SK D&D implements 'board-centric management' to enhance stakeholder interest and happiness, and innovate its governance structure. To strengthen the oversight role of the Board of Directors (BOD) as the highest decision-making body, the majority of the BOD comprises independent directors. The BOD operates several committees — including the HR Committee, the Independent Director Recommendation Committee, the ESG Committee, and the Audit Committee — to enhance the expertise and efficiency of its operations. To ensure the effective authority of the BOD, regulations for the BOD and its subcommittees are newly established and enhanced, with these regulations disclosed on the website. Additionally, SK D&D has formulated and published the Corporate Governance Charter to achieve transparent and accountable management and establish a robust corporate governance framework. Through these efforts, we aim to expand the responsibilities of the BOD and oversight bodies, enhance shareholder communication through governance disclosures, and achieve long-term stability and growth.
Board of Directors’ Composition and Responsibilities
Composition of the Board
SK D&D's Board of Directors (BOD) serves as the highest decision-making and supervisory body for management issues affecting the entire company. As of April 2024, it comprises five members (one executive director, three independent directors, and one non-executive director). To enhance objectivity and independent decision-making, the BOD operates with separate roles for the CEO and Chairperson of the Board. Moreover, the Board comprises more than 50% independent directors and appoints experts in various fields such as finance and management as independent directors to reflect diverse perspectives and expertise in board decision-making. Furthermore, we support the BOD in maintaining its practical expertise, independence, and efficiency through the operation of its committees and internal support organizations.
이사회 구성*
구분 | 인원/비율 | |
---|---|---|
사내이사 수 | 1명 | |
기타비상무이사 수 | 1명 | |
사외이사 수 | 3명 | |
(법적 최소 기준) 사외이사 수 | 2명 | |
사외이사 비율 | 60% | |
이사회 내 사외이사 목표 비율 | 50% | |
성별 | 남성 | 5명 |
여성 | 0명 | |
연령대별 | 30세 이상 50세 미만 | 1명 |
50세 이상 60세 미만 | 4명 | |
60세 이상 | 1명 |
- *2024년 12월 31일 기준
이사회 구성 현황*
구분 | 인원 | |
---|---|---|
ESG위원회 | 이사 수 | 4명 |
사외이사 수 | 2명 | |
감사위원회 | 이사 수 | 3명 |
사외이사 수 | 3명 | |
재무전문가 수 | 1명 | |
인사위원회 | 이사 수 | 4명 |
사외이사 수 | 3명 | |
사외이사후보추천위원회 | 이사 수 | 3명 |
사외이사 수 | 3명 |
- *2025년 5월 기준
Members of the Board*
Category | Name | Expertise | Position | Date Appointed | End of Term | Board Attendance in 2023 |
---|---|---|---|---|---|---|
Executive director | Do-hyun Kim | Professional management | CEO, ESG Committee | 2022.03.23 | 2025.03.23 | 100% |
