Governance

Summary Board of Directors Committee

IS Dongseo’s Board of Directors determines the company's management goals and strategies for the benefit of the company and shareholders, and complies with the relevant laws to effectively supervise the management and faithfully perform its duties in accordance with the company's articles of incorporation.

Members of the board

The Board of Directors consists of a total of 8 members (5 outside directors and 3 inside directors), with outside directors accounting for more than half of the total, and appointed outside directors who have proven their independence and have no special relationship with the company to strengthen the check function. In addition, to represent various stakeholders, the Board of Directors is composed of outside directors with experience in various specialized fields such as law, economy, society, finance and accounting, and ESG to prevent the members of the board from being biased toward a specific background.The Board of Directors appointed Executive Director Kwon Min-seok, who is stably performing internal and external affairs as the general manager of management, as the chairman.To ensure efficient operation and independence of the Board of Directors, we established Board regulations to practice responsible decision-making.

Classification	Name	Appointment date	Term of office	Activity Committee
Inside director	Kwon Min-seok	March 2024	3 years	Management Committee
	Nam Byeong-ok	March 2024	3 years	Management Committee
	Lee Jun-gil	March 2023	3 years	Management Committee, ESG Committee
Outside director	Kang Hye-jeong	March 2022	3 years	ESG Committee,Outside Director Candidate Recommendation Committee
	Kim Dong-gun	March 2024	3 years	Outside Director Candidate,Recommendation Committee,Audit Committee
	Son Kyo-young	March 2024	3 years	ESG Committee,Outside Director Candidate Recommendation Committee,Audit Committee
	Wang Jeong-hong	March 2024	3 years	Outside Director Candidate Recommendation Committee
	Lee Sang-eun	March 2024	3 years	Outside Director Candidate Recommendation Committee,Audit Committee

the Board Rules PDF the Board Rules PDF

Board Skills Matrix Board Skills Matrix

Activities of Board of Directors

Date	Agenda	Voting Status	Attendance status
2023.12.15	① Approval of limit on loan to affiliates	Approved	8/9
2023.12.15	② Report on the results of the committee meeting	Report	10/11
2023.11.09	① Report on accounting settlement for the third quarter of 2023	Approved	9/11
2023.10.19	① Approval of investment in other corporations	Approved	8/11
2023.09.25	① Approval of investment in other corporations	Approved	8/11
2023.08.30	① Approval of investment in other corporations	Approved	9/11
2023.08.30	② Approval of lease contract	Approved	9/10
2023.08.10	① Report on accounting settlement for the half Year of 2023	Report	11/11
2023.06.26	① Collateral for land owned by affiliates	Approved	8/11
2023.06.26	② Provision of joint guarantees related to facility loans of affiliates	Approved	8/11
2023.05.11	① Report on accounting settlement for the first quarter of 2023	Report	11/11
2023.05.11	② Report on the results of the committee meeting	Report	11/11
2023.04.19	① Disposition of stocks of other corporations	Approved	9/10
2023.04.19	② Appointment of management committee members	Approved	9/10
2023.04.05	① Approval of investment in other corporations	Approved	10/11
2023.04.03	① Director's approval of competition	Approved	10/10
2023.04.03	② Appointment of CEO	Approved	10/10
2023.03.23	① Approval of investment in other corporations	Approved	8/10
	② Approval of lease contract	Approved	7/9
	① Report on the evaluation of the operation status of the internal accounting control system	Report	8/10
2023.03.16	① Approval of changes to the 48th financial statements	Approved	9/10
	② Recommendation of director candidates	Approved
	③ Holding of the 48th regular general meeting of shareholders	Approved
	④ Implementation of electronic voting at the 48th regular general meeting of shareholders	Approved
	⑤ Approval of investment in other corporations	Approved
	① Report on the operation status of the internal accounting control system	Report
2023.02.15	① Approval of the establishment of a plan for safety and health in 2023	Approved	8/10
2023.02.15	② Approval of the 48th financial statement (draft)	Approved	8/10
2023.01.04	① Approval of stock acquisition of another corporation	Approved	9/10
2023.01.04	② Approval of investment in other corporations	Approved	9/10

