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Amorepacific Group

Corporate Governance

Audit Committee

title
Audit Committee
(total of 3 members) 		Chairperson Choe Jong-hak 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 Eon-soo
Members Kim Young-sun
title
Audit Committee
(total of 3 members) 		Chairperson Choe Jong-hak
Members Kim Eon-soo
Members Kim Young-sun
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 2022

Audit Committee Meeting
title
1st Audit Committee Meeting (7 February 2022)
Matters
for
Report		 Internal audit report by internal audit department
Discussion of key matters with outside auditor (in the absence of BoD)
Report on the status of Internal Accounting Control System
Report on appointment of assigned auditor
Report on internal control on capital
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun Present - - - - - -
title
2nd Audit Committee Meeting (23 February 2022)
Matters
for
Report		 Submission of Audit Committee’s assessment of the management of Internal Accounting Control System
Submission of Audit Committee’s audit report
Submission of Audit Committee’s statement on internal audit controls
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun Present - - - - - -
title
3rd Audit Committee Meeting (24 March 2022)
Matters for Resolution
(1 item)		 Agenda No. 1 : Appointment of Chairperson of Audit Committee
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approved - - - - -
Kim Eon-soo Present Approved - - - - -
Kim Young-sun Present Approved - - - - -
Result Approved
1st Audit Committee Meeting (7 February 2022)

<Matters for Report>

  • Internal audit report by internal audit department
  • Discussion of key matters with outside auditor (in the absence of BoD)
  • Report on the status of Internal Accounting Control System
  • Report on appointment of assigned auditor
  • Report on internal control on capital
2nd Audit Committee Meeting (23 February 2022)

<Matters for Report>

  • Submission of Audit Committee’s assessment of the management of Internal Accounting Control System
  • Submission of Audit Committee’s audit report
  • Submission of Audit Committee’s statement on internal audit controls
3rd Audit Committee Meeting (24 March 2022)

<Matters for Resolution>

Agenda No. 1
Appointment of Chairperson of Audit Committee

Approved

Status of 2021

Audit Committee Meeting
title
1st Audit Committee Meeting (3 February 2021)
Matters
for
Report		 Report on operation of the Internal Accounting Control System
(Without the presence of the management) Discussion on key matters with the external auditor
Internal audit report by the Internal Audit Department
Report on the sale of the stake in affiliates and ESG evaluation governance
Participants Attendance - - - - - -
Choe Jeong-il Present - - - - - -
Shin Dong-yeop Present - - - - - -
Choe Jong-hak Present - - - - - -
title
2nd Audit Committee Meeting (24 February 2021)
Matters
for
Report		 Submission of evaluation report on the operation of the Internal Accounting Control System
Submission of audit report by the Audit Committee
Submission of the letter of opinion on internal oversight measures by the Audit Committee
Participants Attendance - - - - - -
Choe Jeong-il Present - - - - - -
Shin Dong-yeop Present - - - - - -
Choe Jong-hak Present - - - - - -
title
3rd Audit Committee Meeting (27 April 2021)
Matters
for
Report		 Report on operation of the Internal Accounting Control System
Report on the appointment of an agent to conduct the examination of internal accounting operation
(Without the presence of the management) Discussion on key matters with the external auditor
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun Present - - - - - -
title
4th Audit Committee Meeting (23 July 2021)
Matters
for
Report		 Internal audit report by the Internal Audit Department
Report on operation of the Internal Accounting Control System
(Without the presence of the management) Discussion on key matters with the external auditor
Report on Audit Committee’s evaluation plan of Internal Accounting Control System
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun Present - - - - - -
title
5th Audit Committee Meeting (26 October 2021)
Matters
for
Report		 Internal audit report by the Internal Audit Department
Report on operation of the Internal Accounting Control System
(Without the presence of the management) Discussion on key matters with the external auditor
Matters for Resolution
(1 item)		 Agenda No. 1 : Resolution on the request of designation of auditor
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approved - - - - -
Kim Eon-soo Present Approved - - - - -
Kim Young-sun Present Approved - - - - -
Result Approved
title
6th Audit Committee Meeting (26 November 2021)
Matters
for
Report		 Internal audit report by the Internal Audit Department
Report on operation of the Internal Accounting Control System
(Without the presence of the management) Discussion on key matters with the external auditor
Matters for Resolution
(1 item)		 Agenda No. 1 : Approval of submission of opinion with regard to the request of re-designation of the designated auditor
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approved - - - - -
Kim Eon-soo Present Approved - - - - -
Kim Young-sun Present Approved - - - - -
Result Approved
1st Audit Committee Meeting (3 February 2021)