Independent director | Jun-cheol Kim | Accounting/Audit (Certified Public Accountant) | Chair of the Board, ESG Committee, HR Committee, Independent Director Recommendation Committee, Audit Committee (chair) | 2021.03.30 | 2027.03.30 | 100% |
Kyung-min Kim | Environment/Data | HR Committee (chair), Independent Director Recommendation Committee, Audit Committee | 2022.03.23 | 2025.03.23 | 100% | |
Mo-doom Kim** | Professional management (Lawyer) | ESG Committee, HR Committee, Independent Director Recommendation Committee, Audit Committee | 2024.03.26 | 2027.03.26 | - | |
Non-executive director | Jae-min Kim | Finance/Market analysis | ESG Committee, HR Committee | 2018.11.15 | 2027.03.30 | 100% |
- *As of Apr. 2024
- **He was appointed as a new director in March 2024, so there is no attendance record for 2023
이사별 경력/선임배경
성명 | 선임배경 | 주요 이력 |
---|---|---|
김도현 | 리츠 AMC인 디앤디인베스트먼트(DDI)를 설립해 자산운용에 선제적으로 진출하여 SK D&D를 종합 부동산 회사로 발전시키고 새로운 도심형 주거 상품인 ‘에피소드’의 성공적인 론칭을 수행한 경험을 바탕으로 향후 신사업 개발 및 안정적인 수익 창출에 기여할 것을 기대함 | 서강대 화학공학 학사 現) SK디앤디 대표이사 兼) 프롭티어㈜ 기타비상무이사 前) SK디앤디 경영지원본부장/RESI솔루션운용개발본부장 前) SK에코플랜트㈜(舊 SK건설㈜) 기획운영실장 |
김준철 | SK D&D의 감사위원회 위원장을 역임하여 회사의 재무·회계 리스크를 성공적으로 관리한 재무 전문가로서, 당사의 감사위원회 및 이사회 독립성 강화와 투명성 제고를 달성하여 회사의 발전과 주주들의 권익보호에 기여할 것을 기대함 | 서울대 경영학, 서울대 경영학 석사 現) 다산회계법인 회계사 現) 덕성여자대학교 겸임교수 現) ㈜유한양행 사외이사 前) 딜로이트안진회계법인 부대표 |
김경민 | 당사의 주된 사업 영역인 부동산 개발 분야의 전문적인 지식과 풍부한 경험을 바탕으로 사업 전략 방향성 제시 및 사업개발 타당성 검토 등에 기여할 것을 기대함 | 現) 서울대학교 환경대학원 교수 前) Property & Portfolio Research, Inc 선임연구원 |
김모둠 | M&A, 기업형사, 환경규제, 노동 관련 다수의 업무 수행 경험을 바탕으로 당사의 ESG 중심 경영 및 Governance Story 고도화에 기여할 것으로 기대되며, 당사의 주된 사업 영역인 부동산 개발 분야의 전문적인 지식과 풍부한 경험을 바탕으로 사업의 리스크 검토 및 의사결정에 기여할 것을 기대함 | 現) ㈜디딤이앤에프 사외이사 現) 법무법인 동진 구성원 변호사 前) 법무법인 대호 변호사 |
노정연 | 공정성, 객관성을 바탕으로 한 철저한 사실 분석 능력과 강한 윤리의식을 보유하고 있어, 독립적인 의사결정을 통해 이사회 투명성 제고에 중요한 역할을 할 것으로 기대되며, 컴플라이언스, 리스크 관리를 위한 자문을 제공하므로 회사가 지속가능한 성장과 주주 가치 제고하는데 기여할 것을 기대함 | 이화여자대학교 법학, 사법연수원 제25기 (前) 서울서부지검검찰청 검사장 (前) 부산고등검찰청 검사장 (前) 대구고등검찰청 검사장 (現) 변호사 노정연 법률사무소 변호사 |
김재민 | 다양한 시장에 대한 분석 경험을 토대로 투자 자산 관리 강화, 재무 전략 고도화 및 불확실한 경제 환경 대응 등 당사의 성장 방향을 제시하고 회사 운영의 효율화에 기여할 것을 기대함 | 연세대 화학공학 학사 現) 한앤코개발홀딩스(유) 부사장 前) H&Q Asia Pacific Korea 이사 |
Board Responsibilities and Roles*
- *SK D&D Board responsibilities and roles are set out in the Corporate Governance Charter
Board Committees
The BOD of SK D&D has established the Audit Committee, the ESG Committee, the HR Committee, and the Independent Director Recommendation Committee to enhance the efficiency of the management decision-making system. The authority of the BOD is delegated to each committee, and the proportion of independent directors is specified in each committee’s regulations to ensure their independence. The Independent Director Recommendation Committee and the Audit Committee are composed entirely of independent directors, while the HR Committee and the ESG Committee include at least 50% independent directors.
