Hyundai E&C Discloses Governance Report, Reaffirms Shareholder Return Policy with Dividend Hike

Hyundai E&C disclosed its corporate governance report, demonstrating high standards in shareholder rights, board independence, and internal controls.
Consolidated operating profit turned to a surplus of 653B KRW in 2025 from a loss of 1.26T KRW in 2024.
New dividend policy (2025-2027): minimum DPS raised to 800 won (from 600 won), TSR target of 25%+.
In 2025 CEO Investor Day, medium-to-long-term targets: revenue 40T+, OP margin 8%+, ROE 12%+ by 2030.
Board composition: 7 members (4 outside, 3 inside), all committees chaired by outside directors, audit and sustainability committees fully independent.
Removed cumulative voting exclusion clause (effective from Sep 2026), strengthening minority shareholder rights.
Introduced lead independent director system (July 2025) to enhance board independence.
Internal accounting control system and audit committee received 'adequate' opinions.
[AI Summary]Hyundai E&C's governance report confirms compliance with most best practices; the enhanced dividend policy and preparation for cumulative voting are positive shareholder-friendly moves. Together with the earnings turnaround and clear long-term targets, these factors are likely to support stock price.