 2021 | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of transaction with SK Inc. | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Appointment of Fair Trade CP Manager | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the MOU signing | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the operating performance of CP / Compliance in 2020 and plans for 2021 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.12.24 | Approval of total transaction billings with affiliated company | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of transaction with affiliated company for SUPEX Council contributions | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of promoting new business | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on 2021 reorganization and appointment of regular executive personnel | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.11.24 | Approval of establishing and investing the OLED joint venture | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of revising total transaction billings with SK Materials performance in 2020 | Approved | 1 (1) | 1 (1) | 2 (2) | |
| 2020.10.28 | Reporting on the third quarter earnings | Reporting | 1 (1) | 1 (1) | 2 (2) |
| Reporting on the RE100 joining and ESG management plans | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.09.24 | Reporting on the operating status of Integrated Analysis Center | Reporting | 1 (1) | 1 (1) | 2 (2) |
| Reporting on Yeongju-si Mutual Growth Story | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the result of acquiring treasury stock | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.09.02 | Approval of revising total transaction billings with SK airgas | Approved | 1 (1) | 1 (1) | 1 (2) |
| Reporting on the resolution review about investment | Reporting | 1 (1) | 1 (1) | 1 (2) | |
| 2020.07.16 | Approval of acquiring treasury stocks | Approved | 1 (1) | 1 (1) | 2 (2) |
| Reporting on the first half year earnings | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the result of issuing corporate bonds | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.06.15 | Approval of revising internal accounting control regulations | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of renewal for directors liability insurance | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Appointment of a compliance officer | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the investment on Photoresist materials production plant | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.04.28 | tment of a chairman of the BOD | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of total transaction billings with SK Materials performance | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of transaction with affiliated company for SUPEX Council contributions | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the first quarter earnings | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.03.05 | Approval of partial revision on the Article of Incorporation | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of revision of granting stock options | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of revision on executive management regulations | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of holding 38th shareholders meeting and adopting resolution agenda | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Delegation of issuing non-guaranteed corporate bond in 2020 | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on operations of internal accounting control system in 2019 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the assessment result of internal accounting control system operations in 2019 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| 2020.02.07 | Approval of the 38th (2019) financial statements and Operating Report | Approved | 1 (1) | 1 (1) | 2 (2) |
| Approval of promoting Photoresist materials business | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Approval of introducing and operating Fair Trade Compliance Program (CP) | Approved | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on Management Plan for 2020 | Reporting | 1 (1) | 1 (1) | 2 (2) | |
| Reporting on the operating performance of compliance and plans for 2020 | Reporting | 1 (1) | 1 (1) | 2 (2) |
Board Operating Regulations
Key Regulations
Regulations| Convening Right Holder | Chairman or Director of BOD |
|---|---|
| Meeting Convening | Regular Board meeting : monthly, Temporary Board meeting : in case of necessity |
| Proposed Agenda | Refer to Board Regulations Article 8 or 13 |
| Approval | Ordinary resolution : a majority of the total board members attended, and the concurrent vote of a majority of the members present Special resolution : the concurrent vote of two thirds of the total board members |
Key Resolutions
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Issues related to Shareholders meeting, BOD and Governance
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Investment, Planning and Management
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Accounting and Financial Management
-
Personnel and Organizational Management
-
Other Management Issues
Report to Board of Directors
- 01Annual Management Planning
- 02Business Performance by Quarters
- 03Regular Executive Personnel and Reorganization
- 04Result of Delegating Bond Issuance from the BOD to CEO
- 05Establishment and Implementation of ESG Policy
- 06Other Materials judged necessary to be reported by CEO or Chairman of BOD
- 07Operations of Internal Accounting Control System
- 08Compliance / CP Performance and Plans
Board of Directors of the Subsidiaries
SK Materials practice transparent management through the board of directors-centered management.
SK Materials practice transparent management through the board of directors-centered management.
Composition of SK Specialty's Board of Directors
-
Lee Kyu-won
CEO- Current CEO of SK Specialty Inc.
- Former CEO of SK Trichem Inc.
- Former Head of SK Materials Management Office
- Term: Dec. 2021 ~ Dec. 2024
-
Lee Yong-wook
non-executive director / chairman of the board of directors- Current CEO of SK materials Inc.
- Former Head of Investment Center of SK Inc.
- Term: Dec. 2021 ~ March 2024
-
Kim Yang-taek
non-executive director- Current Head of Advanced Materials Investment Center of SK Inc.
- Former Group Head of SK Investment 1 Center of SK Inc.
- Term: Dec. 2021 ~ Dec. 2024
-
Tak Yong-seok
outside director- Current Outside Director of SK Specialty Inc.
- Current Professor of Chemical Engineering at Inha University
- Term: Dec. 2021 - March 2024
-
Chae Jun-sik
auditor- Current Finance 1 Director of SK Inc.
- Former SK Innovation Inc.
