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Compensation Committee

We practice progressive and innovative entrepreneurship
under the principle of transparent and responsible management

Overview

General description

The Compensation Committee was established to ensure the objectivity and transparency of decisions related to Director compensation.

The Committee is responsible for assessing the appropriateness of Director compensation, and reviews and approves the ceiling on Director compensation to be submitted for resolution at a general meeting of shareholders.

Composition

In accordance with relevant laws and regulations, the Compensation Committee shall consist of three Independent Directors who are appointed by resolution at a meeting of the Board of Directors. Currently the committee consists of three Independent Directors.

List of Committees
Compensation Committee
Byung-Gook Park
(Head of the Committee)
Jae-Wan Bahk Jeong Kim

Operation

Convention & resolution
The Compensation Committee is only called upon when there are agenda items regarding compensation limits or schemes for Directors to be submitted at a general meeting of shareholders. The Committee shall hold a regular meeting at least once a year. The Head of the Committee shall call meetings and notify the members and other participants of the meeting time and place at least 24 hours in advance.
The presence of a majority of all Committee members shall constitute a quorum and resolutions shall be adopted by a majority of the votes of members attending the meeting; provided that the Committee meeting may take place via electronic means, such as by conference call, within the scope provided by relevant laws.

Activities