<Matters for Report>

  • Report on operation of the Internal Accounting Control System
  • (Without the presence of the management) Discussion on key matters with the external auditor
  • Internal audit report by the Internal Audit Department
  • Report on the sale of the stake in affiliates and ESG evaluation governance
2nd Audit Committee Meeting (24 February 2021)

<Matters for Report>

  • Submission of evaluation report on the operation of the Internal Accounting Control System
  • Submission of audit report by the Audit Committee
  • Submission of the letter of opinion on internal oversight measures by the Audit Committee
3rd Audit Committee Meeting (27 April 2021)

<Matters for Report>

  • Report on operation of the Internal Accounting Control System
  • Report on the appointment of an agent to conduct the examination of internal accounting operation
  • (Without the presence of the management) Discussion on key matters with the external auditor
4th Audit Committee Meeting (23 July 2021)

<Matters for Report>

  • Internal audit report by the Internal Audit Department
  • Report on operation of the Internal Accounting Control System
  • (Without the presence of the management) Discussion on key matters with the external auditor
  • Report on Audit Committee’s evaluation plan of Internal Accounting Control System
5th Audit Committee Meeting (26 October 2021)

<Matters for Report>

  • Internal audit report by the Internal Audit Department
  • Report on operation of the Internal Accounting Control System
  • (Without the presence of the management) Discussion on key matters with the external auditor

<Matters for Resolution>

Agenda No. 1
Resolution on the request of designation of auditor

Approved

6th Audit Committee Meeting (26 November 2021)

<Matters for Report>

  • Internal audit report by the Internal Audit Department
  • Report on operation of the Internal Accounting Control System
  • (Without the presence of the management) Discussion on key matters with the external auditor

<Matters for Resolution>

Agenda No. 1
Approval of submission of opinion with regard to the request of re-designation of the designated auditor

Approved

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 issuing price of convertible preferred stock offerings in raising capital
Report by outside auditor
Report by internal audit department
(Without the presence of the management) Discussion on key matters with the external auditor
Internal audit report by the Internal Audit Department
Code of ethics report
Participants Attendance - - - - - -
Choe Jeong-il Present - - - - - -
Shin Dong-yeop Present - - - - - -
Choe Jong-hak 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 the changes to the 61st (Year 2019) Consolidated Financial Statement
Participants Attendance No. 1 - - - - -
Choe Jeong-il Present Approve - - - - -
Shin Dong-yeop Present Approve - - - - -
Choe Jong-hak Present Approve - - - - -
Result Approved
title
3rd Audit Committee Meeting (27 April 2020)
Matters
for
Report		 Report on the management status of Internal Accounting Control System
Report on the revision of the Internal Accounting Management Policy
Consent to designation of delegate for review on the status of internal accounting
Report on agreement of support services to Audit Committee
Report on 2020 comprehensive audit plan
Report on the Fair Trade Commission’s measure on internal transaction
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun Present - - - - - -
title
4th Audit Committee Meeting (31 July 2020)
Matters
for
Report		 Report on the management status of Internal Accounting Control System
Report on 2020 comprehensive audit plan and progress
Internal audit department’s internal audit report
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun Present - - - - - -
title
5th Audit Committee Meeting (28 October 2020)
Matters
for
Report		 Report on operation of the Internal Accounting Control System
(Without the presence of the management) Discussion on key matters with the external auditor
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Kim Eon-soo Present - - - - - -
Kim Young-sun 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 issuing price of convertible preferred stock offerings in raising capital
  • Report by outside auditor
  • Report by internal audit department
  • (Without the presence of the management) Discussion on key matters with the external auditor
  • Internal audit report by the Internal Audit Department
  • Code of ethics report
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 the changes to the 61st (Year 2019) Consolidated Financial Statement

