Corporate Governance Grade

    Comparision with Best Practice Recommendations

    Best Practice Recommendations SK broadband Reference
    Cumulative Voting System X excluded from Articles of Incorporation
    Documentary Voting System X
    separation of BOD Chairmanship from CEO-ship X
    BOD Composition Requirement
    (outside directors representing overwhelming majority)
    O
    outside directors' independence
    (independent of the Company, management and majority shareholders)
    O
    Nomination Committee Composition Requirement
    (outside directors representing overwhelming majority)
    O
    Compensation Committee Composition Requirement
    (all outside directors)
    X
    Audit Committee Composition Requirement (all outside directors) O
    stock options based on business performance X
    verification on the accuracy of financial report O
    setting and publicly disclosing corporate code of ethics O posted on the web page
    explanation on the difference from Best Practice Recommendations O
    BOD evaluation X
    TOP