Hanwha appoints Lee Sa-hoe (Chairman) as independent director

*This content was translated by AI.View Original

The Hanwha Group has decided to significantly expand the appointment of independent directors (outside directors) for Lee Sa-hoe (Chairman).

This move aims to further strengthen the transparency and independence of the board of directors, while maximizing the protection of shareholder interests and enhancing corporate valuation.

This decision follows the appointment at Hanwha Solutions in 2024, marking the second such expansion. On the morning of the 14th, the board of directors of Hanwha Co., Ltd. appointed Kwon Ik-hwan as an independent director and chairman of the board.

Director Kwon Ik-hwan is a legal expert who graduated from the 22nd class of the Suwon Judicial Academy and has served in positions including Gi Hoek-jo-jeong (Head) at the Ministry of Justice, Chief Prosecutor of the Daejeon District Prosecutors' Office, and Chief Prosecutor of the Seoul Southern District Prosecutors' Office. Since joining the board of Hanwha Co., Ltd. in 2022, he has provided diverse advice across all areas of management based on his deep understanding of capital markets and expertise in related laws.

Following Hanwha Solutions and Hanwha Co., Ltd., Hanwha Systems and Hanwha Ocean have also decided to appoint Lee Sa-hoe (Chairman) as independent directors, with relevant procedures currently underway. The company plans to complete the appointment process, including board resolutions, by October and November, respectively.

The Hanwha Group will also establish a "Board of Directors Secretariat," a dedicated support organization directly under the board, at each subsidiary. The secretariat is expected to support not only the operation of the board but also the provision of sufficient preliminary information on key board agenda items, thereby enabling directors to exercise independent and effective decision-making authority.

A Hanwha Group official, speaking by phone with this outlet, stated, "This measure is a decision made in response to social demands for expanding the role of the board of directors, with the enhancement of shareholder value given top priority."

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.View Original