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Amorepacific

Corporate Governance

Audit Committee

title
Audit Committee
(total of 3 members)
Chairperson Eom Yeong-ho The Committee is to audit the accounting and activities of the company in accordance with laws and regulations, Articles of Incorporation or Board of Directors Policy, and implement duties delegated by the Board of Directors.
Members Kim Jin-yeong
Members Lee Hwi-seong
title
Audit Committee
(total of 3 members)
Chairperson Eom Yeong-ho
Members Kim Jin-yeong
Members Lee Hwi-seong
The Committee is to audit the accounting and activities of the company in accordance with laws and regulations, Articles of Incorporation or Board of Directors Policy, and implement duties delegated by the Board of Directors.

Status of 2020

Audit Committee Meeting
title
1st Audit Committee Meeting (5 February 2020)
Matters for Report Internal accounting manager’s report on the management of Internal Accounting Control System
Report on the review of the need to amend Audit Committee Policy
Briefing on 2019 Audit Committee assessment
Report by outside auditor
Report by internal audit department
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
title
2nd Audit Committee Meeting (4 March 2020)
Matters for Report Submission of Assessment of the Management of Internal Accounting Control System
Submission of Audit Committee’s Audit Report
Submission of Audit Committee’s Written Opinion on Internal Audit Controls
Matters for Resolution
(1 item)
Agenda No. 1: Approval of changes to the 14th (Year 2019) Consolidated Financial Statement
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Lee Hwi-seong Present Approve - - - - -
Result Approved
title
3rd Audit Committee Meeting (27 April 2020)
Matters for Report Internal Accounting Control System status report
Report on agreement of support services to Audit Committee
Report on 2020 comprehensive audit plan
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
title
4rd Audit Committee Meeting (31 July 2020)
Matters for Report Internal Accounting Control System status report
Report on 2020 comprehensive audit plan and progress
Internal audit department’s internal audit report
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
1st Audit Committee Meeting (5 February 2020)

<Matters for Report>

  • Internal accounting manager’s report on the management of Internal Accounting Control System
  • Report on the review of the need to amend Audit Committee Policy
  • Briefing on 2019 Audit Committee assessment
  • Report by outside auditor
  • Report by internal audit department
2nd Audit Committee Meeting (4 March 2020)

<Matters for Report>

  • Submission of Assessment of the Management of Internal Accounting Control System
  • Submission of Audit Committee’s Audit Report
  • Submission of Audit Committee’s Written Opinion on Internal Audit Controls

<Matters for Resolution>

Agenda No. 1
Approval of changes to the 14th (Year 2019) Consolidated Financial Statement

Approved

3rd Audit Committee Meeting (27 April 2020)

<Matters for Report>

  • Internal Accounting Control System status report
  • Report on agreement of support services to Audit Committee
  • Report on 2020 comprehensive audit plan
4rd Audit Committee Meeting (31 July 2020)

<Matters for Report>

  • Internal Accounting Control System status report
  • Report on 2020 comprehensive audit plan and progress
  • Internal audit department’s internal audit report

Status of 2019

Audit Committee Meeting
title
1st Audit Committee Meeting (31 January 2019)
Matters for Report Internal Accounting Control System Management & operation report
2018 financial audit timeline
Significant audit findings
Key audit matters
Independence
Matters for Resolution
(1 item)
Agenda No. 1: Approval of amendment to Internal Accounting Management Policy
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Seong-su Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Result Approved
title
2nd Audit Committee Meeting (20 February 2019)
Matters for Report Submission of Audit Committee’s Written Opinion on Internal Audit Controls
Submission of Audit Committee’s Audit Report
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Seong-su Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Result
title
3rd Audit Committee Meeting (26 April 2019)
Matters for Report Scope and timeline of audit
Recent trend in accounting and audit systems
Discussions on key matters with outside auditor
Matters for Resolution
(1 item)
Agenda No. 1: Appointment of representative audit committee member
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Lee Hwi-seong Present Approve - - - - -
Result Approved
title
4th Audit Committee Meeting (31 July 2019)
Matters for Report Internal Accounting Control System status report
Discussions on key matters with outside auditor
Internal audit department’s internal audit report
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
Result
title
5th Audit Committee Meeting (18 September 2019)
Matters for Report Matters related to Internal Accounting Control System
Internal Accounting Control System status report
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
Result
title
6th Audit Committee Meeting (30 October 2019)
Matters for Report 2019 internal accounting review timeline
Matters related to Internal Accounting Control System
Audit engagement and independence
Audit strategy
Corruption and corruption risk, compliance to laws and regulations
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
Result
1st Audit Committee Meeting (31 January 2019)