Compositions of Board Committees*
Committee | Key Features | Member | Supporting Organization |
---|---|---|---|
Audit Committee |
| Jun-cheol Kim (chair**/ID) Kyung-min Kim (ID) Mo-doom Kim (ID) | Internal Control Part |
HR Committee |
| Kyung-min Kim (chair /ID) Jae-min Kim (NED) Jun-cheol Kim (ID) Mo-doom Kim (ID) | People & Culture Part |
ESG Committee*** |
| Do-hyun Kim (ED) Jae-min Kim (NED) Jun-cheol Kim (ID) Mo-doom Kim (ID) | Planning Management Part, ESG Part |
Independent Director Recommendation Committee**** |
| Jun-cheol Kim (ID) Kyung-min Kim (ID) Mo-doom Kim (ID) | Board Secretariat |
- *As of Apr. 1, 2024 / ID: Independent Director, ED: Executive Director, NED: Non-executive Director
- **Jun-cheol Kim, the chair of the Audit Committee, qualifies as an expert in corporate disclosure form preparation under Type 1 (accountant), meeting the basic qualifications and required employment period stipulated by the Enforcement Decree of the Commercial Act
- ***As of April 2024, the Chairperson of the ESG Committee has resigned prematurely due to personal reasons (such as assuming office in a newly established corporation by a spin-off), and future appointments are planned
- ****As of April 2024, the Chairperson of the Independent Director Nomination Committee has retired upon the expiration of their term, and future appointments are planned
Board Expertise
SK D&D publishes the Board Skill Matrix (BSM), a multi-faceted assessment tool that evaluates the skills and competencies of its board members in a matrix format. The BSM of SK D&D is categorized into eight areas: Leadership, Business Development & Strategy, Finance/Accounting & Risk, Legal & Regulatory, ESG, Core Industries (Real Estate, Living Solutions, Energy), Global, and M&A/Capital Markets. It indicates the proportion of board members with expertise and competencies in each category. By leveraging the BSM, we plan to review the composition of the Board of Directors and establish a board comprising members who can create synergies and drive decision-making based on their expertise.
Board Skill Matrix (BSM)*
Category | Do-hyun Kim | Jun-cheol Kim | Kyung-min Kim | Mo-doom Kim | Jae-min Kim | Proportion |
---|---|---|---|---|---|---|
Leadership | ● | ● | ● | ● | ● | 100% |
Business Development & Strategy | ● | - | - | - | ● | 40% |
Finance/Accounting & Risk | - | ● | - | - | ● | 40% |
Legal & Regulatory | - | - | ● | ● | - | 40% |
ESG | ● | - | - | ● | - | 40% |
Core Industries** | ● | - | ● | - | - | 40% |
Global | ● | ● | ● | - | ● | 80% |
M&A/Capital Markets | ● | ● | - | ● | ● | 80% |
- *As of Apr. 1, 2024
- **Real Estate, Living Solutions, Energy
이사회 다양성 및 전문성
구분 | 단위 | 2022 | 2023 | 2024 |
---|---|---|---|---|
50세 이하 이사 수 | 명 | 0 | 0 | 1 |
50세 이상 이사 수 | 명 | 8 | 8 | 5 |
이사회 내 재무 전문가 수 | 명 | 2 | 1 | 1 |
감사위원회 내 재무/회계 전문가 수 | 명 | 1 | 1 | 1 |
Providing Training for Directors
SK D&D regularly conducts training sessions for independent directors to strengthen their expertise. In 2023, all independent directors and audit committee members received focused training on risk management and internal control enhancements due to changes in the business environment, such as spin-off. Additionally, we provide necessary training for audit committee members through programs offered by external professional organizations, such as the Audit Committee Forum and accounting firms.
