Related Party Transactions Committee

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

Overview

General description

The Related Party Transactions Committee was established in April 2004 to enhance corporate transparency and promote fair transactions. The Committee is responsible for reviewing related party transactions.

Composition

In accordance with relevant laws and regulations, the Related Party Transactions Committee shall consists of three Independent Directors who are appointed by resolution at a meeting of the Board of Directors. The Committee currently consists of three Independent Directors.

List of Committees
Related Party Transactions Committee
Han-Jo Kim	Eun-Nyeong Heo	Myung-Hee Yoo

Operation

Convention & resolution

The Related Party Transactions Committee shall meet at least once every quarter. 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.

Authority

The Related Party Transactions Committee shall have the authority to:

receive reports on transactions between the Company and its affiliates
order an investigation on documents of related party transactions
recommend the Board of Directors take corrective measures for related party transactions that violate laws or Company regulations

Responsibilities

The Related Party Transaction Committee has responsibilities in the following areas:

duty of good faith
duty to investigate and report to the Board of Directors on finding any related party transaction that is in violation of laws or regulations
duty to prepare minutes

Activities

Committee Activities in 2023
Date	Agenda	Attendance
November 28	Prior review on large-scale related party transactions 1) Payment of retirement pension plan 2) Approval of 2024 large-scale product and service transactions	3/3
October 27	Prior review on large-scale related party transactions 1) Changes to the real estate lease agreement with Samsung Display 2) License grant agreement with Samsung Display 3) Purchase agreement for Green 2-dong with Samsung Display	3/3
October 27	Report on 3Q23 related party transactions	3/3
August 18	Prior review on large-scale related party transactions 1) Purchase of package insurance policy for domestic operations	3/3
July 25	Prior review on large-scale related party transactions 1) Charitable contributions 2) Purchase of mobile device insurance	3/3
July 25	Report on 2Q23 related party transactions	3/3
April 25	Report on 1Q23 related party transactions	3/3
February 10	Prior review on large scale related party transactions 1) Purchase of product liability insurance 2) Financial transaction with Samsung Display	3/3
January 27	Prior review on large scale related party transactions 1) Lease agreement (lessee) with Samsung Display	3/3
January 27	Report on 4Q22 related party transactions	3/3

Committee Activities in 2022
Date	Agenda	Attendance
November 28	Prior review on large scale related party transactions 1) Payment of retirement pension plan 2) Approval of 2023 large scale product and service transactions	4/4
October 25	Report on 3Q22 related party transactions	4/4
July 26	Prior review on large scale related party transactions 1) Joining of the New Technology Investment Association 2) Purchase of package insurance policy for domestic operations 3) Purchase of mobile device insurance 4) Real estate lease agreement with Samsung Display	4/4
July 26	Report on 2Q22 related party transactions	4/4
April 26	Real estate lease agreement of company building of SEC in Seocho	3/3
	Purchase of employee insurance policy
	Charitable contributions
	Joining of the New Technology Investment Association
	Lease agreement with Samsung SDI
	Report on 1Q22 related party transactions
March 11	Participation in Samsung Biologics' rights offering	3/3
February 11	Purchase of product liability insurance	3/3
January 25	Report on 4Q21 related party transactions	3/3

Committee Activities in 2021
Date	Agenda	Attendance
November 26	Prior review on large-scale related party transactions 1) Payment of retirement pension plan 2) Approval of 2022 large-scale product and service transactions	3/3
October 26	Prior review on large-scale related party transactions 1) Participation in Samsung Heavy Industries' rights offering 2) Joining of the New Technology Investment Association	3/3
October 26	Report on 3Q21 related party transactions	3/3
July 27	Prior review on large-scale related party transactions 1) Package insurance policy for Domestic operations	3/3
July 27	Report on 2Q21 related party transactions	3/3
April 27	Appointment of the Head of Related Party Transactions Committee	3/3
	Prior review on large-scale related party transactions 1) Charitable contribution 2) Application for New Technology Investment Association
	Report on 1Q21 related party transactions
March 12	Prior review on large-scale related party transactions 1) Application for product liability insurance	3/3
February 10	Prior review on large-scale related party transactions 1) Contract agreement with Samsung Biologics and Samsung BioEpis for using Samsung CI	3/3
January 26	Report on 4Q20 related party transactions	3/3