Approved

3rd Audit Committee Meeting (27 April 2020)

<Matters for Report>

  • Report on the management status of Internal Accounting Control System
  • Report on the revision of the Internal Accounting Management Policy
  • Consent to designation of delegate for review on the status of internal accounting
  • Report on agreement of support services to Audit Committee
  • Report on 2020 comprehensive audit plan
  • Report on the Fair Trade Commission’s measure on internal transaction
4th Audit Committee Meeting (31 July 2020)

<Matters for Report>

  • Report on the management status of Internal Accounting Control System
  • Report on 2020 comprehensive audit plan and progress
  • Internal audit department’s internal audit report
5th Audit Committee Meeting (28 October 2020)

<Matters for Report>

  • Report on operation of the Internal Accounting Control System
  • (Without the presence of the management) Discussion on key matters with the external auditor

Independent Director Nomination Committee

title
Independent Director
Nomination Committee
(total of 4 members)		 Chairperson Kim Young-sun Purpose of the CommitteeThe Committee has the authority to nominate candidates for independent directors at the Shareholders General Meeting.
MandateIn the case the Committee nominates a candidate for independent director, a Independent 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 Choe Jong-hak
Members Lee Kyoung-mi
Members Kim Eon-soo
title
Independent Director
Nomination Committee
(total of 3 members)		 Chairperson Kim Young-sun
Members Choe Jong-hak
Members Lee Kyoung-mi
Purpose of the CommitteeThe Committee has the authority to nominate candidates for independent directors at the Shareholders General Meeting.
MandateIn the case the Committee nominates a candidate for independent director, a Independent 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 2022

Independent Director Nomination Committee Meeting
title
1st Independent Director Nomination Committee Meeting (7 February 2022)
Matters for Deliberation Nomination of independent directors as members of the Audit Committee
Participants Attendance - - - - - -
Kim Young-sun Present - - - - - -
Lee Kyoung-mi Present - - - - - -
Choe Jong-hak Not present - - - - - -
title
2nd Independent Director Nomination Committee Meeting (7 February 2022)
Matters for Resolution
(1 item)		 Agenda No. 1 : Nomination of independent directors as members of the Audit Committee
Participants Attendance No. 1 - - - - -
Kim Young-sun Present Approve - - - - -
Lee Kyoung-mi Present Approve - - - - -
Choe Jong-hak Not present - - - - - -
Result Approved
1st Independent Director Nomination Committee Meeting (7 February 2022)

<Matters for Deliberation>

  • Nomination of independent directors as members of the Audit Committee
2nd Independent Director Nomination Committee Meeting (7 February 2022)

<Matters for Resolution>

Agenda No. 1
Nomination of independent directors as members of the Audit Committee

Approved

Status of 2020

Independent Director Nomination Committee Meeting
title
1st Independent Director Nomination Committee Meeting (5 February 2020)
Matters for Deliberation Deliberation on nomination for independent director candidate
Participants Attendance - - - - - -
Choe Jeong-il Present - - - - - -
Shin Dong-yeop Present - - - - - -
Choe Jong-hak Present - - - - - -
title
2nd Independent Director Nomination Committee Meeting (4 March 2020)
Matters for Resolution
(1 item)		 Agenda No. 1 : Nomination of independent director candidate
Participants Attendance No. 1 - - - - -
Choe Jeong-il Present Approve - - - - -
Shin Dong-yeop Present Approve - - - - -
Choe Jong-hak Present Approve - - - - -
Result Approved
title
3rd Independent Director Nomination Committee Meeting (27 April 2020)
Matters for Resolution
(1 item)		 Agenda No. 1 : Appointment of Chairperson of Independent Director Nomination
Participants Attendance No. 1 - - - - -
Kim Young-sun Present Approve - - - - -
Choe Jong-hak Present Approve - - - - -
Lee Kyoung-mi Present Approve - - - - -
Result Approved
1st Independent Director Nomination Committee Meeting (5 February 2020)

