ASIA PAPER MANUFACTURING Publishes 2025 Corporate Governance Report with 53.3% Compliance Rate and Ongoing Shareholder Returns
The 2025 corporate governance key indicator compliance rate is 53.3%, with non-compliance in areas such as failure to provide a 4-week advance notice for shareholder meetings and lack of dividend predictability.
The board consists of 5 inside directors and 2 outside directors (including 1 female), with 100% attendance at board meetings.
For 2025, a final dividend of KRW 200 per share and an interim dividend of KRW 50 per share were paid, totaling approximately KRW 9.6 billion. The payout ratio was 32.5% on a consolidated basis and 33.0% on a separate basis.
During 2025, the company canceled 2.3 million treasury shares in two rounds, and an additional 1.03 million shares were canceled in March 2026, reducing outstanding shares to 39,449,510.
Five board committees are in operation, including the Internal Transaction Committee and Risk Management Committee, each with a majority of outside directors.
The audit function is performed by a single full-time auditor (an accounting/finance expert), with no separate audit committee.
Samil PwC (Anjin Accounting Corp.) was appointed as external auditor for 2025-2027, with no non-audit services. Quarterly written reports are submitted to the internal audit body.
An ESG management council operates to support decision-making on environmental, social, and governance matters.
[AI Summary]This report is a routine disclosure of the company's 2025 governance practices. While the compliance rate of 53.3% is low, the company is actively pursuing shareholder returns through share buybacks, cancellations, and dividends. The board and audit bodies show adequate independence and expertise. However, improvements are needed in shareholder meeting notice periods and dividend predictability.