Committee Activities in 2020
Date	Agenda	Attendance
November 30	Prior review on large-scale related party transactions 1) Lease contract with Samsung Display 2) Payment of retirement pension plan 3) Approval of 2021 large-scale product and service transactions	3/3 present
October 27	Prior review on large-scale related party transactions 1) Royalty income from Samsung Biologics	3/3
October 27	Report on 3Q20 related party transactions	3/3
July 28	Prior review on large-scale related party transactions 1) Lease contract with Samsung Display	3/3
July 28	Report on 2Q20 related party transactions	3/3
May 25	Prior review on large-scale related party transactions 1) Package insurance policy for domestic operations	3/3
April 27	Prior review on large-scale related party transactions 1) Lease contract of office space in Seocho 2) Charitable contribution 3) Lease contract with Samsung SDI 4) Report on 1Q20 related party transactions	3/3
April 27	Report on 1Q20 related party transactions	3/3
March 16	Prior review on large-scale related party transactions 1) Application for product liability insurance	3/3
January 30	Report on 4Q19 related party transactions	3/3

Committee Activities in 2019
Date	Agenda	Attendance
November 29	Prior review on large-scale related party transactions 1) Payment of retirement pension plan 2) Approval of 2020 large-scale product and service transactions
October 28	Prior review on large-scale related party transactions 1) Payment of retirement pension plan
October 28	Report on 3Q19 related party transactions
July 30	Prior review on large-scale related party transactions 1) Package insurance policy for our sites	3/3
July 30	Report on 2Q19 related party transactions	3/3
April 29	Appointment of the head of the Related Party Transactions Committee	3/3
	Prior review on large-scale related party transactions 1) Application for new technology business investment association 2) Acquisition of PLP business 3) Group health insurance plan for employees 4) Charitable contributions
	Report on 1Q19 related party transactions
February 26	Prior review on large-scale related party transactions 1) Application for product liability insurance	3/3
January 30	Prior review on large-scale related party transactions 1) Lease contract with Samsung Display 2) Purchase of research equipment and lease contract with Samsung SDI	3/3
January 30	Report on 4Q18 related party transactions	3/3

Committee Activities in 2018
Date	Agenda	Attendance
November 30	Prior review on large-scale related party transactions 1) Payment of retirement pensions 2) Approval of large-scale goods and services transactions in 2019	3/3 present
October 30	Prior review on large-scale related party transactions 1) Application for Venture Capital Union	3/3 present
October 30	Report on 3Q18 related party transactions	3/3 present
July 30	Prior review on large-scale related party transactions 1) Lease contract with Samsung Securities 2) Purchase of indemnity insurance 3) Lease contract with Samsung Display	3/3 present
July 30	Report on 2Q18 related party transactions	3/3 present
April 25	Prior review on large-scale related party transactions 1) Lease contract with Samsung Life Insurance 2) Charitable contributions 3) Application for employee insurance 4) Acquistion of Samsung Pay and purchase of intellectual property	3/3 present
April 25	Report on 1Q18 related party transactions	3/3 present
April 6	Prior review on large-scale related party transactions 1) Participation in Samsung Heavy Industries' rights offering	3/3 present
March 23	Prior review on large-scale related party transactions 1) Application for product liability insurance	3/3 present
January 30	Prior review on large-scale related party transactions 1) Royalty income from Samsung medison	3/3 present
January 30	Report on 4Q17 related party transactions	3/3 present