<Matters for Deliberation>

  • Deliberation on nomination for independent director candidate
2nd Independent Director Nomination Committee Meeting (4 March 2020)

<Matters for Resolution>

Agenda No. 1
Nomination of independent director candidate

Approved

3rd Independent Director Nomination Committee Meeting (27 April 2020)

<Matters for Resolution>

Agenda No. 1
Appointment of Chairperson of Independent Director Nomination Committee

Approved

Status of 2019

Independent Director Nomination Committee Meeting
title
1st Independent Director Nomination Committee Meeting (31 January 2019)
Matters for Resolution
(1 item)		 Agenda No. 1 : Nomination of independent director candidate
Participants Attendance No. 1 - - - - -
Shin Dong-yeop Present Approve - - - - -
Lee Ok-sub Present Approve - - - - -
Choe Jeong-il Present Approve - - - - -
Result Approved
title
2nd Independent Director Nomination Committee Meeting (26 April 2019)
Matters for Resolution
(1 item)		 Agenda No. 1 : Appointment of Chairperson of Independent Director Nomination Committee
Participants Attendance No. 1 - - - - -
Shin Dong-yeop Present Approve - - - - -
Choe Jeong-il Present Approve - - - - -
Choe Jong-hak Present Approve - - - - -
Result Approved
1st Independent Director Nomination Committee Meeting (31 January 2019)

<Matters for Resolution>

Agenda No. 1
Nomination of independent director candidate

Approved

2nd Independent Director Nomination Committee Meeting (26 April 2019)

<Matters for Resolution>

Agenda No. 1
Appointment of Chairperson of Independent Director Nomination Committee

Approved

Internal Transaction Committee

title
Internal Transaction Committee
(total of 3 members)		 Chairperson Choe Jong-hak 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 by 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 Kim Eon-soo
Members Kim Seung-hwan
title
Internal Transaction Committee
(total of 3 members)		 Chairperson Choe Jong-hak
Members Kim Eon-soo
Members Kim Seung-hwan
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 by 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 2022

Internal Transaction Committee Meeting
title
1st Internal Transaction Committee Meeting (7 February 2022)
Matters for Deliberation
(2 item)		 Agenda No. 1 : Transaction between affiliated companies
Agenda No. 2 : Provision of collateral on affiliated company
Participants Attendance No. 1 No. 2 - - - -
Choe Jong-hak Present Approved Approved - - - -
Kim Eon-soo Present Approved Approved - - - -
Kim Seung-hwan Present Approved Approved - - - -
Result Approved Approved
1st Internal Transaction Committee Meeting (22 February 2022)

<Matters for Deliberation>

Agenda No. 1
Transaction between affiliated companies

Approved

Agenda No. 2
Provision of collateral on affiliated company

Approved

Status of 2021

Internal Transaction Committee Meeting
title
1st Internal Transaction Committee Meeting (24 February 2021)
Matters for Deliberation Agenda No. 1 : Provision of collateral to affiliates
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approved - - - - -
Kim Eon-soo Present Approved - - - - -
Kim Seung-hwan Present Approved - - - - -
Result Approved
title
2nd Internal Transaction Committee Meeting (27 April 2021)
Matters for Deliberation Agenda No. 1 : Provision of collateral to affiliates
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approved - - - - -
Kim Eon-soo Present Approved - - - - -
Kim Seung-hwan Present Approved - - - - -
Result Approved
title
3rd Internal Transaction Committee Meeting (23 July 2021)
Matters for Deliberation Agenda No. 1 : The large-scale internal transaction due to a small-scale merger with Aestura and a small-scale stock exchange with Cosvision Corporation
Agenda No. 2 : Provision of collateral to affiliates
Participants Attendance No. 1 No. 2 - - - -
Choe Jong-hak Present Approve Approve - - - -
Kim Eon-soo Present Approve Approve - - - -
Kim Seung-hwan Present Approve Approve - - - -
Result Approved Approved
1st Internal Transaction Committee Meeting (24 February 2021)

