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s-oil

Performance Review

Key Sustainability Management Performances

S-OIL is committed to creating stakeholder value through sustainable growth, contributing to the happiness of mankind as well as the development of society and economy. To this end, we dedicate not only to promoting bold innovation in entire business areas for enhancing our quality competitiveness and brand value but also to practicing shared growth with business partners and local communities based on the management philosophy centered on co-prosperity, fulfilling our responsibility as a corporate citizen

Corporate Governance Rating by Korea Corporate Governance Service
Corporate Governance Rating by Korea Corporate Governance Service : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
Corporate governance rating A+ A+ A+ A+
BOD Composition

(Unit : persons)

BOD Composition : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
Type Inside 1 1 1 1
Non-standing 4 4 4 4
Outside 6 6 6 6
Gender Male 11 10 9 9
Female 0 1 2 2
Age 50 or above 10 11 11 10
30 ∼ 50 1 0 0 1
Under 30 0 0 0 0
Total 11 11 11 11
No. of Shares

(Unit : shares)

No. of Shares : Classification, Voting rights, No. of shares, Ratio Table.
Classification Voting rights 2016 2017 2018 2019
Total 116,604,719 (100.0%) 116,604,719 (100.0%) 116,604,719 (100.0%) 116,604,719 (100.0%)
Common stock 1 vote 112,582,792 (96.6%) 112,582,792 (96.6%) 112,582,792 (96.6%) 112,582,792 (96.6%)
Preferred stock none 4,021,927 (3.4%) 4,021,927 (3.4%) 4,021,927 (3.4%) 4,021,927 (3.4%)

There are no golden shares issued holding special voting and veto rights.

Violations of Improper Solicitation & Graft Act

(Unit : cases)

Violations of the Improper Solicitation & Graft Act : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
No. of violations 0 0 0 0
Violation of Internal Regulations found by Compliance Monitoring

(Unit : cases)

Violation of Internal Regulations found by Compliance Monitoring : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
No. of violations 0 0 0 0
Anti-corruption Training

(Unit : times, persons)

Anti-corruption Training : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
No. of trainings 2 7 2 2
No. of participants 2,977 3,208 3,240 3,211
Spending in Business Association

(Unit : KRW in million)

Spending in Business Association : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
Korea Petroleum Association 1,256 1,172 1,259 1,239
Ulsan Chamber of Commerce & Industry 120 120 130 130
Onsan Industrial Complex Association 84 85 82 82
Korea Employers Federation 32 32 32 33
Korea Listed Companies Association 15 15 15 15
Korea Lubricating Oil Industries Association 18 12 11 14
Korea Petrochemical Industry Association - - - 13
Others 33 24 23 24
Total 1,558 1,460 1,552 1,550

Through the Ethics Code, S-OIL strictly bans employees to use its organization, manpower, and assets for the purpose of providing political funds or for political purposes. The Company is only affiliated with associations aimed at promoting industries, which guarantee political neutrality.

Deliberation of Ethics Committee

(Unit : times, cases, persons)

Deliberation of the Ethics Committee : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
No. of meetings 27 18 20 14
Deliberation Operation of sales networks 17 16 23 20
Purchasing of goods & services 52 42 56 42
Others 7 5 25 7
Total 76 63 104 69
No. of disciplines due to violations of Ethics Code 1 3 2 3
No. of employees disciplined Head Office 0 2 0 0
Refinery 1 4 2 4
District Biz HQ 1 0 0 0
Terminal 0 0 0 0
Total 2 6 2 4
  • In 2016, 1 case of money transaction between an employee and a partner (salary reduction to 1 person, warning to 1 person)
  • In 2017, 1 case of money borrowing exceeding the reasonably acceptable level (salary reduction to 1 person), 2 cases of inappropriate use of language between colleagues (suspension to 2 persons, salary reduction to 1 person, reprimand to 1 person, warning to 1 person)
  • In 2018, 1 case of slander to S-OIL based on false facts and unauthorized use of e-mail (suspension to 1 person), 1 case of violence at work (suspension to 1 person)
  • In 2019, 1 case of procurement regulations violation (disciplinary dismissal to 2 persons), 1 case of monetary transaction between colleagues (reprimand to 1 person), 1 case of negligence (salary reduction to 1 person)
Ethics Management Training for Employees

(Unit : times, persons)

Ethics Management Training for Employees : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
No. of trainings 12 21 14 18
No. of participants 3,643 3,947 3,689 3,931
Self-assessment on Ethics Management

(Unit : persons, points)

Self-assessment on Ethics Management : Classification, 2016, 2017, 2018, 2019 Table.
Classification 2016 2017 2018 2019
No. of participants 2,492 (86%) 2,729 (86%) 3,316 (100%) 3,316 (100%)
Average score 99.0 99.1 99.5 99.5
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