Board of Directors

Those who love cars more than anything else

BoD Composition

(Unit : Share)

Title
(Employment Status)		 Name Appointment Date Expiration Date Position Liability
Insurance
Chairman (Standing) Eui-Sun Chung March 15, 2003 March, 2022 Chairman of Hyundai Motor Group ○
Chief Executive Officer(Standing) Ho Sung Song June 10, 2020 March, 2022 Chief Executive Officer ○
Executive Vice President (Standing) Jun-Young Choi March 09, 2018 March, 2021 Executive Vice President ○
Executive Vice President (Standing) Woo-Jeong Joo March 15, 2019 March, 2023 CFO & Executive Vice President ○
External Director (Non-Standing) Sang-Koo Nam March 22, 2013 March, 2022 Member of Audit Committee, Corporate Governance & Communication Committee, Member of Outside Director Recommendation Committee ○
External Director (Non-Standing) Kwi-Nam Lee March 20, 2015 March, 2021 Member of Audit Committee, Corporate Governance & Communication Committee ○
External Director (Non-Standing) Chol-Su Han March 09, 2018 March, 2021 Corporate Governance & Communication Committee, Member of Outside Director Recommendation Committee ○
External Director (Non-Standing) Duk-Joong Kim March 24, 2017 March, 2023 Member of Audit Committee, Corporate Governance & Communication Committee ○
External Director (Non-Standing) Dong-One Kim March 24, 2017 March, 2023 Corporate Governance & Communication Committee, Member of Outside Director Recommendation Committee ○
  • Chairman Eui-Sun Chung
    President of Kia Motors Corp.
    Executive Vice Chairman of Hyundai Motor Company
    (Current) Chairman of Hyundai Motor Group
  • Chief Executive Officer Ho Sung Song
    Head of Global Operations Division
    (Current) President of Kia Motors Corp.
  • Executive Vice President Jun-Young Choi
    Head of Human Resources and Administration Division
    (Current) Executive Vice President
  • Executive Vice President Woo-Jeong Joo
    (Current) CFO & Executive Vice President
  • External Director Sang-Koo Nam
    Private Sector Chairperson of the Financial Services Commission
    Chair-Professor of Business Administration at Gachon University
  • External Director Kwi-Nam Lee
    61th Minister of Justice
    (Current) LKN Law institute Lawyer
  • External Director Chol-Su Han
    Director of Korea Fair Trade Commission
    (Current) Advisor at Yoon & Yang Law Firm
  • External Director Duk Joong Kim
    20th Head of NTS (National Tax Service)
    (Current) Advisor at Yoon & Yang Law Firm
  • External Director Dong-One Kim
    Chairman of Korean Labor and Employment Relationships Association
    (Current) Professor of Business School at Korea University

Operation

At the top of the decision making hierarchy within the Kia Motors organization, the Board of Directors (BoD) fits the specific requirements of the automotive business.
To ensure timely and quick decision-making, the CEO chairs the BoD at Kia Motors. In addressing concerns over potential interference in the independence of the BoD, a protocol measure is in place that provides agenda items and other related information to all BoD members at least seven days before BoD meetings.



 
Date Agenda Items / Reported Matters Whether
approved		 Remarks
25-Jan-2019 □ Agenda Items
  1. Approval of the 75th (FY2018) financial statements and annual report
  2. Approval of business and investment plans for 2019
  3. Approval of amendment of internal accounting management system rule
  4. Approval of transaction limit with the largest shareholder (FY2019)
  5. Approval of transaction between directors and affiliates (FY2019)
  6. Approval of transaction with affiliates
  7. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance		 -
20-Feb-2019 □ Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 75th (FY2018) General Meeting of Shareholders		 Approved -
15-Mar-2019 □ Agenda Items
  1. Appointment of Chief Executive Officer
  2. Appointment of the Chairman of the BoD
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
  5. Appointment of members of the Corporate Governance and Communication Committee
  6. Appointment of Chief Compliance Officer		 Approved -
25-Apr-2019 □ Agenda Items
  1. Amendment of Compliance control standards
  2. Amendment of the audit committee rules
  3. Transaction with affiliates
  4. Financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2019 1st Quarter		 -
23-Jul-2019 □ Agenda Items
  1. Amendment of Rules and Regulations of BoD
  2. Establishment of Corporate Governance Charter
  3. Payment Guarantee of affiliates		 Approved -
■ Reported Matters
  1. Business results and activities of FY2019 1st Half
  2. Operation of FY2019 1st Half Fair Trade Compliance Program		 -
23-Sep-2019 □ Agenda Items
  1. Establishment of joint venture		 Approved -
24-Oct-2019 □ Agenda Items
  1. Amendment of existing rules including Rules and Regulations of BoD
  2. Establishment of Compensation committee		 Approved -
■ Reported Matters
  1. Business results and activities of FY2019 3rd Quarter		 -
 
