Established on February 2016
Revised on October 2019
① The Audit Committee shall be composed of three (3) or more directors with at least one member with professional knowledge of accounting or finance and shall be appointed at the General Meeting of Shareholders. In addition, in order to ensure independent, transparent audit process, two thirds (2/3) or more of the Audit Committee shall be outside directors.
② The Audit Committee shall perform the following functions:
- Audit the legitimacy of business activities of directors and executives
- Review of soundness and reasonableness of the financial activities and accuracy of the financial reports
- Change and dismissal of external auditor and reports to General Meeting of Shareholders
- Other matters prescribed by legislation, articles of incorporation, and Audit Committee by laws
③ The Audit Committee may, at any time, access or make a copy of records or documents related to accounting, and may require reports on business from a director or investigate the Company’s business and asset status.
①An external auditor shall conduct audits fairly and independently from the Company, the management, and shareholders, etc.
②The Audit Committee shall appoint the external auditor, and such external auditor shall report import matters found during its audit to the Audit Committee.
③The external auditor must participate in the General Meeting of Shareholders and must respond in good faith to question(s) raised by a shareholder.