About the Board of Directors
Currently, the board of Directors of company as of March, 2016 has been consisted with 4 inside directors (Nam-Sung Cho, Se-Ung Jeong, Chang-Ryong Song, Hong-Kyung Kim) and 5 outside directors (Sung-Jae Kim, Min-Gi Noh, Suk-Ju Hong, Nan-Do Kim, Jae-Hee Kim).
Board CommitteesManagement Committee
In accordance with the Articles of Association, Regulation and the Resolution by the Board of the Directors, directors shall engage in deliberating and deciding on issues commissioned by the Board of Directors. Committee members shall be appointed among directors by the resolution of the Board of Directors and shall be comprised of two to six directors.
The resolutions and decisions of the Management Committee shall be based on the majority of those in attendance and the majority agreement of the attendees.
Matters for consideration shall be issues commissioned by the Board of Directors and those concerned with management.
Our company retains the Audit Committee in accordance with Article 542, Paragraph 11 and 12 of the Commercial Law in Republic of Korea.
The members of the Audit Committee are appointed by the resolution of the General Shareholders' Meeting in accordance with the rules and regulations of the Audit Committee.
The Related Party Transactions Committee is in charge of establishing the fair training compliance program and promoting transparency of related party transactions and engages in such activities as identifying the present status of related party transactions, investigating related party transactions and rectifying and reporting violation and irregularities in related party transactions to the Board of Directors.Outside Director Candidates Recommendation Committee
Our outside directors are nominated by the Outside Director Candidates Recommendation Committee and are appointed by the resolution of the General Shareholders' Meeting among candidates recommended by the Board of Directors(internal directors). Outside Director Candidates Recommendation Committee shall be comprised of outside directors equivalent to 50% or more of all directors in accordance with Article 542, Paragraph 8 of the Commercial Law in Republic of Korea.Compensation Committee
The Compensation Committee is established and operated under the Board of Directors and deliberate of the ceiling of director compensation to ensure the transparency regarding compensations of directors. The Compensation Committee shall be comprised of two outside directors and one internal director and Chairman of the committee is appointed by a resolution of the committee among 2 outside directors.
Committee members in BOD
1) Matters for resolution
2) Major activities of the Board Committees
* Refer to the Business Report for track records of past activities.