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Company Information

LG Electronics' corporate governance and organization is provided so current and potential investors can better comprehend how the company is managed.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 75,000 people working in 118 locations around the world. With 2016 global sales of USD 47.9 billion (KRW 55.4 trillion), LG comprises four business units ― Home Appliance & Air Solutions, Mobile Communications, Home Entertainment and Vehicle Components ― and is one of the world's leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2016 ENERGY STAR Partner of the Year. For more news and information on LG Electronics, please visit LGnewsroom.com.

Board of Directors

Following the launch of the holding company, LG Corp., LG Electronics operates under an advanced corporate governance structure that comprises a professional administrator and a Board of Directors.

This structure helps us deploy more transparent, value-creating management activities that help increase corporate and shareholder value.

Management System

When LG Electronics removed the Circulating Investment Structure of its affiliated companies (through the launch of a holding company system), this enabled the holding company to take full charge of investments.

Evaluation and Compensation

Compensation for the BOD members is made within regulations pertaining to BOD compensation that has been approved at the General Shareholder's Meeting.

Director
Bon-Joon Koo
Vice Chairman at LG Corp.
Other director not engaged
in regular business
Seong-Jin Jo
Representative Director and CEO,
Vice Chairman at LG Electronics
Inside Director
Do-Hyun Jung
Representative Director and CFO,
President at LG Electronics
Inside Director
Chang-Woo Lee
Professor of Seoul National University
Outside Director,
Audit Committee
Joon-Keun Choi
Former CEO of HP Korea
Outside Director,
Audit Committee
Dae-Hyung Kim
Former CFO of GE Plastics Asia/Pacific
Outside Director,
Audit Committee
Yong-Ho Baek
Professor of Ewha University
Outside Director

Management System

When LG Electronics removed the Circulating Investment Structure of its affiliated companies (through the launch of a holding company system), this enabled the holding company to take full charge of investments. Consequently, LG Electronics has been able to focus on its own businesses while increasing the overall value of the Company. This corporate governance structure has laid the groundwork for increasing managerial transparency. Through a responsible management system comprising of the CEO of LG Electronics and a Board of Directors, we are taking huge steps in strengthening our competitiveness at both the domestic and international level, in order to maximize corporate and shareholder value.

Evaluation and Compensation

Compensation for the BOD members is made within regulations pertaining to BOD compensation that has been approved at the General Shareholder's Meeting. The evaluation of management and executives of LGE is held annually. Top management and executives are evaluated to determine whether they have set and achieved challenging goals, whether their job objectives composed of quantitative and non-quantitative factors were achieved, as well as their capability through fair and objective process, and appropriate compensation corresponding to the outcome of the evaluation is determined.