2023 Independent Director Training Performance
Date | Training Organization | Key Training Details | Attendance |
---|---|---|---|
2023.06.21 | Samil PwC | Strengthening internal controls as the business environment changes and risks increase | 100% |
2023 Audit Committee Member Training Performance
Date | Training Organization | Key Training Details | Attendance |
---|---|---|---|
2023.04.18 | (Corp.) Audit Committee Forum | 2023 1st regular forum for auditors and audit committees | 1/3 |
2023.04.30 | Samil Audit committee school | Corporate Director School (5 Courses) | 1/3 |
2023.05.31 | Samil Audit committee school | Audit Committee School Advanced Course (10 Courses) | 1/3 |
2023.06.21 | Samil PwC | Strengthening internal controls as the business environment changes and risks increase | 3/3 |
2023.07.13 | (Corp.) Audit Committee Forum | 2023 2nd regular forum for auditors and audit committees | 1/3 |
2023.09.21 | (Corp.) Audit Committee Forum | 2023 3rd regular forum for auditors and audit committees | 1/3 |
2023.11.09 | Deloitte Korea | 2024 Webinar - Center for Corporate Governance | 1/3 |
2023.11.21 | (Corp.) Audit Committee Forum | 2023 4th regular forum for auditors and audit committees | 1/3 |
Ensuring and Supporting Director Activities
SK D&D purchases Directors & Officers Liability Insurance at company expense annually to appoint competent directors and protect their work and decision-making activities. Additionally, independent directors may receive support or advice from employees or external experts as needed, with expenses covered by the company, and they may request necessary information from the company's business manager to fulfill their duties. These provisions are specified in our Corporate Governance Charter, and SK D&D actively supports independent directors in discharging their responsibilities.
Board Independence and Transparency
Director Appointment Process
Since the establishment of the Independent Director Recommendation Committee in June 2021, SK D&D has been protecting shareholders’ rights to appoint independent directors by recommending candidates for appointment at the AGM through the committee. We transparently disclose candidate backgrounds, reasons for the recommendation, and any affiliations with the company in the AGM notices. The Independent Director Recommendation Committee, composed entirely of independent directors, guarantees the fairness of the appointment process by excluding influence from controlling shareholders or management.
When identifying and recommending candidates for independent directors, the committee examines whether the candidates are disqualified by relevant regulations such as the Commercial Act and its Enforcement Decree and verifies their experience and expertise. When appointing directors, we deliberate on their expertise, diversity, and independence to ensure a balanced composition of the board, avoiding bias towards specific backgrounds or professions, with each director's term of office set at three years. Additionally CEO is nominated and proposed for appointment by the HR Committee and appointed by the shareholders' meeting.
Director Independence and Transparency
SK D&D ensures the independence of its BOD by specifying in its Corporate Governance Charter and committee regulations that each committee within the BOD must consist of a majority of independent directors. In addition, to maintain the fairness and independence of BOD decision-making, SK D&D restricts the voting rights of directors with specific interests in resolutions such as remuneration decisions and director candidate recommendations. Furthermore, SK D&D maintains transparency by reporting the appointment, dismissal, or resignation of independent directors to the Financial Services Commission and the Korea Exchange.
Board of Directors’ Operation and Activities
Board Activities
The SK D&D Board holds regular monthly meetings as a principle, in accordance with the Articles of Incorporation and the Board of Directors Regulations, and convenes additional ad-hoc meetings as needed. The Board is responsible for reviewing the company's goals and management strategies to achieve happiness and sustainable growth for members and stakeholders. It systematically manages both non-financial and financial risks, including ESG risks, and bears the responsibility to execute decisions accordingly. Furthermore, SK D&D manages and controls internal transactions and self-dealings by designating 'transactions between directors and the company' and 'internal transactions between affiliated companies and transactions with related parties' as matters requiring Board approval.
In 2023, a total of 14 board meetings were held with a 100% attendance rate.
