○ The Korea Gas Corporation (KOGAS) maintains a sound governance structure by ensuring the independence of non-executive directors for practical checks and balances of the Board of Directors.

○ KOGAS meets the independence requirements of the Board of Directors in accordance with relevant laws such as the Act on the Management of Public Institutions, Commercial Act, as well as the Korea Gas Corporation Articles of Incorporation.

○ KOGAS maintains the independence of non-executive directors by specifying the following disqualification criteria for the independence of non-executive directors.

• < Disqualification criteria for independence of non-executive directors >

  • A person who has worked as an employee of the Corporation within the last two years from the date of nomination as a non-executive director candidate, or a person who has worked as an employee of an affiliated company within the last three years
  • An employee of a business whose total transactions with the Corporation during the last three business years is 10/100 or more of the total assets or total sales
  • An employee of a business that has concluded a single transaction contract with the Corporation for an amount equal to or more than 10/100 of the total sales during the recent business year
  • A person who has worked as an employee of a company that is in a significant business relationship (excluding loan relationships) or a competitive relationship with the Corporation within the last two years from the date of nomination as a non-executive director candidate
  • An employee of a business acting as an accounting auditor or tax agent for the Corporation
  • An employee of a business that has entered into a contract for main legal advice, management advice, or technical partnership with the Corporation
  • A person who participated in the deliberation and approval of the Board of Directors for the formation of the Executive Recommendation Committee at the time
  • Spouses and lineal ascendants and descendants of executives and/or major shareholders of the Corporation

○ The above guidelines were established after review by the ESG committee within the KOGAS Board of Directors, and will be revised with the approval of the ESG committee if there is any major change.

○ The Korea Gas Corporation (KOGAS) places great importance on the diversity of the Board of Directors for a broad and balanced view and rational decision-making.

○ In "Operational Regulations of the Executive Recommendation Committee," KOGAS specifies requirements to achieve an appropriate balance in terms of gender and region of origin.

○ KOGAS strives to secure diversity within the Board of Directors by specifying the following board diversity requirements.

• < Board Diversity Requirements >

  • When appointing directors, there should be no restrictions on gender, race or ethnicity, place of origin, age, experience, cultural background, or religion.
  • We take active measures to improve gender diversity within the Board of Directors, such as securing access to female executive candidates.
  • The ratio of female members in the Executive Recommendation Committee shall be at least 20%.
  • We consider that executives are not biased against specific areas of origin, background, or experience.
  • We notify the Exective Recommendation Committee of board diversity requirements.