| Audit Type | Position (Part/ Full- time status) | Name | Date of appointment | Tenure | Responsi-bility | Status of insured |
|---|---|---|---|---|---|---|
| Internal Director | - | - | - | - | - | - |
| Outside Director | Director (Part-time) |
Shin Dong-gyu | 2012-03-30 | 3 years | - | Insured |
| Director (Part-time) |
Shin Hi-taek | 2012-03-30 | 3 years | - | Insured | |
| Director (Part-time) |
Oh Dae-shik | 2012-03-30 | 3 years | - | Insured |
| year | no | Date of Meeting | Agenda | Approval status |
|---|---|---|---|---|
| 2006 | 1 | 2006-01-25 | Report and approval of the consultation of the outside auditor on the matters related to internal accounting system | Approved |
| 2 | 2006-02-08 | Evaluation of the operation of internal accounting system | - | |
| 3 | 2006-02-27 | Report the progress of 2005 audit | - | |
| 4 | 2006-03-09 | Approval of the auditing report | Approved | |
| 5 | 2006-03-17 | Appointment of the chairperson of the audit committee | Approved | |
| 6 | 2006-07-28 | Report the realities of the operation of internal accounting system | - | |
| 7 | 2006-11-02 | Agreement on the outside auditor’s work related to the establishment of a standard for taxation work Report of the outside auditor’s work on the matters related to the sale of Kimchi business group |
Approved - |
|
| 2007 | 1 | 2007-02-21 | Internal accounting management system operation status report for H2 of '06 Key accounting audit report by Outside Director |
- - |
| 2 | 2007-07-26 | 2007 Internal Accounting Management System operation status report for first half Report of the outside auditor on major issues in accounting |
- - |
|
| 3 | 2007-10-24 | Agreement on Outside Director’s providing consultation on Doosan Corporation spin-off | Approved | |
| 2008 | 1 | 2008-02-28 | Approval of the appointment of outside accounting firm Approval of the auditor’s opinion on internal watching system Report of the outside auditor on major issues in accounting in 2007 Report of the realities of Internal accounting system in 2007 |
Approved Approved - - |
| 2 | 2008-07-29 | 1.Report on the realities of internal accounting system in 1st half of 2008 2.Report of the outside auditor on major accounting issues. 3.Report of the outside auditor on the contract with the agent for tax adjustment. |
- - - |
|
| 2009 | 1 | 2009-03-10 | Report of the outside auditor on major accounting issues. Report on the realities of the internal accounting system Approval of the auditor’s opinion on the internal observation system and the audit report. |
- - Approved |
| 2 | 2009-03-27 | Appointment of the Chair of the Audit Committee. | Approved | |
| 3 | 2009-07-28 | Report of the key results of the accounting audit conducted by an external auditor. Report of contracting with the external auditor - (Deloitte Anjin) - a tax filing agency |
- - |
|
| 2010 | 1 | 2010-03-05 | Report of the key results of the accounting audit conducted by an external auditor Report of the operating of internal accounting system Approval of the auditor’s opinion on the internal observation system and the audit report |
- - Approved |
| 2 | 2010-07-23 | Report of the key results of the accounting audit conducted by an external auditor Report of the outside auditor on the contract with the agent for tax adjustment Report of the outside auditor on the diagnosis consulting contract for security weakness |
||
| 2011 | 1 | 2011-01-27 | External auditor's report on accounting audit results | - |
| 2 | 2011-02-28 | Approval of external auditor appointment Approval of auditor's statement on auditor's audit report and internal surveillance instrument Report on operating status of internal accounting management system |
Approved Approved - |
|
| 3 | 2011-05-24 | Report on major issues regarding external auditor's accounting review External auditor's report on the agreement for tax adjustment agent |
- - |
|
| 4 | 2011-08-25 | Report on major issues regarding external auditor's accounting review External auditor's report on efficient tax rate (ETR) management project agreement External auditor's report on the establishment of an integrated chemical substances management system External auditor's report on the agreement for executives coaching |
- - - - |
|
| 5 | 2011-11-22 | External auditor's report on major issues regarding the accounting review External auditor's report on the agreement for a tax adjustment agent External auditor's report on the EHS (Environmental Health and Safety) PI project agreement |
- - - |
|
| 2012 | 1 | 2012-02-16 | Report on accounting audit results by outside auditor | - |
| 2 | 2012-03-08 | - Report on the operating status of the internal accounting management system - External auditor’s report on tax service contract of expatriates - Approval of auditor’s audit report and auditor’s statement on internal monitoring instrument |
- - Approved |
|
| 3 | 2012-03-30 | Election of Audit Committee Chairman | Approved |
- 01. Search Firm
- Develop a pool of candidates for membership of the Audit Committee
- 02. Outside director candidate
recommendation consultation
committee - Recommendation of candidates (twice the final number)
- 02. Outside director candidate
- 03. Outside director candidate
recommendation committee - Select outside candidates for director to be appointed as member of the Audit Committee
- 03. Outside director candidate
- 04. Board of Directors
- Make decision on items recommended by members of the Audit Committee
- 05. General Shareholders’
Meeting - Make the final selection of Audit Committee members after decision by the General Shareholders’ Meeting
- 05. General Shareholders’
| Name of company | Date of appointment | Contract period | Recent audit opinion |
|---|---|---|---|
| Anjin Accounting | February 28, 2008 | 3 years unqualified opinion | Proper |
- 1. Composition of the Audit Committee
- 1.1 The Company shall install an Audit Committee in lieu of an Auditor.
- 1.2 The Audit Committee shall consist of 3 Directors.
- 1.3 Two thirds or more of the Committee members should be Outside
Directors. Members who are not Outside Directors shall meet the
requirements specified in Paragraph 3, Article 54-6 of the Securities
Transaction Act. - 1.4 The Audit Committee shall select a representative of the Committee.
In this case, a number of members may jointly represent the Committee.
- 2. Responsibilities of the Audit Committee
- 2.1 Items on the General Shareholders’ Meeting
- Request for convocation of an Extraordinary Shareholders’ Meeting.
- Statement on the documentation and agenda of the General Shareholders’ Meeting.
- 2.2 Directors and Board of Directors
- Duty of reporting to the Board of Directors.
- Development and submission of the Audit Report.
- Damage request regarding any illegal act on the part of the Director.
- Request for a business report to the Director.
- Items entrusted by the Board of Directors
- 2.3 Items for Audit
- Investigation into business and properties.
- Investigation of subsidiaries.
- Receiving the Director’s report.
- Representative of the Directors and the Company at the time of a dispute.
- Determination on filing a lawsuit when a lawsuit against the Director is requested by minor shareholders.
- Request for the appointment of an Outside Auditor
- Receiving information on irregularities in the execution of the Director’s duties or a report that contains facts in material breach of the law or the Rules of Incorporation from an Outside Auditor
- Receiving a report on facts pertaining to the Company in breach of the accounting principles from an Outside Auditor.
- Evaluation of the internal control system.
- Items that require a decision by the Audit Committee as stipulated in the law or the Rules of Incorporation, or items that are deemed necessary by another Audit Committee.
- 2.1 Items on the General Shareholders’ Meeting