<Matters for Deliberation>

Agenda No. 1
Provision of collateral to affiliates

Approved

2nd Internal Transaction Committee Meeting (27 April 2021)

<Matters for Deliberation>

Agenda No. 1
Provision of collateral to affiliates

Approved

3rd Internal Transaction Committee Meeting (23 July 2021)

<Matters for Deliberation>

Agenda No. 1
The large-scale internal transaction due to a small-scale merger with Aestura and a small-scale stock exchange with Cosvision Corporation

Approved

Agenda No. 2
Provision of collateral to affiliates

Approved

Status of 2020

Internal Transaction Committee Meeting
title
1st Internal Transaction Committee Meeting (5 February 2020)
Matters for Deliberation Deliberation on transaction between affiliated companies
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Shin Dong-yeop Present - - - - - -
Kim Seung-hwan Present - - - - - -
title
2nd Internal Transaction Committee Meeting (4 March 2020)
Matters for Deliberation Provision of collateral on affiliated company
Participants Attendance - - - - - -
Choe Jong-hak Present - - - - - -
Shin Dong-yeop Present - - - - - -
Kim Seung-hwan Present - - - - - -
title
3rd Internal Transaction Committee Meeting (27 April 2020)
Matters for Deliberation Agenda No. 1 : Deliberation on provision of collateral on affiliated company
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approve - - - - -
Kim Seung-hwan Present Approve - - - - -
Result Approved
title
4th Internal Transaction Committee (31 July 2020)
Matters for Deliberation Agenda No. 1 : Provision of collateral on affiliated company
Agenda No. 2 : Large scale product & service transaction following an amendment to the enforcement ordinance of the Monopoly Regulation and Fair Trade Act
Participants Attendance No. 1 No. 2 - - - -
Choe Jong-hak Present Approve Approve - - - -
Kim Eon-soo Present Approve Approve - - - -
Kim Seung-hwan Present Approve Approve - - - -
Result Approved Approved
title
5th Internal Transaction Committee (28 October 2020)
Matters for Deliberation Agenda No. 1 : Termination of Trademark Contract with Amorepacific
Participants Attendance No. 1 - - - - -
Choe Jong-hak Present Approve - - - - -
Kim Eon-soo Present Approve - - - - -
Kim Seung-hwan Present Approve - - - - -
Result Approved
1st Internal Transaction Committee Meeting (5 February 2020)

<Matters for Deliberation>

  • Deliberation on transaction between affiliated companies
2nd Internal Transaction Committee Meeting (4 March 2020)

<Matters for Deliberation>

Agenda No. 1
Provision of collateral on affiliated company

Approved

3rd Internal Transaction Committee Meeting (27 April 2020)

<Matters for Deliberation>

Agenda No. 1
Deliberation on provision of collateral on affiliated company

Approved

4th Internal Transaction Committee Meeting (31 July 2020)

<Matters for Deliberation>

Agenda No. 1
Provision of collateral on affiliated company

Approved

Agenda No. 2
Large scale product & service transaction following an amendment to the enforcement ordinance of the Monopoly Regulation and Fair Trade Act

Approved

5th Internal Transaction Committee Meeting (28 October 2020)

<Matters for Deliberation>

Agenda No. 1
Termination of Trademark Contract with Amorepacific

Approved

Compensation Committee

title
Compensation Committee
(total of 3 members)		 Chairperson Kim Young-sun 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 Choe Jong-hak
Members Bae Dong-hyun
title
Compensation Committee
(total of 3 members)		 Chairperson Kim Young-sun
Members Choe Jong-hak
Members Bae Dong-hyun
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 2022