Board Activities
Category | Unit | 2021 | 2022 | 2023 |
---|---|---|---|---|
Meetings held | Times | 17 | 13 | 14 |
Agenda items proposed | Cases | 52 | 31 | 36 |
Agenda items approved | Cases | 52 | 31 | 36 |
Reported agenda | Cases | 13 | 22 | 18 |
Attendance rate | % | 99 | 100 | 100 |
Key ESG Agenda Discussions at the Board*
Session | Date | Agenda | Resolution Type |
---|---|---|---|
23-1 | 2023.01.18 | 2023 Health·Safety Plan | Voted |
Reporting the compliance activities | Reported | ||
23-2 | 2023.02.26 | Remuneration for each executive director | Voted |
Establishment of CEO KPIs | Reported | ||
23-3 | 2023.03.07 | Reporting the operation of the Internal Accounting Control System in 2022 | Reported |
Reporting the evaluation of the operation of the Internal Accounting Control System in 2022 | Reported | ||
Reporting on the 2022 Board activity assessment | Reported | ||
23-4 | 2023.04.12 | Enactment of the Corporate Governance Charter | Voted |
Amendments to the ESG Committee Regulations | Voted | ||
23-6 | 2023.06.21 | Renewal of Directors & Officers Liability Insurance | Voted |
23-8 | 2023.08.23 | Reporting CEO KPIs interim review | Reported |
Reviewing the first half performance of SHE and planning for the second half | Reported | ||
23-12 | 2023.10.26 | Improvement of CEO remuneration system | Reported |
24-1 | 2024.01.05 | Appointment of Compliance Officer (Nominee: Il-hong Jang) | Reported |
24-2 | 2024.01.24 | Remuneration for each executive director | Voted |
Establishment of CEO KPIs | Reported | ||
2024 Health·Safety Plan | Reported | ||
Reporting the compliance activities | Reported | ||
24-5 | 2024.03.11 | Large internal transactions with SK eternix Co., Ltd. | Voted |
Reporting the operation of the Internal Accounting Control System | Reported | ||
Reporting the evaluation of the operation of the Internal Accounting Control System | Reported |
- *As of Apr. 1, 2024
Board Committees Activities
The Board committees are regularly convened in accordance with their respective regulations, and their major activities are disclosed in detail in our business reports and on our website.
Board Committee Activities*
Category | Unit | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
ESG Committee | Meetings held | Times | 1 | 4 | 5 |
Attendance rate | % | 100 | 100 | 100 | |
HR Committee | Meetings held | Times | 4 | 5 | 5 |
Attendance rate | % | 92 | 100 | 100 | |
Audit Committee | Meetings held | Times | 9 | 10 | 10 |
Attendance rate | % | 100 | 100 | 100 | |
Independent Director Recommendation Committee | Meetings held | Times | 2 | 1 | 0** |
Attendance rate | % | 100 | 100 | - |
- *Audit Committee: Established in March 2021 / Other three committees: Established in June 2021
- **The Independent Director Recommendation Committee was not held because there was no independent director whose term ends in 2023
ESG Committee
The ESG Committee strengthens the ESG management system at the BOD level by reviewing the company's ESG management strategy and direction, regularly checking performance, and making improvement plans. In setting business management strategies and goals for ESG-related activities, the committee considers environmental management and CSR management policies, and reviews and implements detailed action plans. Notably, it deliberates and provides advice on issues such as implementing Net Zero, managing climate change response risks, establishing eco-friendly business directions, and managing greenhouse gas emissions to actively review the performance of environmental management activities at the BOD level. The committee also identifies ESG risks and opportunities throughout the business’s value chain of the business, and establishes and executes frameworks to respond to them.
The Planning Management Part and ESG Part, which are operational departments for ESG management, conduct materiality assessments to identify the company's sustainability issues, impacts, risks, and opportunities, and report best practices and improvement plans to the ESG Committee. They also collaborate with relevant departments in the environment, social, and governance areas to establish and implement improvement initiatives for each issue and share the results with the ESG Committee.
ESG Committee Activities*
Session | Date | Agenda | Resolution Type |
---|---|---|---|
23-1 | 2023.01.16 | Reporting on the business plan for 2023 | Reported |
23-2 | 2023.03.22 | ESG management operation direction and key improvement tasks for 2023 | |
23-3 | 2023.07.12 | Measures to enhance corporate value | |
23-4 | 2023.08.07 | Follow-up measures to enhance corporate value | |
23-5 | 2023.08.31 | Reporting on ESG materiality and information disclosure | |
Reporting on the establishment of a human rights management system | |||
Reporting on environmental management and climate change response | |||
24-1 | 2024.01.19 | Reporting on the business plan for 2024 | |
Review of ESG management in 2023 and plan for 2024 |
- *As of Apr. 1, 2024
HR Committee
The HR Committee, also known as the Nomination and Compensation Committee, reviews the evaluation and retention of the CEO, assesses the appropriateness of executive directors' remuneration, and receives reports on the evaluation and remuneration of key executives, integrating the functions of the Remuneration Committee. The HR Committee also evaluates the CEO's management activities and performance, and checks the implementation of KPIs by the CEO and key executives to support management in carrying out its responsibilities in ESG management.