<Matters for Report>

  • Internal Accounting Control System
    Management & operation report
  • 2018 financial audit timeline
  • Significant audit findings
  • Key audit matters
  • Independence

<Matters for Resolution>

Agenda No. 1
Approval of amendment to Internal Accounting Management Policy

Approved

2nd Audit Committee Meeting (20 February 2019)

<Matters for Report>

  • Submission of Audit Committee’s Written Opinion on Internal Audit Controls
  • Submission of Audit Committee’s Audit Report
3rd Audit Committee Meeting (26 April 2019)

<Matters for Report>

  • Scope and timeline of audit
  • Recent trend in accounting and audit systems
  • Discussions on key matters with outside auditor

<Matters for Resolution>

Agenda No. 1
Appointment of representative audit committee member

Approved

4th Audit Committee Meeting (31 July 2019)

<Matters for Report>

  • Internal Accounting Control System status report
  • Discussions on key matters with outside auditor
  • Internal audit department’s internal audit report
5th Audit Committee Meeting (18 September 2019)

<Matters for Report>

  • Matters related to Internal Accounting Control System
  • Internal Accounting Control System status report
6th Audit Committee Meeting (30 October 2019)

<Matters for Report>

  • 2019 internal accounting review timeline
  • Matters related to Internal Accounting Control System
  • Audit engagement and independence
  • Audit strategy
  • Corruption and corruption risk, compliance to laws and regulations

Status of 2018

Audit Committee Meeting
title
1st Audit Committee Meeting (31 January 2018)
Matters for Report 12th Internal Accounting Control System Evaluation Report
Timeline and discussion on 2017 year-end audit
Review on the status of design and operation of Internal Accounting Control System
Recent trend in accounting and audit systems
Matters for Resolution
(1 item)
Agenda No. 1: Approval of the 12th (Year 2017) Financial Statement and Business Report
Participants Attendance No. 1 - - - - -
Namkung Eun Present Approve - - - - -
Kim Seong-su Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Result Approved
title
2nd Audit Committee Meeting (27 February 2018)
Matters for Report Submission of Audit Committee’s Written Opinion on Internal Audit Controls
Submission of Audit Report by Audit Committee
Matters for Resolution
(1 item)
Agenda No. 1 : Appointment of outside auditor
Participants Attendance No. 1 - - - - -
Namkung Eun Present Approve - - - - -
Kim Seong-su Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Result Approved
title
3rd Audit Committee Meeting (9 May 2018)
Matters for Report Scope and timeline of audit
Introduction of core audit items
Recent trend in accounting and audit systems
Matters for Resolution
(1 item)
Agenda No. 1 : Appointment of representative audit committee member
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Seong-su Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Result Approved
title
4th Audit Committee Meeting (26 July 2018)
Matters for Report 2018 accounting audit timeline
Introduction of core audit items
Recent trend in Audit Committee related systems
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Seong-su Present - - - - - -
Kim Jin-yeong Present - - - - - -
Result
title
5th Audit Committee Meeting (29 October 2018)
Matters for Report 2018 accounting audit timeline
Selection of core audit items
Relationship between Audit Committee and outside auditor
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Seong-su Present - - - - - -
Kim Jin-yeong Present - - - - - -
Result
1st (2018.01.31)

