Dividend and Shareholder Return Policy: F&F disclosed its Value-Up Plan on April 30, 2026, planning to use at least 25% of separate net income for shareholder returns from 2025 to 2027, with a minimum dividend of KRW 2,000 per share.
Board Composition and Independence: The board consists of 3 inside directors and 4 outside directors (57.14%). The Audit Committee and Outside Director Nomination Committee are composed entirely of outside directors, ensuring independence.
Protection of Shareholder Rights: The company supports shareholder participation through electronic voting, avoiding peak meeting dates, and providing guidance on shareholder proposals.
Internal Control and Risk Management: F&F operates enterprise-wide risk management, internal accounting controls, and compliance policies, and has an independent internal audit department (Management Improvement Team).
Support and Evaluation of Outside Directors: The company provides training for outside directors, conducts self-evaluations, and plans to reflect results in reappointment decisions.
[AI Summary]F&F's corporate governance report demonstrates overall compliance with best practices. The concretization of the shareholder return policy (introduction of minimum dividend) and strengthening of board independence (all outside directors on the audit committee) are positive. However, the provision of dividend predictability is still partially incomplete (to be applied from 2026) and the lack of English materials for foreign shareholders remain areas for improvement. Overall, the company maintains stable governance, and potential for further shareholder returns is worth noting.