
Board of Directors
Those who love cars more than anything else
BoD Composition
-
- Position
- Chairman of Hyundai Motor Group
- Appointment Date
- March 15, 2003
- Expiration Date
- March, 2025
- Liability Insurance
- Yes
- President of Kia Corporation
- Executive Vice Chairman of Hyundai Motor Company
- (Current) Chairman of Hyundai Motor Group
-
- Position
- Chief Executive Officer
- Appointment Date
- June 10, 2020
- Expiration Date
- March, 2025
- Liability Insurance
- Yes
- Head of Global Operations Division
- (Current) President of Kia Corporation
-
- Position
- Executive Vice President
- Appointment Date
- March 09, 2018
- Expiration Date
- March, 2024
- Liability Insurance
- Yes
- Domestic Production Division
- (Current) Executive Vice President
-
- Position
- CFO & Executive Vice President
- Appointment Date
- March 15, 2019
- Expiration Date
- March, 2023
- Liability Insurance
- Yes
- (Current) CFO & Executive Vice President
-
- Position
- Member of Corporate Sustainability Management Committee, Outside Director Recommendation Committee, Compensation Committee
- Appointment Date
- March 09, 2018
- Expiration Date
- March, 2024
- Liability Insurance
- Yes
- Director of Korea Fair Trade Commission
- (Current) Advisor at Yoon & Yang Law Firm
-
- Position
- Member of Audit Committee, Sustainability Management Committee, Compensation Committee
- Appointment Date
- March 24, 2017
- Expiration Date
- March, 2023
- Liability Insurance
- Yes
- 20th Head of NTS (National Tax Service)
- (Current) Advisor at Yoon & Yang Law Firm
-
- Position
- Member of Audit Committee, Sustainability Management Committee, Outside Director Recommendation Committee
- Appointment Date
- March 24, 2017
- Expiration Date
- March, 2023
- Liability Insurance
- Yes
- Chairman of Korean Labor and Employment Relationships Association
- (Current) Professor of Business School at Korea University
-
- Position
- Member of Audit Committee, Sustainability Management Committee, Outside Director Recommendation Committee
- Appointment Date
- March 22, 2021
- Expiration Date
- March, 2024
- Liability Insurance
- Yes
- (Current) full-time member of the policy department of the Korea Academy of Science and Technology
- (Current) Professor of Political Science and Diplomacy at Yonsei University
- President of the Society for Cyber Communication
- Assistant Professor of Public Policy and Information Technology at Seoul National University of Science & Technology
- Self-assessment committee of the Ministry of Science and ICT
-
- Position
- Member of Sustainability Management Committee
- Appointment Date
- March 29, 2022
- Expiration Date
- March, 2025
- Liability Insurance
- Yes
- Advisor of Presidential Advisory Council on Science and Technology
- (Current) Professor of Mechanical Engineering at KAIST
Operation
At the top of the decision making hierarchy within the Kia organization, the Board of Directors (BoD) fits the specific requirements of the automotive business.
To ensure timely and quick decision-making, the CEO chairs the BoD at Kia. In addressing concerns over potential interference in the independence of the BoD, a protocol measure is in place that provides agenda items and other related information to all BoD members at least seven days before BoD meetings.