<Matters for Report>

  • 12th Internal Accounting Control
    System Evaluation Report
  • Timeline and discussion
    on 2017 year-end audit
  • Review on the status of design and operation
    of Internal Accounting Control System
  • Recent trend in accounting and audit systems

<Matters for Resolution>

Agenda No. 1
Approval of the 12th (Year 2017)
Financial Statement and Business Report

Approved

2nd Audit Committee Meeting (27 February 2018)

<Matters for Report>

  • Submission of Audit Committee’s Written Opinion
    on Internal Audit Controls
  • Submission of Audit Report by Audit Committee

<Matters for Resolution>

Agenda No. 1
Submission of Audit Committee’s Written Opinion
on Internal Audit Controls

Approved

3rd Audit Committee Meeting (9 May 2018)

<Matters for Report>

  • Scope and timeline of audit
  • Introduction of core audit items
  • Recent trend in accounting and audit systems

<Matters for Resolution>

Agenda No. 1
Appointment of representative audit committee member

Approved

4th Audit Committee Meeting (26 July 2018)

<Matters for Report>

  • 2018 accounting audit timeline
  • Introduction of core audit items
  • Recent trend in Audit Committee related systems
5th Audit Committee Meeting (29 October 2018)

<Matters for Report>

  • 2018 accounting audit timeline
  • Selection of core audit items
  • Relationship between Audit Committee and outside auditor

Non-executive Director Nomination Committee (total of 3 members)

title
Non-executive Director
Nomination Committee
(total of 3 members)
Chairperson Eom Yeong-ho Purpose of the CommitteeThe Committee has the authority to nominate candidates for non-executive directors at the Shareholders General Meeting.
MandateIn the case the Committee nominates a candidate for non-executive director, a Non-executive Director Nomination Committee is held as a non-standing committee. The Committee is responsible to verify the independency of the nominee against the company and the largest shareholder and the nominee’s capability required by a global company and make its recommendation to the Board of Directors.
Members Kim Jin-yeong
Members Lee Hwi-seong
title
Non-executive Director
Nomination Committee
(total of 3 members)
Chairperson Eom Yeong-ho
Members Kim Jin-yeong
Members Lee Hwi-seong
Purpose of the CommitteeThe Committee has the authority to nominate candidates for non-executive directors at the Shareholders General Meeting.
MandateIn the case the Committee nominates a candidate for non-executive director, a Non-executive Director Nomination Committee is held as a non-standing committee. The Committee is responsible to verify the independency of the nominee against the company and the largest shareholder and the nominee’s capability required by a global company and make its recommendation to the Board of Directors.

Status of 2020

Non-executive Director Nomination Committee Meeting
title
1st Non-executive Director Nomination Committee Meeting (5 February 2020)
Matters for Deliberation Nomination of non-executive director candidate
Participants Attendance - - - - - -
Eom Yeong-ho Present - - - - - -
Kim Jin-yeong Present - - - - - -
Lee Hwi-seong Present - - - - - -
title
2nd Non-executive Director Nomination Committee Meeting (4 March 2020)
Matters for Resolution
(1 item)
Agenda No. 1: Nomination of non-executive director candidate
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Lee Hwi-seong Present Approve - - - - -
Result Approved
1st Non-executive Director Nomination Committee Meeting (5 February 2020)

<Matters for Deliberation>

  • Nomination of non-executive director candidate
2nd Non-executive Director Nomination Committee Meeting (4 March 2020)

<Matters for Resolution>

Agenda No. 1
Nomination of non-executive director candidate

Approved

Status of 2019

Non-executive Director Nomination Committee Meeting
title
1st Non-executive Director Nomination Committee Meeting (31 January 2019)
Matters for Resolution
(1 item)
Agenda No. 1: Nomination of non-executive director candidate
Participants Attendance No. 1 - - - - -
Kim Sungsu Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Result Approved
title
2nd Non-executive Director Nomination Committee Meeting (26 April 2019)
Matters for Resolution
(1 item)
Agenda No. 1: Appointment of Chairperson of Non-executive Director Nomination Committee
Participants Attendance No. 1 - - - - -
Eom Yeong-ho Present Approve - - - - -
Kim Jin-yeong Present Approve - - - - -
Lee Hwi-seong Present Approve - - - - -
Result Approved
1st Non-executive Director Nomination Committee Meeting (31 January 2019)

