Structure of the Board of Directors

Doral’s board of directors consists of seven members, including five men and two women. Except for external directors, most directors began serving on the board before the Company’s IPO, and due to their business experience, understanding of the Company’s operations, and valuable contributions, it was decided to extend their tenure.

To ensure a comprehensive selection process for external directors, Doral established a nomination committee consisting of the Chairman of the Board of directors and two additional directors. The committee prioritizes various criteria, including gender diversity, business expertise, particularly in procurement and accounting, corporate responsibility experience, and the independence of the board. As a result, Doral’s board of directors now represents a diverse range of backgrounds and skills. Four board members possess accounting and financial expertise, while the remaining members bring experience in various fields such as business, law, and corporate responsibility. Adhering to legal requirements and the Group’s procedures, Doral appointed two external directors and one independent director. The Chairman of the Board actively fulfills their role as the board’s leader.

To ensure the board fulfills its role optimally, it is open to receiving inquiries both directly at the general meeting and through the Company Secretary. No inquiries were received by the Company Secretary in 2023. During the general meetings held in 2023, clarifications and satisfactory responses were provided to institutional investors’ questions.

In 2023, 75% of the board members and executives underwent training in ESG topics, proper corporate governance, various administrative enforcement issues, and updates in corporate and securities law.

For information about the board members, see Article 26 of the Company’s Annual Report for 2023.

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