Date
Date | Agenda Items / Reported Matters |
Whether approved |
Remarks |
---|---|---|---|
26-Jan-2022 |
Agenda Items
Reported Matters
|
Approved | - |
25-Fed-2022 |
Agenda Items
Reported Matters
|
Approved | - |
29-Mar-2022 |
Agenda Items
|
Approved | - |
25-Apr-2022 |
Agenda Items
Reported Matters
|
Approved | - |
30-Jun-2022 |
Agenda Items
Reported Matters
|
Approved | - |
22-Jul-2022 |
Agenda Items
Reported Matters
|
Approved | - |
12-Aug-2022 |
Agenda Items
|
Approved | - |
24-Oct-2022 |
Agenda Items
Reported Matters
|
Approved | - |
27-Jan-2021 |
Agenda Items
Reported Matters
|
Approved | - |
19-Feb-2021 |
Agenda Items
Reported Matters
|
Approved | - |
22-Mar-2021 |
Agenda Items
|
Approved | - |
22-Apr-2021 |
Reported Matters
|
Approved | - |
22-Jul-2021 |
Agenda Items
Reported Matters
|
Approved | - |
27-Oct-2021 |
Agenda Items
Reported Matters
|
Approved | - |
09-Dec-2021 |
Agenda Items
Reported Matters
|
Approved | - |
22-Jan-2020 |
Agenda Items
Reported Matters
|
Approved | - |
19-Feb-2020 |
Agenda Items
Reported Matters
|
Approved | - |
24-Mar-2020 |
Agenda Items
|
Approved | - |
23-Apr-2020 |
Agenda Items
Reported Matters
|
Approved | - |
10-Jun-2020 |
Agenda Items
|
Approved | - |
23-Jul-2020 |
Reported Matters
|
- | - |
14-Oct-2020 |
Reported Matters
|
- | - |
26-Oct-2020 |
Agenda Items
Reported Matters
|
Approved | - |
25-Jan-2019 |
Agenda Items
Reported Matters
|
Approved | - |
20-Feb-2019 |
Agenda Items
|
Approved | - |
15-Mar-2019 |
Agenda Items
|
Approved | - |
25-Apr-2019 |
Agenda Items
Reported Matters
|
Approved | - |
23-Jul-2019 |
Agenda Items
Reported Matters
|
Approved | - |
23-Sep-2019 |
Agenda Items
|
Approved | - |
24-Oct-2019 |
Agenda Items
Reported Matters
|
Approved | - |
25-Jan-2018 |
Agenda Items
Reported Matters
|
Approved | - |
12-Feb-2018 |
Agenda Items
|
Approved | - |
09-Mar-2018 |
Agenda Items
|
Approved | - |
28-Mar-2018 |
Agenda Items
|
Approved | - |
27-Apr-2018 |
Agenda Items
Reported Matters
|
Approved | - |
27-Jul-2018 |
Agenda Items
Reported Matters
|
Approved | - |
26-Oct-2018 |
Agenda Items
Reported Matters
|
Approved | - |
26-Jan-2017 |
Agenda Items
Reported Matters
|
Approved | - |
23-Feb-2017 |
Agenda Items
Reported Matters
|
Approved | - |
17-Mar-2017 |
Agenda Items
|
Approved | - |
24-Mar-2017 |
Agenda Items
|
Approved | - |
7-Apr-2017 |
Agenda Items
|
Approved | - |
27-Apr-2017 |
Agenda Items
Reported Matters
|
Approved | - |
27-Jul-2017 |
Agenda Items
Reported Matters
|
Approved | - |
27-Oct-2017 |
Agenda Items
Reported Matters
|
Approved | - |
Date | Agenda Items / Reported Matters | Whether approved |
Remarks |
---|---|---|---|
26-Jan-2022 |
Agenda Items
Reported Matters
|
Approved | - |
25-Fed-2022 |
Agenda Items
Reported Matters
|
Approved | - |
29-Mar-2022 |
Agenda Items
|
Approved | - |
25-Apr-2022 |
Agenda Items
Reported Matters
|
Approved | - |
30-Jun-2022 |
Agenda Items
Reported Matters
|
Approved | - |
22-Jul-2022 |
Agenda Items
Reported Matters
|
Approved | - |
12-Aug-2022 |
Agenda Items
|
Approved | - |