<Matters for Resolution>

Agenda No. 1
Nomination of non-executive director candidate

Approved

2nd Non-executive Director Nomination Committee Meeting (26 April 2019)

<Matters for Resolution>

Agenda No. 1
Appointment of Chairperson of Non-executive Director Nomination Committee

Approved

Status of 2018

Non-executive Director Nomination Committee Meeting
title
1st Non-executive Director Nomination Committee Meeting (26 February 2018)
Matters for Resolution
(1 item)
Agenda No. 1 : Nomination of non-executive director candidate for the 12th Annual Shareholders General Meeting
Participants Attendance No. 1 - - - - -
Namkung Eun Present Approve - - - - -
Kim Seong-su Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Result Approved
1st Non-executive Director Nomination Committee Meeting (26 February 2018)

<Matters for Resolution>

Agenda No. 1
Nomination of non-executive director candidate for the 12th Annual Shareholders General Meeting

Approved

Internal Transaction Committee

title
Internal Transaction Committee
(total of 4 members)
Chairperson Lee Hwi-seong Purpose of the CommitteeThe Committee deliberates on matters required for review before presenting to the Board of Directors regarding transactions with persons of special relationship as the counterparty.
MandateThe Committee shall deliberate on matters delegated by the Board of Directors, matters that require review before presenting to the Board of Directors, or matters related to internal transactions that require the approval of the Board of Directors defined by the Monopoly Regulation and Fair Trade Act and the Commercial Act.
Matters for Deliberation : Matters concerning internal transactions defined as matters that require the approval of the Board of Directors stipulated in the Monopoly Regulation and Fair Trade Act and the Commercial Act or other matters concerning internal transactions deemed necessary by the Board of Directors or the Committee
Members Eom Yeong-ho
Members Kim Jin-yeong
Members Lee Sang-mok
title
Internal Transaction Committee
(total of 4 members)
Chairperson Lee Hwi-seong
Members Eom Yeong-ho
Members Kim Jin-yeong
Members Lee Sang-mok
Purpose of the CommitteeThe Committee deliberates on matters required for review before presenting to the Board of Directors regarding transactions with persons of special relationship as the counterparty.
MandateThe Committee shall deliberate on matters delegated by the Board of Directors, matters that require review before presenting to the Board of Directors, or matters related to internal transactions that require the approval of the Board of Directors defined by the Monopoly Regulation and Fair Trade Act and the Commercial Act.
Matters for Deliberation : Matters concerning internal transactions defined as matters that require the approval of the Board of Directors stipulated in the Monopoly Regulation and Fair Trade Act and the Commercial Act or other matters concerning internal transactions deemed necessary by the Board of Directors or the Committee

Status of 2020

Internal Transaction Committee Meeting
title
1st Internal Transaction Committee Meeting (5 February 2020)
Matters for Resolution
(1 item)
Agenda No. 1: Deliberation on transaction between affiliated companies
Participants Attendance No. 1 - - - - -
Lee Hwi-seong Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Lee Sang-mok Present Approve - - - - -
Result Approved
title
2nd Internal Transaction Committee Meeting (27 April 2020)
Matters for Resolution
(1 item)
Agenda No. 1: Deliberation on transaction between affiliated companies
Participants Attendance No. 1 - - - - -
Lee Hwi-seong Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Lee Sang-mok Present Approve - - - - -
Result Approved
title
3rd Internal Transaction Committee Meeting (31 July 2020)
Matters for Resolution
(1 item)
Agenda No. 1: Approval of large-scale product & service transaction with affiliated company
Participants Attendance No. 1 - - - - -
Lee Hwi-seong Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Lee Sang-mok Present Approve - - - - -
Result Approved
1st Internal Transaction Committee Meeting (5 February 2020)

