Disclosure of Corporate Governance Report: Enhancing Shareholder Value through Dividend Expansion and Transparent Governance, Strengthening ESG Management
CJ Logistics Corporation disclosed its 2025 corporate governance report, aiming to enhance shareholder value and strengthen sustainable management through dividend expansion (minimum DPS of 800 KRW for 2024-2026, up to 20% of free cash flow) and transparent board operations (majority outside directors, all-outside audit committee, removal of cumulative voting exclusion).
Shareholder return policy: dividend within 20% of consolidated free cash flow for 2024-2026, with minimum DPS of 800 KRW. Paid 800 KRW per share for 2024 and 2025 (up from 500 KRW). Record date set after dividend decision to enhance predictability.
Board composition: 3 inside directors, 4 outside directors (majority), all outside directors meet independence requirements. Audit, outside director nomination, and internal transaction committees are all outside directors. Compensation and ESG committees have outside director majority.
Governance improvements: removed cumulative voting exclusion (reflecting law amendment), introduced lead outside director system (Dec 2025), adopted board self-evaluation. AGM notice period is 2 weeks, but aiming for 4 weeks with process improvement.
Internal control and audit: operates internal accounting management, compliance control, and disclosure information management systems. Audit committee holds quarterly meetings with external auditors without management, evaluated internal accounting management system as effective.
[AI Summary]Through this governance report, CJ Logistics focuses on shareholder returns and governance transparency with dividend expansion, minimum DPS of 800 KRW, and introduction of lead outside director. However, non-compliance with the 4-week AGM notice period (currently 2 weeks) leaves room for improvement, leading to a neutral impact on stock price.