24-Oct-2022 |
Agenda Items
Reported Matters
|
Approved | - |
Date | Agenda Items / Reported Matters | Whether approved |
Remarks |
---|---|---|---|
27-Jan-2021 |
Agenda Items
Reported Matters
|
Approved | - |
19-Feb-2021 |
Agenda Items
Reported Matters
|
Approved | - |
22-Mar-2021 |
Agenda Items
|
Approved | - |
22-Apr-2021 |
Reported Matters
|
Approved | - |
22-Jul-2021 |
Agenda Items
Reported Matters
|
Approved | - |
27-Oct-2021 |
Agenda Items
Reported Matters
|
Approved | - |
09-Dec-2021 |
Agenda Items
Reported Matters
|
Approved | - |
Date | Agenda Items / Reported Matters | Whether approved |
Remarks |
---|---|---|---|
22-Jan-2020 |
Agenda Items
Reported Matters
|
Approved | - |
19-Feb-2020 |
Agenda Items
Reported Matters
|
Approved | - |
24-Mar-2020 |
Agenda Items
|
Approved | - |
23-Apr-2020 |
Agenda Items
Reported Matters
|
Approved | - |
10-Jun-2020 |
Agenda Items
|
Approved | - |
23-Jul-2020 |
Reported Matters
|
- | - |
14-Oct-2020 |
Reported Matters
|
- | - |
26-Oct-2020 |
Agenda Items
Reported Matters
|
Approved | - |
Date | Agenda Items / Reported Matters | Whether approved |
Remarks |
---|---|---|---|
25-Jan-2019 |
Agenda Items
Reported Matters
|
Approved | - |
20-Feb-2019 |
Agenda Items
|
Approved | - |
15-Mar-2019 |
Agenda Items
|
Approved | - |
25-Apr-2019 |
Agenda Items
Reported Matters
|
Approved | - |
23-Jul-2019 |
Agenda Items
Reported Matters
|
Approved | - |
23-Sep-2019 |
Agenda Items
|
Approved | - |
24-Oct-2019 |
Agenda Items
Reported Matters
|
Approved | - |
Date | Agenda Items / Reported Matters | Whether approved |
Remarks |
---|---|---|---|
25-Jan-2018 |
Agenda Items
Reported Matters
|
Approved | - |
12-Feb-2018 |
Agenda Items
|
Approved | - |
09-Mar-2018 |
Agenda Items
|
Approved | - |
28-Mar-2018 |
Agenda Items
|
Approved | - |
27-Apr-2018 |
Agenda Items
Reported Matters
|
Approved | - |
27-Jul-2018 |
Agenda Items
Reported Matters
|
Approved | - |
26-Oct-2018 |
Agenda Items
Reported Matters
|
Approved | - |
Date | Agenda Items / Reported Matters | Whether approved |
Remarks |
---|---|---|---|
26-Jan-2017 |
Agenda Items
Reported Matters
|
Approved | - |
23-Feb-2017 |
Agenda Items
Reported Matters
|
Approved | - |
17-Mar-2017 |
Agenda Items
|
Approved | - |
24-Mar-2017 |
Agenda Items
|
Approved | - |
7-Apr-2017 |
Agenda Items
|
Approved | - |
27-Apr-2017 |
Agenda Items
Reported Matters
|
Approved | - |
27-Jul-2017 |
Agenda Items
Reported Matters
|
Approved | - |
27-Oct-2017 |
Agenda Items
Reported Matters
|
Approved | - |
Sub-committees under BoD
Non-standing directors are elected from those who can contribute their profound expertise and experience in management, economics, accounting and legal affairs to the BoD’s operation. Sub-committees ensure rational and transparent management decision-making.
BoD Assessment and Compensation
Remunerations to standing and non-standing directors are made mainly in the form of annual base salaries within a wage ceiling capped according to their positions by the General Meeting of Shareholders.