Date	Agenda	Voting Status	Attendance status
2022.12.23	① Revision of board regulations	Approved	10/10
	② Approval of the establishment of ESG Committee, establishment of regulations, and appointment of members	Approved	10/10
	③ Approval of the establishment of the management committee, establishment of regulations, and appointment of members	Approved	10/10
	④ Approval of limit on loan to affiliates	Approved	8/8
2022.11.07	① Report on accounting settlement for the third quarter of 2022	Report	9/10
2022.11.01	① Approval of joint guarantee for buyers’ interim payment loan	Approved	10/10
2022.10.17	① Investment in short-term financial instruments	Approved	9/10
2022.09.27	① Conclusion of a trust contract for the acquisition of treasury stocks	Approved	8/10
2022.09.26	① Approval of investment in other corporations	Approved	9/10
2022.09.26	① Approval of investment in other corporations	Approved	9/10
2022.08.31	① Approval of investment in other corporations	Approved	8/10
2022.08.08	① Approval of joint guarantee for buyers’ interim payment loan	Approved	8/10
	② Approval of investment in other corporations	Approved
	③ Approval of loan to affiliates	Approved
	① Report on accounting settlement for the second quarter of 2022	Report
2022.07.21	① Approval of loan to affiliates	Approved	8/10
2022.07.11	① Collateral for land owned by affiliates	Approved	9/10
2022.07.11	② Approval of investment in other corporations	Approved	9/10
2022.06.20	① Issuance of secured bonds	Approved	9/10
	② Approval of short-term borrowing	Approved
	③ Signing of a joint cost-sharing agreement	Approved
	④ Approval of building purchase transaction	Approved
2022.05.30	① Approval of joint guarantee for buyers’ interim payment loan	Approved	8/10
	② Approval of new borrowing	Approved
	③ Approval of investment in other corporations	Approved
2022.05.09	① Participation in paid-in capital increase of affiliates	Approved	7/10
	② Approval of investment in other corporations	Approved
	① Report on accounting settlement for the first quarter of 2022	Report
2022.03.17	① Approval of issuance of non-guaranteed privately placed bonds	Approved	9/9
2022.03.17	① Report on the evaluation of the operation status of the internal accounting control system	Report	9/9
2022.03.10	① Holding of the 47th regular general meeting of shareholders	Approved	9/9
	② Approval of the 47th financial statements (draft)	Approved
	③ Implementation of electronic voting at the 47th regular general meeting of shareholders	Approved
	① Report on the operation status of the internal accounting control system	Report
2022.02.10	① Approval of the establishment of a plan for safety and health in 2021	Approved	8/9
2022.02.10	② Approval of the 47th financial statements (draft)	Approved	8/9
2022.01.17	① Approval of issuance of non-guaranteed privately placed bonds	Approved	9/9
2022.01.17	② Acquisition of securities of other corporations	Approved	9/9

