LG Chem holds first independent director NDR to engage global investors

LG Chem announced Thursday that it is holding its first non-deal roadshow (NDR) featuring an independent director, as part of efforts to strengthen direct communication between the board and shareholders.

The company is conducting an overseas governance NDR in Hong Kong and Singapore, targeting global institutional investors. Unlike conventional NDRs that focus on business strategy and financial performance, the event centers on governance topics — including the current state of board operations, changes stemming from the revised Commercial Act, and the activities of the compensation committee. Most institutional participants attending the NDR are stewardship officers.

Independent director Lee Young-han will meet with global institutional investors to share the results of the most recent shareholders meeting along with the company's progress and plans for advancing its governance standards. Through these meetings, LG Chem aims to gather diverse shareholder views and build broader consensus on improving corporate governance and enhancing shareholder value.

Lee was appointed as a separately elected audit committee member at LG Chem in March 2024 and currently serves as chair of the audit committee. He is a professor in the Department of Taxation at the University of Seoul and dean of its College of Liberal Convergence, and brings expertise in accounting, taxation and finance through advisory roles at the National Tax Service, the Financial Services Commission and Korea Exchange.

LG Chem has been steadily expanding its governance framework in recent years. Last November, it established a compensation committee to strengthen the objectivity and transparency of executive pay decisions and is currently discussing the introduction of a shareholder-friendly executive compensation structure. In February, it appointed independent director Jo Hwa-sun as board chair, separating the roles of chief executive and board chair. The company also set up an ESG committee and an internal transactions committee in 2021, and added the compensation committee in 2025, bringing its total to six board committees.

"We will continue to expand constructive dialogue with investors, listen carefully to their diverse views, and fulfill an independent and responsible role to ensure that shareholders' voices are faithfully reflected in the board's decision-making process," Lee said.