Date Agenda Items / Reported Matters Whether
approved		 Remarks
25-Jan-2018 □ Agenda Items
  1. Approval of the 74th (FY2017) financial statements and annual report
  2. Approval of business and investment plans for 2018
  3. Approval of amendment of BoD rule
  4. Approval of transaction limit with the largest shareholder (FY2018)
  5. Approval of transaction between directors and affiliates (FY2018)
  6. Approval of transaction with affiliates
  7. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance		 -
12-Feb-2018 □ Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 74th (FY2017) General Meeting of Shareholders		 Approved -
09-Mar-2018 □ Agenda Items
  1. Appointment of the Chairman of the BoD
  2. Approval of dual-directorship
  3. Appointment of members of the Outside Director Recommendation Committee
  4. Appointment of members of the Corporate Governance and Communication Committee		 Approved -
28-Mar-2018 □ Agenda Items
  1. Approval of the exercise of voting rights on the spin-off merger of Hyundai Mobis
  2. Approval of the share transfer agreement of Hyundai Mobis and Hyundai Glovis after spin-off merger
  3. Approval of large internal transaction		 Approved -
27-Apr-2018 □ Agenda Items
  1. Appointment of Chief Compliance Officer
  2. Approval of transaction with affiliates
  3. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2018 1st Quarter		 -
27-Jul-2018 □ Agenda Items
  1. Approval of appointment of Chief Executive Officer
  2. Approval of appointment of Chief Compliance Officer
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2018 1st Quarter
  2. Operation of fair trade compliance		 -
26-Oct-2018 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2018 3rd Quarter		 -
Date Agenda Items / Reported Matters Whether
approved		 Remarks
26-Jan-2017 □ Agenda Items
  1. Approval of the 73rd (FY2016) financial statements and annual report
  2. Approval of business and investment plans for 2017
  3. Approval of transaction limit with the largest shareholder (FY2017)
  4. Approval of transaction between directors and affiliates (FY2017)
  5. Approval of the issuance of corporate bonds
  6. Approval of transaction with affiliates
  7. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance		 -
23-Feb-2017 □ Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 73rd (FY2016) General Meeting of Shareholders		 Approved -
■ Reported Matters
  1. Results of the issuance of corporate bonds		 -
17-Mar-2017 □ Agenda Items
  1. Approval of capital increase of Hyundai Capital Germany (HCG)		 Approved -
24-Mar-2017 □ Agenda Items
  1. Approval of dual-directorship
  2. Appointment of members of the Outside Director Recommendation Committee
  3. Appointment of members of the Corporate Governance and Communication Committee		 Approved -
7-Apr-2017 □ Agenda Items
  1. Approval of the use of KIA’s trade name for affiliates		 Approved -
27-Apr-2017 □ Agenda Items
  1. Approval of KMI’s new investment
  2. Approval of funding for KMI
  3. Approval of capital increase of HCCA
  4. Approval of capital increase of Beijing Hyundai Motor Co., Ltd.
  5. Approval of financial transaction with financial affiliates by contract
  6. Approval of amendment of the Corporate Governance and Communication Committee rule		 Approved -
■ Reported Matters
  1. Business results and activities of FY2017 1st Quarter		 -
27-Jul-2017 □ Agenda Items
  1. Approval of funding and payment guarantee of affiliates
  2. Approval of capital increase of affiliates
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract
  5. Approval of the issuance of international bonds		 Approved -
■ Reported Matters
  1. Business results and activities of FY2017 1st Half
  2. Operation of fair trade compliance in FY2017 1st Half		 -
27-Oct-2017 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract
  3. Approval of transaction with the largest shareholder
  4. Approval of insurance transaction with financial affiliates
  5. Approval of outsourcing new business management		 Approved -
■ Reported Matters
  1. Business results and activities of FY2017 3rd Quarter
  2. Results of the issuance of international bonds		 -
Date Agenda Items / Reported Matters Whether
approved		 Remarks
13-Jan-2016 □ Agenda Items
  1. Approval of acquisition of company’s own shares
  2. Approval of disposition of company’s own shares		 Approved -
27-Jan-2016 □ Agenda Items
  1. Approval of the 72nd (FY2015) financial statements and annual report
  2. Approval of business and investment plans for 2016
  3. Approval of transaction limit with the largest shareholder (FY2016)
  4. Approval of transaction between directors and affiliates (FY2016)
  5. Approval of transaction with affiliates
  6. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance
  4. Plant construction in Mexico		 -
3-Feb-2016 □ Agenda Items
  1. Approval of the results of pre-negotiation on Hyundai Motor’s GBC		 Approved -
19-Feb-2016 □ Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 72nd (FY2015) General Meeting of Shareholders		 Approved -
18-Mar-2016 □ Agenda Items
  1. Appointment of Chief Executive Officer
  2. Approval of dual-directorship