Date	Agenda	Voting Status	Attendance status
2021.12.24	① Approval of disposition of treasury stocks	Approved	7/9
2021.12.24	② Approval of change in joint guarantee	Approved	7/9
2021.12.20	① Approval of disposition of treasury stocks	Approved	8/9
	② Approval of lease contract	Approved
	③ Approval of lease contract	Approved
	④ Approval of agreement on limit of loan to affiliates	Approved
	⑤ Approval of loan to affiliates	Approved
2021.11.08	① Approval of investment in other corporations	Approved	9/9
	② Approval of investment in other corporations	Approved
	① Report on accounting settlement for the third quarter of 2021	Report
2021.10.18	① Approval of new borrowing	Approved	9/9
2021.09.15	① Provision of joint guarantee	Approved	9/9
2021.09.15	② Provision of joint guarantee	Approved	9/9
2021.08.12	① Approval of investment in other corporations	Approved	8/9
	② Approval of issuance of non-guaranteed privately placed bonds	Approved
	① Report on the accounting settlement for the half-year of 2021	Report
2021.07.19	① Approval of joint guarantee for buyers’ interim payment loan	Approved	9/9
2021.06.28	① Approval of land purchase	Approved	8/9
	② Approval of land lease contract	Approved
	③ Approval of investment in other corporations	Approved
2021.06.14	① Approval of new borrowing	Approved	8/9
	② Approval of new borrowing	Approved
	③ Approval of joint guarantee	Approved
	④ Transaction of affiliates’ securities	Approved
2021.05.17	① Approval of issuance of non-guaranteed privately placed bonds	Approved	9/9
	② Approval of stock acquisition of another corporation	Approved
	③ Lending funds to affiliates	Approved
	④ Revision of board regulations	Approved
	① Report on the accounting settlement for the first quarter of 2021	Report
2021.03.30	① Appointment of the chairperson of the board of directors	Approved	9/9
	② Appointment of CEO	Approved
	③ Appointment of members of outside director candidate recommendation committee	Approved
2021.03.10	① Holding of the 46th regular general meeting of shareholders	Approved	5/5
	② Approval of the 46th financial statement (draft)	Approved
	③ Implementation of electronic voting at the 46th regular general meeting of shareholders	Approved
	① Report on the operation status of the internal accounting control system	Report
2021.02.08	① Approval of the 46th financial statement (draft)	Approved	5/5
2021.02.08	② Approval of the establishment of a plan for safety and health in 2021	Approved	5/5
2021.01.04	① Limit on loan to affiliates	Approved	5/5
2021.01.04	② Appointment of compliance officer	Approved	5/5

Date	Agenda	Voting Status	Attendance status
2020.09.24	① Approval of the loan limit for business expenses of the redevelopment maintenance business association	Approved	5/5
2020.09.14	① Participation in paid-in capital increase of other corporations	Approved	5/5
2020.09.09	① Investment in other corporations	Approved	5/5
2020.08.31	① Investment in other corporations	Approved	5/5
2020.07.01	① Investment in other corporations	Approved	5/5
2020.06.04	① Payment of loan to E&F Private Equity Co., Ltd.	Approved	5/5
2020.05.06	① Partial change in division plan	Approved	3/5
2020.05.06	② Abolition of the branch	Approved	3/5
2020.04.27	① Partial change in division plan	Approved	3/5
2020.03.12	① Implementation of electronic voting at the 45th regular general meeting of shareholders	Approved	5/5
2020.02.25	① Holding the 45th regular general meeting of shareholders	Approved	4/5
	② Approval of the 45th financial statements (draft)	Approved
	③ Conclusion of a trust contract for the acquisition of treasury stocks	Approved
	④ Approval of the division plan for the Inus business division	Approved
	⑤ Disposition of stocks of other corporations	Approved
	① Report on the operation status of the internal accounting control system	Report
2020.02.13	① Approval of the 45th financial statements (draft)	Approved	5/5
2020.01.02	① Limit on loan to affiliates	Approved	5/5

Board Skills Matrix

A chart showing how the current board members have the competence indicators, such as expertise and experience, required by the board of directors

Classification	Inside director			Outside director
Classification	Kwon Min-seok	Nam Byeong-ok	Lee Jun-gil	Kang Hye-jeong	Kim Dong-gun	Son Kyo-young	Wang Jeong-hong	Lee Sang-eun
Leadership (CEO experience/CFO experience) Expertise for organizational management	○	○	○					○
Core industries Expertise in construction, manufacturing, and environmental industries		○	○	○
Mergers & Acquisitions/Capital Market (M&A) Expertise in decision-making for company investment activities	○
Legal/Public Policy Expertise in analyzing and responding to legal and policy risks					○		○
ESG (Environmental/Social/Governance) Expertise for review of ESG materiality r and decision-making				○
Finance/Accounting/Finance and risk management Finance and accounting expertise for management and supervision of company management						○	○	○
Gender	Male	Male	Male	Female	Male	Male	Male	Male

In order to secure management expertise and efficiency, outside directors consist of excellent personnel with expertise and experience
Currently, 5 outside directors have expertise in management, law, finance and accounting, and ESG
Education on company overview, operation of board of directors, board roles and legal responsibilities so that outside directors can quickly understand the management status and participate in management

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