Governance

Board of Directors

SK Innovation’s board of directors holds board meeting once a month in principle, and materials are provided and reported in advance so that the board of directors can sufficiently review the agenda. In addition, when urgent issues arise, we hold a board meeting quickly as possible and make prompt decision to lead professional and transparent management activities.

Activities

2026

Date Ageda Content Approval Attendance of Independent Directors (Total Attending Directors)
2026.06.30 Resolution items 1. Renewal of D&O Liability Insurance FY 2026
2. Lease Agreement for SK Seorin Building
3. Execution of the Shareholders’ Agreement for the Quynh Lap LNG to Power Project in Vietnam and Approval of an Increase in SK Innovation’s 2026 Investment Budget Cap
 1. Approved
2. Approved
3. Approved 		6(9)
Reporting items 1. AI Investment Co. (Tentative Name) Shareholder’s Agreement
 -
2026.06.08 Resolution items 1. Execution of a Business Transfer Agreement for the Renewables Division

 1. Approved 6(9)
2026.05.27 Resolution items 1. Follow-on Investment and Participation in Capital Increases
2. Establishment of the Special Committee and Adoption of Its Charter
3. Increase in SK Innovation’s 2026 Investment Budget Cap
 1. Approved
2. Approved
3. Approved 		6(9)
Reporting items 1. F/U of committee activities
 -
2026.04.28 Resolution items 1. CEO’s Long-term Incentive
2. Approval of Transactions with Affiliates
3. Approval of Internal Trading for Operation Expenses of SUPEX Council in 2026
4. SK Innovation's Sale of Equity Interest in Daehan Oil Pipeline Corporation
5. Equity Investment for IGE
6. Providing a debt guarantee for SKBMP in relation to Long-Term Debt
 1. Approved
2. Approved
3. Approved
4. Approved
5. Approved
6. Approved 		6(9)
Reporting items 1. Financial results for the 1st quarter ended on Mar 31, 2026
2. Review of a Business Transfer Agreement for the Renewables Division
3. SK on Business Status
4. F/U of committee activities
 -
-
-
-
2026.03.24 Resolution items 1. Election of Board Chairperson
2. Composition of Committes and Election of Committee members
3. Revision of Bylaws of the Board of Directors, Charter for the Committees and AOI
4. Election of CEO
5. Approval of issuance limit for domestic unsecured corporate bonds in 2026.
6. Quarterly Trading on Goods & Services with SK ecoengineering
 1. Approved
2. Approved
3. Approved
4. Approved
5. Approved
6. Approved 		6(9)
Reporting items 1. 2026 SK Innovation CEO Key Priority Initiatives
2. Execution of Business Development Expenses for the Quynh Lap LNG to Power Project in Vietnam.
3, Investment in ESS projects in Korea
4. 2023 Operation Results and 2024 Plans for Compliance/Fair Trade Compliance Programs
5. F/U of committee activities
 -
-
-
-
-
2026.02.27 Resolution items 1. Amendment to the Articles of Incorporation
2. Convening of the 19th Annual General Meeting of Shareholders and Approval of Agenda
3. Equity Investment Agreement in AI Investment Co.(tentative name)
4. Approval of 2026 Transation Limits with SK Materials AirPlus Incorporated
5. 2026 SK innovation Safety & Health Management Plan 		1. Approved
2. Approved
3. Approved
4. Approved
5. Approved 		6(8)
Reporting items 1. Development Plan for the Quynh Lap LNG to the Power Project in Vietnam
2. Report on the Assessment of Internal Control over Financial Reporting
3. Results of the Assessment of Internal Control over Financial Reporting
4. SKIET Convertible Bond Issuance
5. Sale of Entire Equity Interest in Oilhub Korea Yeosu Co., Ltd. Held by SKIPC
6. F/U of committee activities 		-
-
-
-
-
-
2026.02.12 Resolution items 1. Signing of Memorandum of Understanding for the Renewables Business Transfer 1. Approved 5(7)
2026.01.27 Resolution items 1. Approval of 19th Financial Statement
2. Approval of 19th Sales Report
3. Approval of mySUNI Personnel Dispatch Settlement Transaction
4. Establishing the Total Service Contract Amount for 2026 with SK Innovation America, Inc.
5. Approval of the Shareholders’ Agreement for Namyangju Combined Heat and Power 		1. Approved
2. Approved
3. Approved
4. Approved
5. Approved 		5(7)
Reporting items 1. SK on Business Status
2. Report on the Sale of Equity Stake in Ningbo EPDM
3. 2025 Board evaluation
4. F/U of committee activities 		-
-
-
-

