Independent Director Recommendation Committee

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under the principle of transparent and responsible management

Overview

General description

The Independent Director Recommendation Committee is tasked with recommending Independent Director candidates in accordance with relevant laws and regulations, the Articles of Incorporation, and the Regulations of the Board of Directors. The Committee assesses the independence and ability of potential Independent Directors and recommends candidates to the Board of Directors.

The Board of Directors, from among a list provided by the Committee, submits the names of the final candidates for resolution at a general meeting of shareholders. This minimizes management’s influence over the process of choosing candidates for the position of Independent Director and helps Independent Directors maintain their independence.

Download PDF( Independent Director Recommendation Committee Charter)

Composition

In accordance with relevant laws and regulations, the Independent Director Recommendation Committee shall consist of at least two but no more than four Directors, with Independent Directors comprising at least half of the Committee. Members are appointed by resolution at a meeting of the Board of Directors. The Committee currently consists of three Independent Directors.

List of Committees
Independent Director Recommendation Committee
Je-Yoon Shin (Head of Committee)	Eun-Nyeong Heo	Myung-Hee Yoo

Operation

Convention & resolution

The Independent Director Recommendation Committee is only called upon when there are candidates for Independent Director to be submitted at a general meeting of shareholders. The Head of the Committee shall call meetings and notify 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, and a member having special interest in the resolution of the committee shall not exercise his or her voting rights.

Activities

There were no Independent Director Recommendation Committee meetings held in 2014, 2017 as there were no Independent Director
candidates requiring approval.

Committee Activities in 2024
Date	Agenda	Attendance
February 19	Recommending a candidate as an Independent Director for Audit Committee	3/3 present
February 19	Recommending candidates for Independent Directors	3/3 present
January 29	Appointment of the Head of the Independent Director Recommendation Committee	3/3 present
January 29	Deciding on the date for recommending Independent Directors	3/3 present

Committee Activities in 2022
Date	Agenda	Attendance
August 22	Recommendation of Independent Director candidates	2/2 present
February 11	Recommendation of Independent Director candidates	3/3 present
January 27	Appointment of Head of the Committee	3/3 present
January 27	Deadline for recommendation of Independent Director candidates	3/3 present

Committee Activities in 2021
Date	Agenda	Attendance
February 10	Recommendation of independent director candidates	3/3 present
February 10	Recommendation of Independent Director for Audit Committee member	3/3 present
January 28	Deadline for recommendation of independent director candidates	3/3 present

Committee Activities in 2019
Date	Agenda	Attendance
February 25	Recommendation of independent director candidates	3/3 present
January 31	Appointment of head of Committee	3/3 present
January 31	Determination of deadline for recommendation of independent director candidates	3/3 present

Committee Activities in 2018
Date	Agenda	Attendance
February 21	Recommendation of independent director candidates	4/4 present
January 31	Deadline for recommendation of independent director candidates	4/4 present

Committee Activities in 2016
Date	Agenda	Attendance
February 5	Recommendation of Independent Director candidates	4/4 present
January 28	Deadline for recommendation of Independent Director candidates	3/4 present

Committee Activities in 2015
Date	Agenda	Attendance
July 30	Appointment of head of the Independent Director Recommendation Committee	4/4 present
February 11	Recommendation of Independent Director candidates	4/4 present
January 29	Deadline for recommendation of Independent Director candidates	4/4 present

Committee Activities in 2013
Date	Agenda	Attendance
February 14	Recommendation of Independent Director candidates	3/3 present
January 25	Appointment of Chairman of the Independent Director Recommendation Committee	3/3 present
January 25	Deadline for recommendation of Independent Director candidates	3/3 present

Committee Activities in 2012
Date	Agenda	Attendance
February 16	Recommendation of Independent Director candidates	3/3 present
January 27	Independent director candidates confirmation	3/3 present