<Matters for Resolution>

Agenda No. 1
Deliberation on transaction between affiliated companies

Approved

2nd Internal Transaction Committee Meeting (27 April 2020)

<Matters for Resolution>

Agenda No. 1
Deliberation on transaction between affiliated companies

Approved

3rd Internal Transaction Committee Meeting (31 July 2020)

<Matters for Resolution>

Agenda No. 1
Approval of large-scale product & service transaction with affiliated company

Approved

Status of 2019

Internal Transaction Committee Meeting
title
1st Internal Transaction Committee Meeting (30 October 2019)
Matters for Resolution
(1 item)
Agenda No. 1: Appointment of Chairperson of Internal Transaction Committee
Participants Attendance No. 1 - - - - -
Lee Hwi-seong Present Approve - - - - -
Eom Yeong-ho Present Approve - - - - -
Lee Sang-mok Present Approve - - - - -
Result Approved
1st Internal Transaction Committee Meeting (30 October 2019)

<Matters for Report>

  • Appointment of Chairperson of Internal Transaction Committee

Status of 2018

Internal Transaction Committee Meeting
title
1st Internal Transaction Committee Meeting (17 May 2018)
Matters for Report Report on the global trend in sustainable management and discussion on strategies in response to issues
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Lee Sang-mok Present - - - - - -
Result
title
2nd Internal Transaction Committee Meeting (19 December 2018)
Matters for Resolution
(1 item)
Agenda No. 1: Approval of guarantee regarding an extension of loan of Amorepacific Global Operations Limited
Participants Attendance No. 1 - - - - -
Suh Kyung-bae Present Approve - - - - -
Ahn Sae-hong Present Approve - - - - -
Lee Sang-mok Present Approve - - - - -
Result Approved
title
3rd Internal Transaction Committee Meeting (20 December 2018)
Matters for Report Global trend in environmental issues and company-wide response measures
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Lee Sang-mok Present - - - - - -
Result
1st Internal Transaction Committee Meeting (17 May 2018)

<Matters for Report>

  • Report on the global trend in sustainable management and discussion on strategies in response to issues
2nd Internal Transaction Committee Meeting (19 December 2018)

<Matters for Resolution>

Agenda No. 1
Approval of guarantee regarding an extension of loan of Amorepacific Global Operations Limited

Approved

3rd Internal Transaction Committee Meeting (20 December 2018)

<Matters for Report>

  • Global trend in environmental issues and company-wide response measures

Compensation Committee

title
Compensation Committee
(total of 3 members)
Chairperson Kim Jin-yeong Purpose of the CommitteeThe Compensation Committee shall discuss, deliberate, and make decisions on matters related to compensation for executives.
MandateDiscuss, deliberate, and make decisions on matters delegated by the Board of Directors, matters that require preliminary review before presenting to the Board of Directors, and other matters related to compensation for executives.
Agendas : matters related to the appropriateness assessment of remuneration limit of directors submitted to the Annual General Meeting by the Board of Directors, or matters deemed necessary
Members Kim Gyeong-ja
Members Ahn Sae-hong
title
Compensation Committee
(total of 3 members)
Chairperson Kim Jin-yeong
Members Kim Gyeong-ja
Members Ahn Sae-hong
Purpose of the CommitteeThe Compensation Committee shall discuss, deliberate, and make decisions on matters related to compensation for executives.
MandateDiscuss, deliberate, and make decisions on matters delegated by the Board of Directors, matters that require preliminary review before presenting to the Board of Directors, and other matters related to compensation for executives.
Agendas : matters related to the appropriateness assessment of remuneration limit of directors submitted to the Annual General Meeting by the Board of Directors, or matters deemed necessary

Status of 2020

Compensation Committee Meeting
title
1st Compensation Committee Meeting (4 March 2020)
Matters for Report Establishment and amendment of company policies
Matters for Resolution
(1 item)
Agenda No. 1: Approval of the agenda on remuneration limit for board directors for the 14st Annual General Meeting
Participants Attendance No. 1 - - - - -
Kim Jin-yeong Present Approve - - - - -
Kim Gyeong-ja Present Approve - - - - -
Ahn Sae-hong Present Approve - - - - -
Result Approved
1st Compensation Committee Meeting (4 March 2020)

