Management Information
Promise for customers and shareholders, OCI thinks of trust first.
Board of Directors
Woo-Sug Baik
Chairman & Representative director, OCI Co., Ltd.
- (Current) Chairman & Representative director, OCI Co., Ltd.
- (Current) Vice chairman, Korea Listed Companies Association
- (Current) Executive Vice-Chairman of Korea Enterprises Federation
- CEO & Representative director, eTEC E&C Limited
- B.A., Yonsei University
Woo Hyun Lee
Vice chairman & Representative director, OCI Co., Ltd.
- Executive director, Bukwang Pharm.Co.,Ltd
- (Current) Vice chairman & Representative director, OCI Co., Ltd.
- (Current) Non-standing vice chairman, Seoul Chamber of Commerce and Industry
- (Current) Non-standing vice chairman,
Korea International Trade Association - (Current) Other non-standing director, BNO BIO Co., Ltd.
- (Current) Director, OCIM Sdn. Bhd.
- (Current) Other non-standing director, DCRE
- Vice President, Credit Suisse First Boston(Hong Kong)
- MBA, University of Pennsylvania
(Upenn, The Warton School)
Teak Joung Kim
President(CEO) & Representative director, OCI Co., Ltd.
- (Current) President(CEO) & Representative director, OCI Co., Ltd.
- (Current) OCIM Sdn. Bhd. Director
- (Current) Auditor, Korea Chlor Alkali Industry Association
- (Current) Director, Korea Specialty Chemical Industry Association
- COO(President), OCI Co., Ltd.
- Division Head(SEVP), RE Business Div., OCI Co., Ltd.
- B.S., Korea University
Boo Whan Han
Outside director/Member of Audit committee
- (Current) Outside director/Member of Audit committee, OCI Co., Ltd.
- (Current) Lawyer, Gangnam LLC.
- Outside director/Member of Audit committee,
Yesco Holdings Co., Ltd. - 43rd Vice minister of Justice, prosecutor
- Seoul High Prosecutors' Offices, (Chief Prosecutors)
- LL.M., Harvard University
- B.L., Seoul National University
Kyung Hwan Chang
Outside director/Member of Audit committee
- (Current) Outside director/Member of Audit committee, OCI Co., Ltd.
- Vice president/strategy managing director/CFO, KOREAN AIR LINES CO., LTD.
- Representative Director, KPMG Consulting Korea
- Partner, KPMG US Audit
- B.S., University of Southern California
- B.S., Korea University
Mi Chung Ahn
Outside director/Member of Audit committee
- (Current) Representative director, SL BIGEN. Co., Ltd.
- (Current) Outside director/Member of Audit committee, OCI Co., Ltd.
- (Current) Adjunct Professor, Yonsei University
- Outside director/Member of Audit committee, Medipost.
- Managing Partner, ERUUM & LEEON INTELLECTUAL PROPERTY LAW FIRM
- Outside director/Member of Audit committee, Genexine, Inc.
- MD of New Convergence Industry of R&D Strategy Planning Team of Ministry of Trade, Industry and Energy
- Ph.D., Rush University
- M.L., Chungnam National University
Jina Kang
Outside director/Member of Audit committee
- (Current) Outside director/Member of Audit committee, OCI Co., Ltd.
- (Current) Professor, Seoul National University
- (Current) Outside director/Member of Audit committee, Hyundai Mobis Co., Ltd.
- Assistant Professor, California State University(Fullerton)
- Ph.D., University of California, Los Angeles
(UCLA, The Anderson School) - MBA, University of Pennsylvania
(Upenn, The Warton School) - B.S., Korea Advanced Institute of Science and Technology(KAIST)
* All directors are insured with the Directors and Officers Liability and Company Reimbursement Policy(Insurance)
Committees under the Board(*Chairperson)
Steering Committee
WooSug Baik(*), WooHyun Lee,
TeakJoung Kim
Compensation Committee
WooSug Baik(*), BooWhan Han, KyungHwan Chang, Mi Chung Ahn, Jina Kang
Related Party Transactions Committee
BooWhan Han(*), KyungHwan Chang, Mi Chung Ahn, Jina Kang
Outside Director Nomination Committee
Mi Chung Ahn(*), WooHyun Lee, BooWhan Han, KyungHwan Chang,Jina Kang
Audit Committee
KyungHwan Chang(*), BooWhan Han, Mi Chung Ahn, Jina Kang
ESG Committee
TeakJoung Kim(*), BooWhan Han, KyungHwan Chang, Mi Chung Ahn, Jina Kang
Performances of the BOD and its Committees
We operate the board and its committees in Korean and provide details of their activities in Korean only.
If you use a browser with a translating feature, you may comprehend the performance information in your own language.
However, we do not guarantee the accuracy or the quality of the translation and if and when there is a discrepancy between the translation and the original, the original(Korean) takes precedence.
ESG Evaluation Results
| ESG Integrated Rating | Environement(E) | Society(S) | Govemance(G) | |
|---|---|---|---|---|
| 2021 | A | B+ | A+ | A |
| 2020 | A | A | A+ | A |
| 2019 | A | B | A+ | A |
Differences from Corporate Governance Code
| Best practice | OCI's Practice | Remarks |
|---|---|---|
| Establishment of the code of ethics for employees |
○ | Code of Conduct was enacted on January 1, 2005 |
| BOD composition (outside directors majority) |
○ | 57.1%(4 out of 7) as of March 23rd 2022 |
| Regular Meeting | ○ | On a monthly basis |
| Adoption of Cumulative voting | X | Introduced at the 48th general shareholders' meeting by Resolution of the Board of Directors |
| Adoption of Written voting | X | - |
| Adoption of Electronic voting | X | - |
| Advance offer of bills | ○ | Bills are offered 3 days prior to a meeting |
| Disclosure of the board's performances | ○ | On the Business Report, on the Corporate Goverenance Report and on our website |
| Establishment of committees under the board |
○ | Steering Committee, Outside Director Nomination Committee, Compensation Committee, Audit Committee, Related Party Transactions Committee, ESG Committee |
| Establishment of Regulation of the Board of Directors |
○ | The regulation was enacted on January 1967. |
| Establishment of Regulations of each committee |
○ | All the regulations were enacted on March 2008, other than the regulation of Related Party Transactions Committee enacted on March 2019 and ESG Committee on July 2021. |
| Independence of outside directors | ○ | Once Outside Director Nomination Committee recommends qualified individual as a nominee, a nominee is finally elected as a director at a general shareholders' meeting. |
| Directors and Officers Liability Insurance at a company expense |
○ | All directors are taken out a policy of Directors and Officers Liability Insuarance |
| Audit Committee composed of outside directors only |
○ | - |
| Accuracy and accountibility of the Business Report |
○ | Confirmed and approved by CEO and an executive in charge |
| Explaining differences from best practices |
○ | Updated on our website |
Board composition and board appointment procedures
In order to strengthen the professionalism of the board, OCI appoints members of the board of directors in consideration of their experience and expertise in chemistry, law, accounting, finance and their stake holding status and other mandates.
Furthermore, OCI tries to secure diversity in the board of directors, including gender, age, race, ethnicity, country of origin, and nationality.
Succession policy for leadership Succession policy for leadership
In order to maintain management stability and continuity and minimize uncertainties such as management gaps, OCI has established succession policies including fostering candidates for CEO and systematically managed the succession system.