- Term: Dec. 2021 - Dec. 2024
Composition of SK Materials Airplus' Board of Directors (2023)
-
Oh Jong-jin
CEO / in-house director- Concurrently CEO of SK Trichem and CEO of SK Materials Renewtech
- Appointment: January 2023 (3 years in office)
-
Kim Wan-sung
non-executive director / chairman- Current Head of BM Innovation Center of SK materials Inc.
- Former Director of BM Innovation Office of SK materials Inc.
- Appointment: January 2021 (3 years in office)
-
Park Jong-bok
non-executive director- Current SHE Management Director of SK Specialty Inc. and SHE Director
- Former SHE Director of SK materials Inc.
- Appointment: March 2022 (3 years in office)
-
Kim Hwa-kyun
non-executive director- Current BM Innovation Center Happiness Manager of SK materials Inc.
- Former Corporate Culture Director of SK materials Inc.
- Appointment: March 2022 (3 years in office)
-
Choi Dong-wook
non-executive director- Current Head of Semiconductor Materials Group at SK Inc. Advanced Materials Investment Center
- Former Head of Battery Materials Group at SK Inc. Advanced Materials Investment Center
- Appointment: March 2022 (3 years in office)
-
Jang Moon-hyuk
auditor- Current Management Manager of SK materials Inc. BM Innovation Center
- Former Financial Management Director of SK materials Inc.
- Appointment: January 2021 (3 years in office)
Composition of SK Trichem's Board of Directors
-
Oh Jong-jin
CEO- Current CEO of SK Trichem Inc.
- Former Sales Director of SK Siltron Inc.
- Appointment: January 2023 (3 years in office)
-
Lee Sang-kyung
in-house director- Current R&D Director of SK Trichem Inc.
- Former Research & Sales Director of SK Trichem Inc.
- Appointment: March 2021(3 years in office, 1 second term)
-
Ahn Sung-jae
non-executive director- Current Executive Officer of SK Inc. Advanced Materials Investment Center
- Former SK Innovation's Strategic Business Division
- Appointment: March 2022(3 years in office)
-
Jang Moon-hyuk
auditor- Current Management Manager of SK materials Inc.
- Former Financial Management Director of SK materials Inc.
- Appointment: January 2021 (3 years in office)
-
Kiyoshi Tazuke
non-executive director- Current President of Tri Chemical Laboratories Inc.
- Former Sales Director of Tri Chemical Laboratories Inc.
- 선임: 2022.03 (임기3년, 연임1회)
-
Yoshihide Suzuki
auditor- Current Director of Tri Chemical Laboratories Inc.
- Former General Manager of Tri Chemical Laboratories Inc.
- Appointment: March 2022 (3 years in office)
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Ahn Byung-hoon
auditor- Current Representative of Korea Office of Tri Chemical Laboratories Inc.
- Former Deputy Representative of Korea Office of Tri Chemical Laboratories Inc.
- Appointment: March 2021(3 years in office, 1 second term)
Composition of SK Materials Renewtech's Board of Directors
(as of January 2, 2023)
-
Oh Jong-jin
CEO- CEO of SK Trichem
- Concurrently CEO of SK Materials Airplus
- Concurrently CEO of SK Materials Renewtech
- Appointment: January 2023 (3 years in office)
-
Park Ki-sun
executive director / chairman of the board of directors- Head of Materials Business Development Center of SK Inc.
- CEO of SK Materials Group 14 Inc.
- Appointment: February 2022(3 years in office)
-
Choi Dong-wook
in-house director- Head of Semiconductor Materials Group of SK Inc. Advanced Materials Investment Center
- Appointment: February 2022(3 years in office)
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Jeon Seok-ryong
in-house director- Production Innovation Director of SK Specialty
- Appointment: February 2022 (3 years in office)
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Kim Hwa-kyun
non-executive director- Happiness Manager of SK materials Inc.
- Appointment: December 2022(3 years in office)
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Jang Moon-hyuk
auditor- Management Manager of SK materials Inc.
- Appointment: January 2021 (3 years in office)
Composition of SK Materials Performance's Board of Directors
-
Ha Jung-hwan
CEO (Chairman of the Board of Directors)- Current Head of Global Tech Center of SK materials Inc.
- Concurrently CEO of SK Materials Performance Inc.
- Former SK Hynix Material Technology Advisor
- Appointment: September 2021 (3 years in office)
-
Park Ki-sun
non-executive director- Current Head of Business Development Center of SK materials Inc.
- Concurrently) CEO of SK Materials Group 14
- Former SK Materials New Business Development Director
- Concurrently) CEO of SK Trichem
- Appointment: February 2020 (3 years in office)
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Ahn Sun-yeol
in-house director- Current Photo Business Innovation Director of SK Materials Performance Inc.
- Former SK Inc. Advanced Materials Investment Center
- Appointment: February 2020 (3 years in office)
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Oh Jong-jin
non-executive director- Current CEO of SK Trichem Inc.
- Concurrently CEO of SK Materials Airplus Inc.
- Concurrently CEO of SK Materials Renewtech Inc.