<Matters for Report>

  • Establishment and amendment of company policies

<Matters for Resolution>

Agenda No. 1
Approval of the agenda on remuneration limit for board directors for the 14st Annual General Meeting

Approved

Status of 2019

Compensation Committee Meeting
title
1st Compensation Committee Meeting (30 October 2019)
Matters for Resolution
(1 item)
Agenda No. 1: Appointment of Chairperson of Compensation Committee
Participants Attendance No. 1 - - - - -
Kim Jin-yeong Present Approve - - - - -
Kim Gyeong-ja Present Approve - - - - -
Ahn Sae-hong Present Approve - - - - -
Result Approved
1st Compensation Committee Meeting (30 October 2019)

<Matters for Report>

  • Appointment of Chairperson of Compensation Committee

Executive Committee

title
Executive Committee
(total of 2 members)
Chairperson Ahn Sae-hong Purpose of the CommitteeThe Executive Committee is established to increase expertise and efficiency of management decisions. The Committee is to deliberate and make decisions on business matters delegated by the Board of Directors.
MandateDiscuss, deliberate and make decisions on matters delegated by the Board of Directors, matters that require preliminary reviews before presenting to the Board of Directors, and other matters regarding overall management of the company.
Agendas : Important matters related to company management among matters that involve business, financials and others
Members Suh Kyung-bae
- -
title
Executive Committee
(total of 2 members)
Chairperson Ahn Sae-hong
Members Suh Kyung-bae
- -
Purpose of the CommitteeThe Executive Committee is established to increase expertise and efficiency of management decisions. The Committee is to deliberate and make decisions on business matters delegated by the Board of Directors.
MandateDiscuss, deliberate and make decisions on matters delegated by the Board of Directors, matters that require preliminary reviews before presenting to the Board of Directors, and other matters regarding overall management of the company.
Agendas : Important matters related to company management among matters that involve business, financials and others

Status of 2020

Executive Committee Meeting
title
1st Executive Committee Meeting (28 February 2020)
Matters for Resolution
(1 item)
Agenda No. 1 : Guarantee regarding Amorepacific Trading Co., Ltd. loan
Participants Attendance No. 1 Approve - - - -
Ahn Sae-hong Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
title
2nd Executive Committee Meeting (20 March 2020)
Matters for Resolution
(1 item)
Agenda No. 1 : Approval of equity investment in Rationale Group Pty Ltd.
Participants Attendance No. 1 Approve - - - -
Ahn Sae-hong Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
title
3rd Executive Committee Meeting (14 July 2020)
Matters for Resolution
(1 item)
Agenda No. 1 : Guarantee regarding Hong Kong AGO loan
Participants Attendance No. 1 Approve - - - -
Ahn Sae-hong Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
1st Executive Committee Meeting (28 February 2020)

<Matters for Resolution>

No. 1
Guarantee regarding an extension of loan of Amorepacific Global Operations Limited.

Approved

2nd Executive Committee Meeting (20 March 2020)

<Matters for Resolution>

No. 1
Approval of equity investment in Rationale Group Pty Ltd.

Approved

3rd Executive Committee Meeting (14 July 2020)

<Matters for Resolution>

No. 1
Guarantee regarding Hong Kong AGO loan

Approved

Status of 2019

Executive Committee Meeting
title
1st Executive Committee Meeting (5 June 2019)
Matters for Report H1 achievements in sustainable management and H2 plans
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Result
title
2nd Executive Committee Meeting (10 June 2019)
Matters for Resolution
(2 items)
Agenda No. 1 : Agreement on import L/C limit
Agenda No. 2 : Agreement on mutual support for B2B PLUS partners
Participants Attendance No. 1 No. 2 - - - -
Suh Kyung-bae Present Approve Approve - - - -
Ahn Sae-hong Present Approve Approve - - - -
Result Approved Approved
1st Executive Committee Meeting (5 June 2019)