Communication with Stakeholders

Date of Training Events Content
2025.06.11 Female Independent Directors-SKI Female Executives Meeting (2nd) Discussion on Female Leadership and the Importance of Developing Female Talent
2025.04.16 Female Independent Directors-SKI Female Executives Meeting (1st) Discussion on Female Leadership and the Importance of Developing Female Talent
2024.06.11 SUPEX Talent Development Committee Lecture Lecture at the 2024 Group ELP (Executive Leadership Program) New Selection Training
2024.04.19 mySUNI Panel Discussion Participation as a panelist in the Global Marketing session
2024.04.11 SK Group New Independent Directors Workshop Update on the implementation of the SK Innovation Governance Story
2023.11.28 ACGA Meeting SK Innovation’s Governance innovation story and net zero status
2023.11.15 Women Corporate Directors Board-centered governance Innovation
2023.11.02-03 '23 Year Performance of SK Innovation Subsidiary Financial Story' and '24 Year Plan Session Share '23 Year Performance Look-back' and '24 Year Plan by Subsidiary
2023.10.31 SK Directors' Summit 2023 SK Group's Governance Innovation Strategy and Stakeholder-centered Management Expansion Plan
2023.09.05 Interview on the Governance Structure of the Korea ESG Standards Institute Current Status of SK Innovation Governance and Strategy for Improvement
2023.08.21-22 Icheon Forum 2023 Measures to respond to changes in business environment such as AI acceleration and to enhance corporate sustainability
2023.07.26 2023 Governance Sub-Forum for Advancement of Governance Story Sharing the current status of SK Innovation Governance Story and conducting Q&A sessions for members
2023.07.11 SK Inno News Interview Differences and Future Plans of SK Innovation's Board of Directors
2023.07.03 Council of Independent Directors of Group Companies SK Innovation's board of directors' evaluation plan
2023.04.19,
2023.04.26,
2023.05.03		 GBS in-house broadcasting Operation of SK Innovation Governance Story and Board of Directors
2023.04.07 New Independent Directors of Group Workshop SK Innovation Governance Stroy Practice Status
2023.03.30 SK Innovation's 16th Annual Meeting of Shareholders Future Strategy of SK Innovation and Direction of Shareholder Return
2023.02.07 Interview with SK Innovation Management in 2023 Board role to implement SK Innovation Financial Stories
2022.10.06 CA100+ Conference Explanation and Q&A on Major ESG activities of SKI for CA100+ Members
2022.03.24 The Bell Business strategy Forum SK Innovation's ESG Management and Governance innovation Story
2022.02.16 BlackRock Conference call Discussion of SK's Financial Story and Governance Story
2021.09.29 Asia ESG Symposium Presented the story of SK Innovation's governance innovation at the symposium hosted by the Asian Daily under the theme of 'Sustainable Korean Governance: SK Innovation Governance Story'.
2021.08.04 ACGA (Asia Corporate Governance Associate) Conference Held Q&A sessions and declared commitment to innovating the governance structure of the Board of Directors and the company to major investors in the Asia-Pacific region, including BlackRock and a pension asset management institution in the Netherlands.
2021.07.01 SK Innovation Story Day Set the directions for corporate strategy based on advanced governance and declare commitment to managing the implementation of strategies.

Board evaluation method

Overall board evaluation

  • Self-evaluation

    Assessment of the activities of the Board of Directors for the composition, roles, responsibilities and operation of the Board

  • Quantitative performance

    Objective evaluation of the Board's contribution to corporate values and board-centered governance

  • Affiliated committee evaluation

    Evaluation of the composition and roles of committees

Board member evaluation

Absolute evaluation of the main capacities an executive director should possess

  • Providing references

    Providing quantitative activity indicators for each board member - Attendance rate, number of agenda items proposed, attendance of director training, and amount of communication with stakeholders.

  • Director peer evaluation

    Conducting peer evaluations of their leadership, understanding, and fidelity.

  • Confirming the evaluation and providing feedback

    Concluding and confirming the peer evaluation results and providing individual feedback.