Committee Activities in 2017
Date	Agenda	Attendance
November 24	Prior review on large-scale related party transactions 1) Approval of large-scale goods and services transactions in 2018 2) Payment of retirement pensions	3/3 present
October 30	Report on 3Q17 related party transactions	3/3 present
July 26	Prior review on large-scale related party transactions 1) Application for property insurance	3/3 present
July 26	Report on 2Q17 related party transactions	3/3 present
June 12	Prior review on large-scale related party transactions 1) Property leasing contract with Samsung Display	3/3 present
April 26	Prior review on large-scale related party transactions 1) Donation 2) Property leasing contract with Samsung Display and compensation for the disposal of a property	3/3 present
April 26	Report on 1Q17 related party transactions	3/3 present
February 22	Prior review on large-scale related party transactions 1) Application for product liability insurance	3/3 present
January 23	Report on 4Q16 related party transactions	3/3 present

Committee Activities in 2016
Date	Agenda	Attendance
November 29	Prior review on large-scale related party transactions 1) Approval of large-scale goods and services transactions in 2017 2) Payment of retirement pensions	3/3 present
October 26	Prior review on large-scale related party transactions 1) Participation in Samsung Heavy Industries rights offering 2) Purchase of shares 3) Property leasing contract with Samsung Securities 4) Sale of real estate to Samsung Life Insurance 5) Application for Venture Capital Union 6) Donation to Samsung Life Public Welfare Foundation	3/3 present
October 26	Report on 3Q16 related party transactions	3/3 present
September 28	Prior review on large-scale related party transactions 1) Disposal of Samsung Biologics shares	3/3 present
July 27	Prior review on large-scale related party transactions 1) Application for property insurance 2) Application for Venture Capital Union	3/3 present
July 27	Report on 2Q16 related party transactions	3/3 present
May 20	Prior review on large-scale related party transactions 1) Property leasing contract with Samsung Display 2) Approval of Greenhouse gas emissions trading with Samsung Display	3/3 present
April 27	Approval items 1) Appointment of the head of Related Party Transactions Committee	3/3 present
	Prior review on large-scale related party transactions 1) Acquisition of Samsung Biologics shares 2) Donation to Sungkyunkwan University 3) Property leasing contract with Samsung Life Insurance
	Report on 1Q16 related party transactions
March 11	Prior review on large-scale related party transactions 1) Cancellation of real estate lease contracts with Samsung Life Insurance 2) Donation	3/3 present
February 12	Prior review on large-scale related party transactions 1) Approval of changes in large-scale goods and services transactions in 2016	3/3 present
January 27	Prior review on large-scale related party transactions 1) Disposal of Samsung Card shares	3/3 present
January 27	Report on 4Q15 related party transactions	3/3 present

Committee Activities in 2015
Date	Agenda	Attendance
November 20	Prior review on large-scale related party transactions 1) Approval of 2016 large-scale transactions of goods/services 2) Payment of retirement pensions 3) Distribution of the remaining amount of disposal of Samsung Life insurance shares 4) Real estate rental from Samsung Life Insurance	3/3 present
October 28	Report on 3Q15 related party transactions	3/3 present
August 28	Preliminary review on large-scale related party transactions 1) Approval of purchase contract of Samsung Fine Chemicals assets	3/3 present
July 29	Preliminary review of large-scale related party transactions 1) Application for property insurance 2) Approval of changes in large-scale goods and services transactions in 2015	2/3 present
July 29	Report on 2Q 15 related party transactions	2/3 present
April 28	Preliminary review on large-scale related party transactions 1) Donation to Sungkyunkwan University	3/3 present
April 28	Report on 1Q15 related party transactions	3/3 present
February 13	Preliminary review on large-scale related party transactions 1) Donation	3/3 present
January 28	Preliminary review on large-scale related party transactions 1) Application for Venture Capital Union	3/3 present
January 28	Report on 4Q14 related party transactions	3/3 present