Compensation Committee Meeting
title
1st Compensation Committee Meeting (7 February 2022)
Matters for Resolution
(2 item)		 Agenda No. 1 : Amendment and abolishment of company policy
Agenda No. 2 : Deliberation on maximum remuneration for directors
Participants Attendance No. 1 No. 2 - - - -
Kim Young-sun Present Approve Approve - - - -
Choe Jong-hak Present Approve Approve - - - -
Kim Seung-hwan Present Approve Approve - - - -
Result Approved Approved
1st Compensation Committee Meeting (7 February 2022)

<Matters for Resolution>

Agenda No. 1
Amendment and abolishment of company policy

Approved

Agenda No. 2
Deliberation on maximum remuneration for directors

Approved

Status of 2021

Compensation Committee Meeting
title
1st Compensation Committee Meeting (24 February 2021)
Matters for Resolution
(2 item)		 Agenda No. 1 : Amendment of Executive Severance Pay Rules
Agenda No. 2 : Approval of the limit on director remuneration
Participants Attendance No. 1 No. 2 - - - -
Shin Dong-yeop Present Approve Approve - - - -
Choe Jong-hak Present Approve Approve - - - -
Bae Dong-hyun Present Approve Approve - - - -
Result Approved Approved
1st Compensation Committee Meeting (24 February 2021)

<Matters for Resolution>

Agenda No. 1
Amendment of Executive Severance Pay Rules

Approved

Agenda No. 2
Approval of the limit on director remuneration

Approved

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 61st Annual General Meeting
Participants Attendance No. 1 - - - - -
Shin Dong-yeop Present Approve - - - - -
Choe Jong-hak Present Approve - - - - -
Bae Dong-hyun Present Approve - - - - -
Result Approved
title
2nd Compensation Committee Meeting (27 April 2020)
Matters for Resolution
(1 item)		 Agenda No. 1 : Appointment of Chairperson of Compensation Committee
Participants Attendance No. 1 - - - - -
Kim Young-sun Present Approve - - - - -
Choe Jong-hak Present Approve - - - - -
Bae Dong-hyun Present Approve - - - - -
Result Approved
1st Compensation Committee Meeting (4 March 2020)

<Matters for Deliberation>

  • Establishment and amendment of company policies

<Matters for Resolution>

Agenda No. 1
Approval of the agenda on remuneration limit for board directors for the 61st Annual General Meeting

Approved

2nd Compensation Committee Meeting (27 April 2020)

<Matters for Resolution>

Agenda No. 1
Appointment of Chairperson of Compensation Committee

Approved

Executive Committee

title
Executive Committee
(total of 2 members)		 Chairperson Bae Dong-hyun 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 Bae Dong-hyun
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 2021

Executive Committee Meeting
title
1st Executive Committee Meeting (3 February 2021)
Matters for Resolution
(1 item)		 Agenda No. 1 : Appointment of Chair of the Management Committee
Participants Attendance No. 1 - - - - -
Bae Dong-hyun Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
title
2nd Executive Committee Meeting (21 June 2021)
Matters for Resolution
(1 item)		 Agenda No. 1 : Signing Seongam Building sales contract due to the change of buyer
Participants Attendance No. 1 - - - - -
Bae Dong-hyun Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
1st Executive Committee Meeting (3 February 2021)

<Matters for Resolution>

Agenda No. 1
Appointment of Chair of the Management Committee

Approved

2nd Executive Committee Meeting (21 June 2021)

