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BOD Committees

BOD Committees - Committees, Composed of, Purpose of operation and rights
Committees Composed of Purpose of operation and rights
Management
Committee
Kim Tae-han Internal director
(Chairperson)
Kim Dong-joong Internal director
[Purpose of operation]
Deliberation of important matters pertaining to management, regularly entrusted matters, and other important matters pertaining to management entrusted by the board of directors

[Major rights]
① Matters pertaining to management
② Matters pertaining to finance
③ Other matters entrusted
Audit Committee Jeong Seok-woo Independent director
(Chairperson)
Yoon Byung-chol Independent director
Kwon Soon-jo Independent director
[Purpose of operation]
Checkingㆍsupervision of and support for management of the company to continue to enhance corporateㆍshareholder value through lawful procedures and reasonable decision making

[Major rights]
① Authority to audit business
② Authority to request sales reports; authority to investigate business assets
③ Authority to receive board of directors’ reports
④ Authority to investigate subsidiaries
⑤ Authority to demand a director suspected of violating the articles of incorporation or laws to stop his or her action
⑥ Authority to represent the company in lawsuits
⑦ Authority to ask for calling of a general meeting of shareholders
⑧ Authority to request experts’ assistance
⑨ Authority to approve the election, replacement, and dismissal of outside auditors
⑩ Matters entrusted under the law, the articles of incorporation, and the resolution of the board of directors
Remuneration
Committee
Kwon Soon-jo Independent director
(Chairperson)
Yoon Byung-chol Independent director
Kim Dong-joong Internal director
[Purpose of operation]
Ensuring objectivity and transparency of decisions on directors’ remuneration

[Major rights]
① Matters pertaining to limit of registered directors’ remuneration
② Matters pertaining to registered directors-related remuneration system
③ Others entrusted by the board of directors concerning directors’ remuneration
Related Party Transaction Yoon Byung-chol Independent director
(Chairperson)
Jeong Seok-woo Independent director
Kwon Soon-jo Independent director
[Purpose of operation]
Deliberation of cases of internal trading whose size comes to be larger than set amount to exercise internal/external control of internal trading and shareholders and enhance the efficiency of supervision concerning unfair support activities

[Major rights]
① Authority to approve of internal trading
② Authority to hear internal trading-related reports
③ Authority to order investigations on internal trading
④ Authority to recommend remedial action concerning internal trading
Independent Director Candidate Nomination Committee Kwon Soon-jo Independent director
(Chairperson)
Jeong Seok-woo Independent director
Kim Tae-han Internal director
[Purpose of operation]
Recommendation of independent director candidates through comprehensive review of their independence to the company and capability as a director of a global business

[Major rights]
① Recommendation of independent director candidates at least 6 weeks in advance of a general meeting of shareholders held for election
② Fair and transparent recommendation in a way conducive to the good of the company and shareholders
③ Verification to determine whether candidates meet qualifications stated in the relevant law and the company’s regulations
Management Committee
  • Kim Tae-han Internal director (Chairperson)
    Kim Dong-joong Internal director

  • [Purpose of operation]

    Deliberation of important matters pertaining to management, regularly entrusted matters, and other important matters pertaining to management entrusted by the board of directors

    [Major rights]

    ① Matters pertaining to management
    ② Matters pertaining to finance
    ③ Other matters entrusted

Audit Committee
  • Jeong Seok-woo Independent director (Chairperson)
    Yoon Byung-chol Independent director
    Kwon Soon-jo Independ ent director

  • [Purpose of operation]

    Checkingㆍsupervision of and support for management of the company to continue to enhance corporateㆍshareholder value through lawful procedures and reasonable decision making

    [Major rights]

    ① Authority to audit business
    ② Authority to request sales reports; authority to investigate business assets
    ③ Authority to receive board of directors’ reports
    ④ Authority to investigate subsidiaries
    ⑤ Authority to demand a director suspected of violating the articles of incorporation or laws to stop his or her action
    ⑥ Authority to represent the company in lawsuits
    ⑦ Authority to ask for calling of a general meeting of shareholders
    ⑧ Authority to request experts’ assistance
    ⑨ Authority to approve the election, replacement, and dismissal of outside auditors
    ⑩ Matters entrusted under the law, the articles of incorporation, and the resolution of the board of directors

Remuneration Committee
  • Kwon Soon-jo Independent director(Chairperson)
    Yoon Byung-chol Independent director
    Kim Dong-joong Internal director

  • [Purpose of operation]

    Ensuring objectivity and transparency of decisions on directors’ remuneration

    [Major rights]

    ① Matters pertaining to limit of registered directors’ remuneration
    ② Matters pertaining to registered directors-related remuneration system
    ③ Others entrusted by the board of directors concerning directors’ remuneration

Related Party Transaction
  • Yoon Byung-chol Independent director(Chairperson)
    Jeong Seok-woo Independent director
    Kwon Soon-jo Independent director

  • [Purpose of operation]

    Deliberation of cases of internal trading whose size comes to be larger than set amount to exercise internal/external control of internal trading and shareholders and enhance the efficiency of supervision concerning unfair support activities

    [Major rights]

    ① Authority to approve of internal trading
    ② Authority to hear internal trading-related reports
    ③ Authority to order investigations on internal trading
    ④ Authority to recommend remedial action concerning internal trading

Independent Director Candidate Nomination Committee
  • Kwon Soon-jo Independent director(Chairperson)
    Jeong Seok-woo Independent director
    Kim Tae-han Internal director

  • [Purpose of operation]

    Recommendation of independent director candidates through comprehensive review of their independence to the company and capability as a director of a global business

    [Major rights]

    ① Recommendation of independent director candidates at least 6 weeks in advance of a general meeting of shareholders held for election
    ② Fair and transparent recommendation in a way conducive to the good of the company and shareholders
    ③ Verification to determine whether candidates meet qualifications stated in the relevant law and the company’s regulations