HR Committee Activities*
Session | Date | Agenda | Resolution Type |
---|---|---|---|
23-1 | 2023.02.02 | Reporting on remuneration of executive directors | Reported |
Reporting on the establishment of CEO KPIs (draft) | |||
23-2 | 2023.08.18 | Mid-term review of CEO KPIs | |
Mid-term review of key executives’ KPIs | |||
23-3 | 2023.10.23 | Improvement of CEO remuneration system | |
23-4 | 2023.11.22 | Reporting on assessment results of key executives | |
CEO assessment (draft) | |||
23-5 | 2023.11.23 | Decision on CEO retention | |
24-1 | 2024.01.23 | Reporting on remuneration of executive directors | |
Reporting on the establishment of CEO KPIs (draft) | |||
Reporting on remuneration of key executives |
- *As of Apr. 1, 2024
Audit Committee
The Audit Committee oversees all aspects of auditing, including auditing financial statements, appointing external auditors and evaluating the operational status of internal accounting management, as well as performing management oversight functions for ethical and anti-corruption management. To maintain independence, the committee comprises three independent directors, each meeting the qualifications stipulated in the Commercial Act, with the chairperson appointed from experts in accounting and finance. Moreover, the committee conducts training sessions on laws related to external audits and the Internal Accounting Control System at least once a month to enhance its audit expertise. The Internal Control Part supports the operational activities of the Audit Committee and maintains regular communication with external auditors to ensure effective operations.
Audit Committee Activities*
Session | Date | Agenda | Resolution Type |
---|---|---|---|
23-1 | 2023.02.23 |
| Reported |
23-2 | 2023.02.28 |
| Voted |
23-3 | 2023.04.26 |
| Reported |
23-4 | 2023.05.04 |
| Reported |
23-5 | 2023.06.21 |
| Reported |
23-6 | 2023.08.18 |
| Reported |
23-7 | 2023.09.25 |
| Reported |
23-8 | 2023.10.26 |
| Reported |
23-9 | 2023.11.20 |
| Reported |
| Voted | ||
23-10 | 2023.12.19 |
| Reported |
24-1 | 2024.01.16 |
| Voted |
24-2 | 2024.02.26 |
| Reported |
24-3 | 2024.02.28 |
| Voted |
- *As of Apr. 1, 2024
Independent Director Recommendation Committee
The Independent Director Recommendation Committee operates with all members being independent directors, in accordance with relevant commercial laws and the company's Independent Director Recommendation Committee Regulations, to ensure fairness and independence in the appointment of independent directors and the committee's operations. The committee holds the authority to recommend candidates for independent directors to be appointed at the shareholders' meeting. It conducts prior deliberation and verification of candidates' disqualifications and expertise for selecting independent director candidates, ensuring they have no significant conflicts of interest with the company (including affiliated companies).
Independent Director Recommendation Committee Activities*
Session | Date | Agenda | Resolution Type |
---|---|---|---|
24-1 | 2024.02.28 | Proposal to nominate an independent director (Nominee: Mo-doom Kim) | Voted |
Proposal to nominate an independent director to serve as an Audit Committee member (Nominee: Jun-cheol Kim) | Voted (Jun-cheol Kim is restricted from voting due to being a candidate) |
- *As of Apr. 1, 2024
Board Assessment and Remuneration
Board Assessment
SK D&D conducts annual assessments of the Board of Directors and its committees through the Board Secretariat to enhance governance transparency. The assessment of the Board is carried out using a self-assessment method limited to independent directors, covering five areas: Board composition, operations, responsibilities, roles, and committees. Assessment results are reported to the Board annually, guiding the identification of improvement areas for the following year based on the Board's performance. These results are also disclosed to external stakeholders through the business and sustainability reports.
