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SK CORP UNVEILS ROAD MAP FOR GOVERNANCE REFORMS.
SEOUL, Feb 2 Asia Pulse - SK Corp. (KSE:003600), struggling with management challenges from foreign shareholders, said Friday it will fill half of its board seats with outside directors starting this year as part of its corporate governance reforms.
Unveiling a blueprint for sweeping corporate overhaul, SK Corp. said it will gradually heighten its governance standards in the next stage, raising the share of outsiders on its board to over 70 per cent by 2006.
South Korea's largest oil refiner, which is affiliated with the SK Group, also vowed to establish a management transparency committee that will oversee all aspects of company operations, controlled by outside directors, company officials said.
SK Corp. also announced plans to set up two more independent panels to ensure impartiality in the selection of outside directors.
SK Corp.'s announcement of a governance road map came one day after the Monaco-based investment ...
- SK CORP. UNVEILS ROAD MAP FOR GOVERNANCE REFORMS.
- News wire article from: YON - Yonhap News Agency of Korea January 30, 2004 700+ words
...Jan. 30 Asia Pulse -- SK Corp., struggling with management...part of its corporate governance reforms. Unveiling a blueprint...corporate overhaul, SK Corp. said it will gradually...company officials said. SK Corp. also announced plans...
- SOVEREIGN URGES SK CORP. TO KEEP DISTANCE FROM AFFILIATES.
- News wire article from: AsiaPulse News May 13, 2003 700+ words
...it is important that SK Corp. demonstrate that it...statement. Sovereign said SK Corp.'s noncommittal attitude...Global. It also urged SK Corp. to focus on restoring...through strong corporate governance reforms. (Yonhap) 13-05...
- SOVEREIGN ASSET URGES KOREA'S SK CORP. TO CARVE OWN PATH.
- News wire article from: AsiaPulse News April 28, 2003 700+ words
...release. "It is time for SK Corp. to chart an independent path." The fund said SK Corp. shareholders and creditors...through strong corporate governance reforms. "Shareholders have...Enough is enough." SK Corp.'s chairman Chey Tae...
- Sovereign Runs Newspaper Ads Against SK Corp. Management.
- News wire article from: YON - Yonhap News Agency of Korea February 9, 2004 700+ words
...minister, for election to SK Corp's board of directors...also pledged to oust SK Corp.'s current management...slush-fund scandals. SK Corp., while expressing...part of its corporate governance reforms. SK also said it will...
- SK Corp. Affiliates Raise Stake in Their Holding Company.
- News wire article from: YON - Yonhap News Agency of Korea January 2, 2004 700+ words
...Jan. 2 (Yonhap) -- Affiliates of SK Corp. have increased their combined stake...was the result of a Dec. 18 decision by SK Corp.'s board of directors to sell 4.6...The board made the decision to protect SK Corp. from a hostile takeover, in particular...
- SK CORP. AFFILIATES RAISE STAKE IN THEIR HOLDING COMPANY.
- News wire article from: AsiaPulse News January 2, 2004 700+ words
...SEOUL, Jan 2 Asia Pulse - Affiliates of SK Corp. (KSE:03600) have increased their...was the result of a Dec. 18 decision by SK Corp.'s board of directors to sell 4.6...The board made the decision to protect SK Corp. from a hostile takeover, in particular...
- SK CORP. SHARE PRICE SINKS ON SOVEREIGN ANNOUNCEMENT.
- News wire article from: AsiaPulse News June 21, 2005 700+ words
...June 21 Asia Pulse -- The share price of SK Corp. dropped sharply Tuesday, a day after...refiner. Despite soaring oil prices, SK Corp. finished 2.66 percent down at 54...which holds a 14.82-percent stake in SK Corp., said in a public disclosure Monday...
- SK Corp. share price sinks on Sovereign announcement.
- News wire article from: YON - Yonhap News Agency of Korea June 21, 2005 700+ words
...June 21 (Yonhap) -- The share price of SK Corp. dropped sharply Tuesday, a day after...refiner. Despite soaring oil prices, SK Corp. finished 2.66 percent down at 54...which holds a 14.82-percent stake in SK Corp., said in a public disclosure Monday...