Year
BoD Compensation / Remuneration |
Item | 2019 | 2020 | 2021 |
---|---|---|---|---|
BoD Compensation |
Annual compensation to BoD* | KRW 2,969 mil | KRW 6,731 mil | KRW 3,335 mil |
CEO Remuneration |
Average annual compensation to CEO and average | KRW 1,182 mil | KRW 1,139 mil | KRW 1,294 mil** |
Details of CEO Remuneration |
Business report (Korean Ver.) |
Business report (Korean Ver.) |
Business report (Korean Ver.) |
* The annual remuneration of the BOD includes severance pay for the current year, and no severance pay is accrued in 2019 and 2021.
** Average annual compensation of employees in 2021 is KRW 101 million
Details of Bod Compensation in 2021
(Unit: KRW million)
Board members | Number of members | Total Amount | Average compensation per member |
---|---|---|---|
Inside Directors | 4 | 2,915 | 729 |
Outside Directors | 2 | 168 | 84 |
Audit Committee members | 3 | 252 | 84 |
Total | 9 | 3,335 | - |
Remuneration details of Internal Directors including CEO and CFO
(Unit: KRW million)
Name | Position | Total Amount |
---|---|---|
Ho-Sung Song | CEO | 1294 |
Jun-Young Choi | Executive Vice President | 943 |
Woo-Jeong Joo | Executive Vice President (CFO) | 678 |
Total | 2,915 |
* Eui-Sun Chung, Chairman of Hyundai Motor Group, is not being paid
CEO Ho-Sung Song
(Unit: KRW million)
Type of Income | Total Amount | Criteria and methods | |
---|---|---|---|
Salary Income | Wage | 979 |
The salaries are determined based on Kia’s salary table for executives, within the limits set by the resolution of the general meeting of shareholders. The salary of KRW 598 million was determined for the CEO after named, under comprehensive consideration of position, expertise, performance, and contribution under the limit of remuneration. The salary will be paid in installments from June to December 2020. |
Bonus | 315 |
[Performance Incentives] Based on the standards for director remuneration (short-term incentives), KRW 270 million was paid in comprehensive consideration of business performance such as revenue and operating income, contribution as an executive officer, internal and external business environment. |
|
Gains from Exercising Stock Options | - | - | |
Other Salary Income | - | - | |
Retirement Income | - | - | |
Other Income | - | - |
Executive Vice President Jun-Young Choi
(Unit: KRW million)
Type of Income | Total Amount | Criteria and methods | |
---|---|---|---|
Salary Income | Wage | 736 |
The salaries are determined based on Kia’s salary table for executives, within the limits set by the resolution of the general meeting of shareholders. The salary of KRW 736 million was determined under comprehensive consideration of position, expertise, performance, and contribution under the limit of remuneration. The salary will be paid in installments from January to December 2021. |
Bonus | 207 |
[Performance Incentives] Based on the standards for director remuneration (short-term incentives), KRW 207 million was paid in comprehensive consideration of business performance such as revenue and operating income, contribution as an executive officer, internal and external business environment. |
|
Gains from Exercising Stock Options | - | - | |
Other Salary Income | - | - | |
Retirement Income | - | - | |
Other Income | - | - |
Executive Vice President Woo-Jeong Joo
(Unit: KRW million)
Type of Income | Total Amount | Criteria and methods | |
---|---|---|---|
Salary Income | Wage | 503 |
The salaries are determined based on Kia’s salary table for executives, within the limits set by the resolution of the general meeting of shareholders. The salary of KRW 503 million was determined under comprehensive consideration of position, expertise, performance, and contribution under the limit of remuneration. The salary will be paid in installments from January to December 2021. |
Bonus | 175 |
[Performance Incentives] Based on the standards for director remuneration (short-term incentives), KRW 175 million was paid in comprehensive consideration of business performance such as revenue and operating income, contribution as an executive officer, internal and external business environment. |
|
Gains from Exercising Stock Options | - | - | |
Other Salary Income | - | - | |
Retirement Income | - | - | |
Other Income | - | - |
* Details of BoD Compensation in 2021 is extracted from ‘2021 Annual Report’ filing submitted on Mar 21st, 2022.