  3. Appointment of members of the Outside Director Recommendation Committee
  4. Appointment of members of the Ethics Committee
  5. Approval of the issuance of international bonds
  6. Approval of amendment of BoD rule and others		 Approved -
27-Apr-2016 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2016 1st Quarter		 -
27-Jul-2016 □ Agenda Items
  1. Approval of transaction with the largest shareholder
  2. Approval of payment guarantee of affiliates
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2016 1st Half
  2. Operation of fair trade compliance
  3. Results of the issuance of international bonds		 -
27-Oct-2016 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract
  3. Approval of insurance transaction with financial affiliates		 Approved -
■ Reported Matters
  1. Business results and activities of FY2016 3rd Quarter		 -
9-Nov-2016 □ Agenda Items
  1. Approval of acquisition of company’s own shares
  2. Approval of disposition of company’s own shares		 Approved -
Date Agenda Items / Reported Matters Whether
approved		 Remarks
23-Jan-2016 □ Agenda Items
  1. Approval of the 71st (FY2014) financial statements and annual report
  2. Approval of business and investment plans for 2015
  3. Approval of transaction limit with the largest shareholder (FY2015)
  4. Approval of transaction between directors and affiliates (FY2015)
  5. Approval of dual-directorship
  6. Approval of change of Fair Trade Compliance Officer		 Approved -
■ Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance
  4. Plant construction in Mexico		 -
26-Feb-2015 □ Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 71st (FY2014) General Meeting of Shareholders		 Approved -
20-Mar-2015 □ Agenda Items
  1. Appointment of Chief Executive Officer
  2. Appointment of the Chairman of the BoD
  3. Approval of dual-directorship
  4. Appointment of members of the Outside Director Recommendation Committee
  5. Appointment of members of the Ethics Committee
  6. Approval of transaction with affiliates
  7. Approval of financial transaction with financial affiliates by contract		 Approved -
24-Apr-2015 □ Agenda Items
  1. Approval of the issuance of corporate bonds
  2. Approval of appointment of Chief Compliance Officer
  3. Approval of transaction with affiliates
  4. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2015 1st Quarter		 -
24-Jul-2015 □ Agenda Items
  1. Approval of the issuance of corporate bonds
  2. Approval of transaction with affiliates
  3. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2015 1st Half
  2. Plant construction in Mexico
  3. Operation of fair trade compliance		 -
23-Oct-2015 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract
  3. Approval of transaction with the largest shareholder		 Approved -
■ Reported Matters
  1. Business results and activities of FY2015 3rd Quarter		 -
22-Dec-2015 □ Agenda Items
  1. Approval of acquisition of affiliate shares
  2. Approval of insurance transaction with financial affiliates		 Approved -
Date Agenda Items / Reported Matters Whether
approved		 Remarks
24-Jan-2014 □ Agenda Items
  1. Approval of the 70th (FY2013) financial statements and annual report
  2. Approval of business and investment plans for 2014
  3. Approval of transaction limit with the largest shareholder (FY2014)
  4. Approval of transaction between directors and affiliates (FY2014)		 Approved -
■ Reported Matters
  1. Actual state of internal accounting management system
  2. Compliance activities
  3. Operation of fair trade compliance		 -
28-Feb-2014 □ Agenda Items
  1. Approval of Convocation of and Agenda to be Submitted to the 70th (FY2013) General Meeting of Shareholders		 Approved -
21-Mar-2014 □ Agenda Items
  1. Appointment of Chief Executive Officer
  2. Approval of dual-directorship
  3. Appointment of members of the Ethics Committee
  4. Approval of transaction with affiliates
  5. Approval of financial transaction with financial affiliates by contract		 Approved -
25-Apr-2014 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2014 1st Quarter		 -
25-Jul-2014 □ Agenda Items
  1. Approval of transaction with affiliates
  2. Approval of financial transaction with financial affiliates by contract		 Approved -
■ Reported Matters
  1. Business results and activities of FY2014 1st Half
  2. Operation of fair trade compliance		 -
27-Aug-2014 □ Agenda Items
  1. Approval of investment in plant in Mexico
  2. Approval of participation in the bid for acquisition of real estate (KEPCO site)		 Approved -
26-Sep-2014 □ Agenda Items
  1. Approval of real estate purchase agreement (KEPCO site)		 Approved -
24-Oct-2014 □ Agenda Items
  1. Approval of real estate purchase agreement (KEPCO site)		 Approved -
■ Reported Matters
  1. Business results and activities of FY2014 3rd Quarter		 -
11-Nov-2014 □ Agenda Items
  1. Approval of acquisition of company’s own shares
  2. Appointment of Chief Executive Officer		 Approved -
17-Nov-2014 □ Agenda Items
  1. Approval of funding and payment guarantee of affiliates		 Approved -
29-Dec-2014 □ Agenda Items
  1. Approval of insurance transaction with financial affiliates
  2. Approval of transaction with affiliates		 Approved -