<Matters for Resolution>

Agenda No. 1
Signing Seongam Building sales contract due to the change of buyer

Approved

Status of 2020

Executive Committee Meeting
title
1st Executive Committee Meeting (26 February 2020)
Matters for Resolution
(1 item)		 Agenda No. 1 : Agreement on the sale of Seongam Building
Participants Attendance No. 1 - - - - -
Bae Dong-hyun Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
title
2nd Executive Committee Meeting (2 March 2020)
Matters for Resolution
(1 item)		 Agenda No. 1 : Change of buyer in the agreement for the sale of Seongam Building
Participants Attendance No. 1 - - - - -
Bae Dong-hyun Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
title
3rd Executive Committee Meeting (27 April 2020)
Matters for Resolution
(1 item)		 Agenda No. 1 : Approval of agreement on the sale of Seongam Building following a change in buyer
Participants Attendance No. 1 - - - - -
Bae Dong-hyun Present Approve - - - - -
Suh Kyung-bae Present Approve - - - - -
Result Approved
title
4th Executive Committee Meeting (14 May 2020)
Matters
for
Report		 Mid to Long-Term Direction and Execution Plan for Sustainable Management 2030
H1 performance and H2 plan of plastic reduction and innovation
Response plan for environmental regulations
Participants Attendance - - - - - -
Bae Dong-hyun Present - - - - - -
Suh Kyung-bae Present - - - - - -
1st Executive Committee Meeting (26 February 2020)

<Matters for Resolution>

Agenda No. 1
Agreement on the sale of Seongam Building

Approved

2nd Executive Committee Meeting (2 March 2020)

<Matters for Resolution>

Agenda No. 1
Change of buyer in the agreement for the sale of Seongam Building

Approved

3rd Executive Committee Committee Meeting (27 April 2020)

<Matters for Resolution>

Agenda No. 1
Approval of agreement on the sale of Seongam Building following a change in buyer

Approved

4th Executive Committee Committee Meeting (14 May 2020)

<Matters for Report>

  • Mid to Long-Term Direction and Execution Plan for Sustainable Management 2030
  • H1 performance and H2 plan of plastic reduction and innovation
  • Response plan for environmental regulations

Status of 2019

Executive Committee Meeting
title
1st Executive Committee Meeting (5 June 2019)
Matters
for
Report		 H1 achievements and H2 plans in sustainable management
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Bae Dong-hyun Present - - - - - -
Result
1st Executive Committee Meeting (5 June 2019)

<Matters for Report>

  • H1 achievements and H2 plans in sustainable management

Risk Management Committee

title
Risk Management
Committee
(total of 2 members)		 Chairperson Kim Seung-hwan 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
title
Risk
Management Committee
(total of 3 members)		 Chairperson Bae Dong-hyun
Members Suh Kyung-bae
Members Kim Seung-hwan
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 2021

Risk Management Committee Meeting
title
1st Risk Management Committee Meeting (3 February 2021)
Matters for Resolution
(1 item)		 Agenda No. 1 : Appointment of Chair of the Risk Management Committee
Participants Attendance No. 1 - - - - -
Suh Kyung-bae Present Approved - - - - -
Bae Dong-hyun Present Approved - - - - -
Kim Seung-hwan Present Approved - - - - -
Result Approved
title
2nd Risk Management Committee Meeting (18 March 2021)
Matters
for
Report		 Key risks issues 2021
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Bae Dong-hyun Present - - - - - -
Kim Seung-hwan Present - - - - - -
Result
title
3nd Risk Management Committee Meeting (17 November 2021)
Matters
for
Report		 2021 key risks and response measures, outlook on potential risks
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Kim Seung-hwan Present - - - - - -
Result
1st Risk Management Committee Meeting (3 February 2021)

<Matters for Resolution>

Agenda No. 1
Appointment of Chair of the Risk Management Committee

Approved

2nd Risk Management Committee Meeting (18 March 2021)

<Matters for Report>

  • Key risks issues 2021
3nd Risk Management Committee Meeting (17 November 2021)

<Matters for Report>

  • 2021 key risks and response measures, outlook on potential risks

Status of 2020

Risk Management Committee Meeting
title
1st Risk Management Committee Meeting (10 December 2020)
Matters
for
Report		 2020 Annual Report
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Bae Dong-hyun Present - - - - - -
Kim Seung-hwan Present - - - - - -
Result
1st Risk Management Committee Meeting (10 December 2020)