<Matters for Report>

  • H1 achievements in sustainable management and H2 plans
2nd Executive Committee Meeting (10 June 2019)

<Matters for Resolution>

No. 1
Agreement on import L/C limit

Approved

No. 2
Agreement on mutual support for B2B PLUS partners

Approved

Status of 2018

Executive Committee Meeting
title
1st Executive Committee Meeting (17 May 2018)
Matters for Report Report on the global trend in sustainability management and discussion on strategies in response to issues
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Lee Sang-mok Present - - - - - -
Result
title
2nd Executive Committee Meeting (19 December 2018)
Matters for Resolution
(1 item)
Agenda No. 1 : Guarantee regarding an extension of loan of Amorepacific Global Operations Limited.
Participants Attendance No. 1 - - - - -
Suh Kyung-bae Present Approve - - - - -
Ahn Sae-hong Present Approve - - - - -
Lee Sang-mok Present Approve - - - - -
Result Approved
title
3rd Executive Committee Meeting (20 December 2018)
Matters for Report Global trend in environmental issues and company-wide response measures
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Lee Sang-mok Present - - - - - -
Result
1st Executive Committee Meeting (17 May 2018)

<Matters for Report>

  • Report on the global trend in sustainability management
    and discussion on strategies in response to issues
2nd Executive Committee Meeting (19 December 2018)

<Matters for Resolution>

Agenda No. 1
Guarantee regarding an extension of loan of Amorepacific Global Operations Limited.

Approved

3rd Executive Committee Meeting (20 December 2018)

<Matters for Report>

  • Global trend in environmental issues
    and company-wide response measures

Risk Management Committee

title
Risk Management
Committee
(total of 3 members)
Chairperson Ahn Sae-hong Purpose of the CommitteeThe Risk Management Committee is to discuss, deliberate and make decisions on matters related to the overall business risk.
MandateDiscuss, deliberate and make decisions on matters delegated by the Board of Directors, matters that require preliminary reviews before presenting to the Board of Directors, and other matters regarding overall business risk.
Matters for Report or Agendas: Matters regarding prevention of risks, matters on management of risks that occurred, and matters on improvement measures after closure of risks
Members Suh Kyung-bae
Members Lee Sang-mok
title
Risk Management
Committee
(total of 3 members)
Chairperson Ahn Sae-hong
Members Suh Kyung-bae
Members Lee Sang-mok
Purpose of the CommitteeThe Risk Management Committee is to discuss, deliberate and make decisions on matters related to the overall business risk.
MandateDiscuss, deliberate and make decisions on matters delegated by the Board of Directors, matters that require preliminary reviews before presenting to the Board of Directors, and other matters regarding overall business risk.
Matters for Report or Agendas: Matters regarding prevention of risks, matters on management of risks that occurred, and matters on improvement measures after closure of risks

Status of 2019

Risk Management Committee Meeting
title
1st Risk Management Committee Meeting (16 August 2019)
Matters for Report 2019 risk environment
2018 risk occurrence analysis
2019 key risks and response measures
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Lee Sang-mok Present - - - - - -
Result
1st Risk Management Committee Meeting (16 August 2019)

<Matters for Report>

  • 2019 risk environment
  • 2018 risk occurrence analysis
  • 2019 key risks and response measures

Status of 2018

Risk Management Committee Meeting
title
1st Risk Management Committee Meeting (16 August 2018)
Matters for Report H1 global and local risk environment
Status of risk occurrences in H1
Review of key incidents in H1
Potential risks in H2
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Ahn Sae-hong Present - - - - - -
Lee Sang-mok Present - - - - - -
Result
1st Risk Management Committee Meeting (16 August 2018)

<Matters for Report>

  • H1 global and local risk environment
  • Status of risk occurrences in H1
  • Review of key incidents in H1
  • Potential risks in H2