Committee Activities in 2014
Date	Agenda	Attendance
November 26	Preliminary review on large-scale related party transactions 1) Approval of 2015 large-scale transactions of goods/services 2) Payment of retirement pensions 3) Equity investments 4) Real estate rental from Samsung Life Insurance	3/3 present
October 29	Report on 3Q14 related party transactions	3/3 present
July 30	Preliminary review on large-scale related party transactions 1) Approval of Samsung Asset Management annual trade volume 2) Application for property insurance 3) Donation to Sungkyunkwan University 4) Donation to Samsung Science & Technology Foundation	3/3 present
July 30	Report on 2Q14 related party transactions	3/3 present
June 3	Preliminary review on large-scale related party transactions 1) Disposal of technology related assets 2) Ownership investments 3) A property leasing contract with Samsung Display	3/3 present
February 18	Prior review on large-scale related party transactions 1) Donation to Chung-nam Samsung Institute	2/3 present
January 23	Prior review on large-scale related party transactions 1) Participation in Samsung BioLogics paid-in capital increase	3/3 present
January 23	Report on 4Q13 related party transactions	3/3 present

Committee Activities in 2013
Date	Agenda	Attendance
November 29	Prior review on large-scale related party transactions 1) Approval of transactions with affiliated persons 2) Donation to affiliated person(s) 3) Approval of purchase contract of Samsung Corning Precision Materials building	3/3 present
November 29	Prior review on large-scale related party transactions 1) Payment of retirement pension to Samsung Life 2) Donation to Sungkyunkwan University	3/3 present
November 29	Report on 3Q13 related party transactions	3/3 present
July 25	Prior review on large-scale related party transactions 1) Extension of a ceiling on beneficiary certificate transactions 2) Donation to affiliate persons 3) Application for property insurance	3/3 present
July 25	Report on 2Q13 related party transactions	3/3 present
April 25	Approval items 1) Appointment of the head of Related Party Transactions Committee	3/3 present
	Report on 1Q13 related party transactions
	Prior review on large-scale related party transactions 1) Renewal of the existing directors liability insurance policy 2) Donation to affiliate persons 3) Donation to Chung-nam Samsung Institute
January 24	Report on 4Q12 related party transaction review	3/3 present

Committee Activities in 2012
Date	Agenda	Attendance
July 26	Prior review on large-scale related party transactions 1) Extension of a ceiling on beneficiary certificate transactions 2) Purchase of property and casualty insurance policy	2/3 present
July 26	Report item: 2Q 2012 related party transactions and review results	2/3 present
June 25	Prior review on large-scale related party transactions 1) Donation to Samsung Foundation 2) Stake acquisition in SEHF Korea 3) Renewal of umbrella liability insurance policy for 2012 in North America	3/3 present
April 26	Agenda 1) Appointment of Related Parties Transaction Committee head	2/3 present
	Prior review on large-scale related party transactions 1) Acquisition of Samsung Corp.'s stake in SJC and SAPL 2) Approval of large-scale goods & services transactions
	Report item: 1Q 2012 related party transactions and review results
April 2	Prior review on large-scale related party transactions 1) Renewal of D&O liability insurance for 2012 2) Donation to Samsung Foundation	3/3 present
February 20	Prior review on large-scale related party transactions 1) Investment related to bio-similar business 1-1. Participation in Samsung Biologics' rights offering 1-2. Disposal of asset related to biosimilar product development 2) Renewal of rental contract with Samsung Mobile Display 3) Request for infrastructure cost-sharing to Samsung Mobile Display	3/3 present
January 26	Prior review on large-scale related party transactions 1) Plan for selling real estate to Samsung Corning Precision Materials 2) Contract for sharing costs for re-developing the site within Samsung Electronics to construct a research complex	3/3 present
January 26	Report item: 4Q 2011 related party transactions and review results	3/3 present