Sub-committees under BoD

Non-standing directors are elected from those who can contribute their profound expertise and experience in management, economics, accounting and legal affairs to the BoD’s operation. Sub-committees ensure rational and transparent management decision-making.

Audit Committee - Detailed Activities (Korean Ver.) GO
Transparent Management Committee - Detailed Activities (Korean Ver.) GO
Outside Director Recommendation Committee - Detailed Activities (Korean Ver.) GO
Compensation committee - Detailed Activities (Korean Ver.) GO

BoD Assessment and Compensation

Remunerations to standing and non-standing directors are made mainly in the form of annual base salaries within a wage ceiling capped according to their positions by the General Meeting of Shareholders.

BoD Compensation / Remuneration Item 2017 2018 2019
BoD Compensation Annual compensation to BoD KRW 2,768 mil KRW 7,615 mil
(including severance pay)		 KRW 2,969 mil
CEO Remuneration Average annual compensation
to CEO and average/median
annual compensation to
employees		 KRW 1,381 mil/
KRW 90 mil		 KRW 1,027 mil/
KRW 93 mil		 KRW 1,182 mil/
KRW 86 mil
Details of CEO Remuneration Business report
(Korean Ver.)		 Business report
(Korean Ver.)		 Business report
(Korean Ver.)
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Tag:
Directors, CEO, BOD Composition

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