Governance structure
Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors)Planned transition from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. The 3 current corporate auditors are scheduled to become directors who are Audit and Supervisory Committee members. Park Shin-hee (朴信姫) is scheduled to be newly elected as an outside director candidate.
| Item | Details |
|---|---|
| Corporate Governance Structure | Scheduled transition to a Company with an Audit and Supervisory Committee (currently a Company with a Board of Corporate Auditors) |
| Number of directors | 8 after the transition (5 directors who are not Audit and Supervisory Committee members and 3 directors who are Audit and Supervisory Committee members). 5 outside directors |
| Committee | Audit and Supervisory Committee. 3/3 outside members (100%). Nomination Committee and Compensation Committee: Not disclosed |
| Changes this time | Planned transition from a company with a board of corporate auditors to a company with an Audit and Supervisory Committee. The 3 current corporate auditors are scheduled to become directors who are Audit and Supervisory Committee members. Park Shin-hee (朴信姫) is scheduled to be newly elected as an outside director candidate. |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To give directors who are Audit and Supervisory Committee members voting rights at board meetings, thereby enhancing the auditing and oversight of business execution and the effectiveness of the Board of Directors. Also, to accelerate decision-making and strengthen management oversight by delegating authority over business execution.