LG Chem Director To Meet Investors Abroad

LG Chem's Independent Director Lee Young-han will embark on a global tour of investors in Hong Kong and Singapore on August 13th. This marks the inaugural appearance of an independent director in an overseas Non-Deal Roadshow (NDR), aimed at enhancing the company's corporate governance practices. Unlike traditional business strategy briefings, the roadshow will concentrate on the governance agenda, with key topics including the board of directors' current performance, recent changes following the revised Commercial Act, and the Compensation Committee's activities.

The event will also feature feedback from stewardship representatives of institutional investors, who will provide input on corporate governance and ESG policies. Lee Young-han, an accounting, taxation, and finance specialist currently serving as a University of Seoul professor, was appointed as Audit Committee chairperson in March.

He aims to share shareholder results and governance advancements, seeking global investor consensus on measures to boost corporate value. LG Chem has recently implemented mechanisms to bolster board independence and transparency, such as a Compensation Committee for fair remuneration decisions and quarterly reporting of investor opinions to independent board members.

The company operates six committees in total, led primarily by independent directors with specialized expertise. Director Lee assured that he will maintain an independent and responsible role, ensuring shareholder voices are accurately represented in board decision-making. LG Chem intends to continue advancing its governance system, including the establishment of a new Compensation Committee in 2025.