Asiana Airlines ESG Committee established… Strengthening the independence of the board of directors

Asiana Airlines(21,850 +2.10%)A new ESG (Environmental, Social, Governance) Committee is established within this Board of Directors to focus on ESG management.

Asiana Airlines approved the amendment of the Articles of Incorporation for the establishment of a new committee at the general shareholders’ meeting held at its headquarters in Oso-dong, Seoul on the 30th.

Asiana Airlines decided to establish an ESG committee, compensation committee, and safety committee at the board of directors held after the shareholders’ meeting. As a result, the number of committees within the BOD has increased to five, including the existing Audit Committee and the Outside Director Candidate Recommendation Committee.

Asiana Airlines explained that it has established an independent governance structure for ESG management by separating the CEO and the chairman of the board of directors from the board of directors. The newly established ESG committee focused on securing independence, consisting of two members besides the chairperson and all outside directors. Asiana CEO Jeong Seong-gwon resigned from his position as chairman of the board of directors, and outside director Hae-sik Park was appointed as chairman of the board.

An Asiana Airlines official said, “We are trying to spur the improvement of corporate governance by securing the independence and transparency of the board of directors by establishing a secretariat of the board of directors to support the activities of the board of directors and five committees, and to raise corporate value to the next level through ESG management.” said.

Oh Jung-min, reporter at Hankyung.com blooming@hankyung.com

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