We strive to earn the trust of shareholders, customers, members and suppliers by establishing sound and robust governance.
| Governance Management Strategy | ||
|---|---|---|
| Strategic Direction | Sustainable Growth We continue to create sustainable growth | |
| Focus Areas | Advancement of Governance Structure  Enhancing risk management governance and advancing board excellence through improving board diversity, board evaluations, and compensation systems Ethics and Compliance Management  Enhancing ethical and compliance management and risk management systems, while overseeing ethical and compliance performance | |
OCI Holdings is dedicated to earning the trust of customers and fulfills corporate social responsibility with the best technology and products as a global green energy and chemical company. To this end, OCI Holdings enacted the OCI Holdings Corporate Governance Charter and pledges to protect the rights and interests of its stakeholders such as shareholders, customers, members and community.
Read the charterTo maintain management stability and continuity and minimize uncertainty such as a management vacuum, OCI Holdings has established and manages a succession policy and cultivates candidates for representative director.
Read the charter| Code of Best Practices recommendations | Adoption by OCI Holdings | Remark |
|---|---|---|
| Enactment of employee code of ethics | O | Enacted Code of Ethics for Employees (January 1, 2005) |
| Composition of the Board of Directors (outside directors as majority) | O | As of 2024, 66.7% (Four of Six Directors) |
| Convening the Board of Directors regularly | O | Convening the Board of Directors once a month |
| Cumulative voting | X | - |
| Vote in writing | X | - |
| E-voting | X | Introduced in the 50th annual general shareholders' meeting of shareholders by the resolution of the Board of Directors |
| Provision of information on directors prior to the convening of the Board of Directors | O | Agendas are distributed three days before the Board of Directors meeting |
| Disclosure of details of activities, attendance rate, and voting results on major agendas at the Board of Directors | O | Post business reports, quarterly and semi-annual reports, and governance report on the website |
| Installation of specialized committees under the Board of Directors | O | Outside Director Nomination Committee, Audit Committee, Remuneration Committee, Internal Trading Committee, ESG Committee |
| Enactment of regulation for the operation of the Board of Directors | O | Enacted regulation on the Board of Directors (January 1, 1967) |
| Enactment of regulation on the operation of committees | O | Enacted regulations on the operation of the Outside Director Nomination Committee, Audit Committee and Remuneration Committee (March 5, 2008) Enacted regulations on the operation of the Internal Trading Committee (March 26, 2019) and ESG Committee (July 28, 2021) |
| Independence of outside directors | O | Persons who have eligibility pursuant to the Commercial Act are nominated as candidates for outside director by the Outside Director Nomination Committee. Elected by the general meeting of shareholders |
| Purchase of insurance for directors at company expense | O | Purchased liability insurance for all registered officers |
| Composition of Audit Committee (all outside directors) | O | - |
| Certification of the correctness of business reports | O | Confirmed by the representative director and responsible officers |
| Analysis of differences with Code of Best Practices | O | Post on the OCI Holdings website |
OCI Holdings carries out ethical management as an enterprise respected by shareholders, customers and employees. The company enacted and proclaimed the Code of Ethics for Employees in January 2005 and encourages employees to perform tasks in a transparent, fair and rational manner.
The Code of Ethics for Employees presents our detailed code of conduct regarding responsibilities and obligations for customers and shareholders, fair performance of duties, protection of company assets and information protection, sound life at work and the society, and contributions to the nation and society.
All employees of OCI Group try to practice ethical management by strictly observing the Code of Ethics, and we plan to expand our ethical management to our subsidiaries and suppliers. OCI Group will continue to strive to be a trusted and respected company by stakeholders by consistently carrying out ethical management.
Code of Ethics for Employees