LX Semicon Discloses 2026 Corporate Governance Report: Maintains 30% Dividend Payout and Board Majority of Outside Directors, but Some Non-Compliance Issues Remain
LX Semicon filed its corporate governance report as of May 29, 2026. The board consists of 2 inside directors, 1 non-executive director, and 4 outside directors (57% outside ratio)
The largest shareholder LX Holdings and two others hold 33.11%, while minority shareholders hold 66.89%
Cash dividend for FY2025 was KRW 1,500 per share (total KRW 24.4 billion), down 37.5% YoY, but the payout ratio remained around 30%
Non-compliance items include: dividend policy not publicly announced, board gender diversity (all male), and lack of fully independent internal audit department. The company is reviewing improvements
CEO succession policy was formalized in 2026, and regulations restricting appointment of those responsible for corporate value damage were newly established
[AI Summary]This governance report is a routine disclosure with no material positive or negative events. While the dividend cut and some governance gaps are disappointing, overall governance standards are adequate, leading to a neutral impact on stock price