<Matters for Report>

  • 2020 Annual Report

Status of 2019

Risk Management Committee Meeting
title
1st Risk Management Committee Meeting (7 March 2019)
Matters
for
Report		 2019 risk environment
2018 risk occurrence analysis
2019 key risks and response measures
Participants Attendance - - - - - -
Suh Kyung-bae Present - - - - - -
Bae Dong-hyun Present - - - - - -
Kim Seung-hwan Present - - - - - -
Result
1st Risk Management Committee Meeting (7 March 2019)

<Matters for Report>

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

ESG Committee

title
ESG
Committee
(total of 4 members)		 Chairperson Kim Eon-soo Purpose of the CommitteeESG Committee shall discuss, deliberate, and decide on the overall matters related to ESG.
MandateThe Committee shall discuss, deliberate, and decide on the matters delegated by the Board of Directors, the matters requiring review in advance to be brought to the Board of Directors and other matters concerning overall management risks.
The matters for reporting or presenting to the Board : Supervision and response to ESG risks such as external regulations, communication with ESG-related stakeholders, ESG strategy establishment and detailed action plans, ESG-related implementation monitoring and improvement response
Members Choe Jong-hak
Members Lee Kyoung-mi
Members Kim Seung-hwan
title
ESG Committee
(total of 4 members)		 Chairperson Kim Eon-soo
Members Choe Jong-hak
Members Lee Kyoung-mi
Members Kim Seung-hwan
Purpose of the CommitteeESG Committee shall discuss, deliberate, and decide on the overall matters related to ESG.
MandateThe Committee shall discuss, deliberate, and decide on the matters delegated by the Board of Directors, the matters requiring review in advance to be brought to the Board of Directors and other matters concerning overall management risks.
The matters for reporting or presenting to the Board : Supervision and response to ESG risks such as external regulations, communication with ESG-related stakeholders, ESG strategy establishment and detailed action plans, ESG-related implementation monitoring and improvement response

Status of 2022

ESG Committee Meeting
title
1st ESG Committee Meeting (7 February 2022)
Matters
for
Report		 Report on measures to strengthen ESG governance
Report on global ESG trends and improvement measures for external evaluation
Participants Attendance - - - - - -
Kim Eon-soo Present - - - - - -
Choe Jong-hak Present - - - - - -
Lee Kyoung-mi Present - - - - - -
Kim Seung-hwan Present - - - - - -
Result
1st ESG Committee Meeting (7 February 2022)

<Matters for Report>

  • Report on measures to strengthen ESG governance
  • Report on global ESG trends and improvement measures for external evaluation

Status of 2021

ESG Committee Meeting
title
1st ESG Committee Meeting (27 April 2021)
Matters for Resolution
(2 item)		 Agenda No. 1 : Appointment of Chair of the ESG Committee
Agenda No. 2 : Approval of 2030 Sustainable Management Strategy and Specific Goals
Participants Attendance No. 1 No. 2 - - - -
Suh Kyung-bae Present Approved Approved - - - -
Bae Dong-hyun Present Approved Approved - - - -
Kim Seung-hwan Present Approved Approved - - - -
Result Approved Approved
title
2nd ESG Committee Meeting (29 October 2021)
Matters
for
Report		 Report on ways of ESG performance management
Report on responses to sustainable palm oil
Matters for Resolution
(1 item)		 Agenda No. 1 : How to improve the operation of the ESG Committee
Participants Attendance No. 1 - - - - -
Suh Kyung-bae Present Approved - - - - -
Bae Dong-hyun Present Approved - - - - -
Kim Seung-hwan Present Approved - - - - -
Result Approved
1st ESG Committee Meeting (27 April 2021)

<Matters for Resolution>

Agenda No. 1
Appointment of Chair of the ESG Committee

Approved

Agenda No. 2
Approval of 2030 Sustainable Management Strategy and Specific Goals

Approved

2nd ESG Committee Meeting (29 October 2021)

<Matters for Report>

  • Report on ways of ESG performance management
  • Report on responses to sustainable palm oil

<Matters for Resolution>

Agenda No. 1
How to improve the operation of the ESG Committee

Approved

List