In 2023, assessments were conducted on three individual independent directors, revealing improved scores compared to the previous year in the areas of "Board Composition", "Board Operations", "Board Responsibilities", and "Board Roles” with an overall average score rising to 4.94 out of 5. Based on these findings, we aim to implement activities such as establishing and refining Board-related regulations and aligning them with compensation.
Board Assessment Process
Board Assessment Items
Category | Assessment Items | |
---|---|---|
Board Composition | Appropriateness of size, expertise/experience of directors, independence | |
Board Operations | Appropriate number of meetings held, timeliness of agenda, usefulness of management materials, directors’ attendance, adequacy of discussions, provision of training, information collection | |
Board Performance | Responsibilities | Establishment of corporate vision and strategies, appropriateness of the scope of its mandate, management advisory, corporate value improvement, risk management |
Roles | Oversight of management performance, obligation of confidentiality, corporate governance, corporate social responsibility | |
Committee Activities | Committees and their membership, division of roles and responsibilities, number of meetings held, timely provision of information and materials, sufficient engagement in discussions |
Board Assessment Results
Category | Unit | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Board Composition | Points | 4.83 | 4.92 | 5.00 | |
Board Operations | Points | 4.62 | 4.80 | 4.94 | |
Board Performance | Responsibilities | Points | 4.81 | 4.80 | 4.94 |
Roles | Points | 4.56 | 4.88 | 4.90 | |
Committee Activities | Points | 4.68 | 5.00 | 4.94 | |
Overall average* | Points | 4.70 | 4.89 | 4.94 |
- *Based on a 5-point scale
Board Remuneration
Directors' remuneration is determined by comprehensively reflecting their positions (roles), expertise, and contributions to the company within the director remuneration limits approved by the General Meeting of Shareholders. Performance bonuses are paid based both on quantitative metrics, such as sales and operating profit, and on qualitative metrics, such as the achievement of strategic goals and leadership. For executive directors, non-financial performance is included within the KPIs to determine the final amount of remuneration.
Remuneration for Directors in 2023
Category | Unit | Executive Director | Independent Director* | Audit Committee Member |
---|---|---|---|---|
Total number of personnel | Persons | 1 | 1 | 3 |
Total remuneration | KRW 1 million | 1,267 | 89 | 294 |
Average remuneration per person | KRW 1 million | 1,267 | 89 | 98 |
- *Independent director: excluding members of the Audit Committee
CEO-to-Employee Remuneration Ratio
Category | Unit | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
CEO | Total annual remuneration | KRW 1 million | 1,852 | 1,502 | 1,267 |
Employee* | Average remuneration | KRW 1 million | 105 | 105 | 110 |
CEO-to-Employee remuneration ratio | Times | 17.6 | 14.3 | 11.5 |
- *Excluding executive director (CEO)
KPI Assessment for the CEO and Management
SK D&D incorporates ESG management items established based on ESG materiality reviewed by the ESG Committee into the KPIs for all executives, including the CEO, alongside financial, strategic, and operational indicators. C-Level KPIs are established annually, incorporating ESG performance from the previous year, and are finalized in January of the subsequent year, following review by the HR Committee and approval by the Board of Directors. To drive KPI achievement, quarterly and interim performance checks are conducted, and compensation for the following year is linked to KPI performance after final assessment.
In 2023, SK D&D set CEO KPIs including tasks such as implementing the ESG Master Plan, innovating organizational culture, enhancing workplace safety management, and achieving zero significant accidents across all workplaces. For executive KPIs, goals were set to promote ESG internalization and ecosystem expansion in alignment with each executive's overall operational business. Based on these goals, we assess CEO and executive KPI achievement levels and incorporate these results into compensation decisions to strengthen management's sense of responsibility for creating social value.
CEO & Executives KPI Assessment·Remuneration Decision Process
2024 CEO KPIs
Category | Tasks |
---|---|
ESG |
|
Strategy/Operation | Enhance PJT management level, strengthen business model competitiveness, establish sustainable business structure, plan new business, and secure investment resources |
Financial affairs | Group-wide P&L, profit margin, enterprise value |