- Former Sales Directorof SK Siltron
- Appointment: February 2022 (3 years in office)
-
Ahn Sung-il
non-executive director- Current Team Leader of SK Inc. Advanced Materials Investment Center
- Former Senior Researcher at Samsung Electronics' Foundry Division
- Appointment: February 2022 (3 years in office)
Composition of SK Materials JNC's Board of Directors
-
Kim Soo-hyun
CEO- Current CEO/President of SK Materials JNC Inc.
- Former CEO/President of JNC Korea Inc.
- Appointment June 2021 (3 years in office)
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Ha Jung-hwan
CEO /Chairman of the Board of Directors- Current CEO/President of SK Materials JNC Inc.
- Current CEO/President of SK Materials Performance Inc.
- Current Head of Global Tech Center of SK materials Inc.
- Former Advisor of Photo & Color Materials to SK Inc.
- Appointment: March 2022 (3 years in office)
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Ikuta Toshiaki
in-house director- Current Director of Product Development at SK Materials JNC Inc.
- Former Technical Director of JNC Corp. Information and Materials Division
- Appointment: June 2021 (3 years in office)
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Park Ki-sun
outside director- Current Head of Business Development Center of SK materials Inc.
- Former Director of New Business Development at SK materials Inc.
- Appointment: June 2021 (3 years in office)
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Mitsuyoshi Kyo
non-executive director- Current Director of Information and Materials Business of JNC Corp.
- Current CEO of SK JNC Japan Co., Ltd.
- Former Director of Display Materials Business of JNC Corp.
- Appointment: June 2021 (3 years in office)
Composition of SK Materials Group 14's Board of Directors
-
Park Ki-sun
CEO- Current CEO of SK Materials Group 14 Inc.
- Current Head of Business Development Center of SK materials Inc.
- Former Director of New Business Development at SK materials Inc.
- Appointment: October 2021 (3 years in office)
-
Seo Young-hoon
non-executive director- Current Battery Materials Group Director of SK Inc. Advanced Materials Center
- Former Battery Materials M&A Team Leader of SK Inc.
- Appointment: March 2022 (3 years in office)
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Eric Charles Luebbe
non-executive director- Current Group 14 Technologies CEO & Co-Founder
- Former EnerG2 CEO & Co-Founder
- Appointment: Dec. 2021 (3 years in office)
-
Park Byung-bae
non-executive director- Currently in charge of PM at SK materials Inc.
- Former Team Leader of Advanced Materials Center at SK Inc.
- Appointment: March 2022 (3 years in office)
Result of Shareholders’ Meeting
-
The 40th general shareholders’ meeting
40기 주주총회 표(의안, 안건, 의결권 있는 주식수, 참석 주식수, 찬성률로 구성) Resolution Voting Share Total number of shares in attendance Approval Rate Resolution 1 Approval of split-off planning 8,957,673 7,640,459 83.83% Resolution 2 Approval of merger agreement 77.70% -
The 39th general shareholders’ meeting
39기 주주총회 표(의안, 안건, 의결권 있는 주식수, 참석 주식수, 찬성률로 구성) Resolution Voting Share Total number of shares in attendance Approval Rate Resolution 1 Approval of the 39th (2020.01.01~2020.12.31) financial statement including balance sheet, income statement, and surplus appropriation statement 8,957,673 7,878,821 99.98% Resolution 2 2-1: Appointment of executive director (Lee, Yong Wook) 99.19% 2-2: Appointment of outside director (Tak, Yong Suk) 99.76% Resolution 3 Approval of the director’s compensation limit 99.11% Resolution 4 Approval of the auditor’s compensation limit 99.98% -
The 38th general shareholders’ meeting
38기 주주총회 표(의안, 안건, 의결권 있는 주식수, 참석 주식수, 찬성률로 구성) Resolution Voting Share Total number of shares in attendance Approval Rate Resolution 1 Approval of financial statement 9,487,673 7,818,210 98.20% Resolution 2 2-1: Revision of the Article of Incorporation 99.99% 2-2: Elimination of Article 15 (Closing the shareholder list) 99.99% 2-3: Establishment of Article 50 (Safety and Health Plans) 99.99% 2-4: Establishment of Addendum (Designation of enforcement date) 99.99% Resolution 3 3-1: Appointment of non-executive director (Jang, Dong Hyun) 96.02% 3-2: Appointment of non-executive director (Jang, Yong Ho) 96.23% Resolution 4 Approval of the director’s compensation limit 90.54% Resolution 5 Approval of the auditor’s compensation limit 99.99% Resolution 6 Establishment and revision of the director’s severance pay regulations 99.99% Resolution 7 Approval of granting stock option 98.66% -
The 37th general shareholders’ meeting
38기 주주총회 표(의안, 안건, 의결권 있는 주식수, 참석 주식수, 찬성률로 구성) Resolution Voting Share Total number of shares in attendance Approval Rate Resolution 1 Approval of financial statement 9,487,673 7,661,676 98.94% Resolution 2 Revision of the Article of Incorporation 99.96% Resolution 3 Appointment of auditor 4,452,353 2,626,356 99.90% Resolution 4 Approval of the director’s compensation limit 9,487,673 7,661,676 94.35% Resolution 5 Approval of the auditor’s compensation limit 99.92%