Corporate Governance

Committees in the Board of Directors

Committee Object and Authority Member Regulations
Audit Committee

The Audit Committee is organized to conduct audits under the relevant laws and regulations and the company’s articles of association.

The committee audits the Board in fulfilling its responsibilities and company’s accounting and resolves the appointment of an external auditor

Yi, Han Sang, outside director
Lee, Young Myung, outside director
Lee, Yun Jeong, outside director
Regulations
Nomination and Remuneration Committee

The Nomination and Remuneration Committee is organized to recommend the company's outside director candidates, establish the compensation policy and ensure the objectivity and transparency of the compensation level.

The committee decides candidates to be appointed as outside directors at the general shareholders’ meeting by verifying their qualifications and capabilities, resolves directors’ compensation limit and deliberates on the company’s performance evaluation and compensation system.

Shin, Hyun Sik, non-executive, non-outside director
Lee, Young Myung, outside director
Lee, Yun Jeong, outside director
Regulations
ESG Committee

The Governance Committee deliberates on and decides large-scale internal trading under the Fair Trade Act of the Board of Directors and plays a role in pre-deliberating
management issues/matters affecting shareholder value among the issues/matters requiring the resolution of the Board of Directors.

Yi, Han Sang, outside director
Lee, Young Myung, outside director
Lee, Yun Jeong, outside director
Regulations
Financial Committee

The Finance Committee is organized within the board of directors under the company’s articles of association.

The committee decides financial matters delegated by the board of directors such as stock acquisition, borrowings, and investment decisions.

Jeon, Byung Wook, inside director
Shin, Hyun Sik, non-executive, non-outside director
Yi, Han Sang, outside director
Regulations

Committee operation status

Audit Committee

Date of Meeting Agenda Approval Status
2022.05.11 1Q financial performance report Report
1Q Report on Internal Audit performance Report
Report on the operation plan of internal accounting control system in 2022 Report
Communication with external auditor Report
Evaluation of audit results by external auditor in 2021 Other
2022.04.14 Report on Subsidiary management status Report
2022.02.24 Review of 2021 Accounts Settlement Approved
Approval of the 2022 Audit plan Approved
Re-report on the operation status of the internal accounting control system in 2021 Report
Communication with external auditor Report
Evaluation of the operation status of the internal accounting control system in 2021 Other
2022.02.17 Report on the operation plan of 2022 Audit Committee Report
Report on Internal Audit Performance in 2021 Report
Report on financial due diligence Report
Report on the operation status of the internal accounting control system in 2021 Report

ESG Committee

Date of Meeting Agenda Approval Status
2022.03.25 Report on 2022 ESG Committee operation plan Report
Report on internal transaction status for 1Q22 Report
2022.02.24 Review on agenda of the general shareholders' meeting for amendment of the articles of incorporation Deliberation
Review on 2021 dividend plan Deliberation
2022.02.17 Approval of large internal transactions under Pocheon power stock collateral contract Approved
2022.01.24 Review on acquiring shares of other corporations Deliberation

Financial Committee

Date of Meeting Agenda Approval Status
No operation status.

Nomination and Remuneration Committee

Date of Meeting Agenda Approval Status
2022.02.17 Adjustment of remuneration for outside directors Approved
2022.01.24 Approval of Director remuneration limit (FY2022) Approved
Review on 2021 performance incentives Deliberation
Report on the performance of directors' remuneration in 2021 Report

External auditor status

Year External Auditor Date of Appointment Contract Period Auditor's Opinion
2022 Deloitte Anjn LLC Dec. 15, 2021: Approval of the Audit Committee 3 years -
2021 Deloitte Anjn LLC - 3 years Unqualified opinion
2020 Deloitte Anjn LLC - 3 years Unqualified opinion
2019 Deloitte Anjn LLC Dec. 10, 2018: approval of the Audit Committee 3 years Unqualified opinion
2018 Deloitte Anjn LLC - 3 years Unqualified opinion
2017 Deloitte Anjn LLC - 3 years Unqualified opinion
2016 Deloitte Anjn LLC Feb. 25, 2016: approval of the Audit Committee 3 years Unqualified opinion
2015 Deloitte Anjn LLC - 3 years Unqualified opinion
2014 Deloitte Anjn LLC - 3 years Unqualified opinion
2013 Deloitte Anjn LLC Feb 07, 2013 approval of the Audit Committee 3 years Unqualified opinion
2012 Deloitte Anjn LLC - 3 years Unqualified opinion
2011 Deloitte Anjn LLC - 3 years Unqualified opinion
2010 Deloitte Anjn LLC Feb. 19, 2010: approval of the Audit Committee 3 years Unqualified opinion
2009 Samil PWC - 3 years Unqualified opinion
2008 Samil PWC - 3 years Unqualified opinion
2007 Samil PWC Feb. 09. 2007approval of the Audit Committee 3 years Unqualified opinion
2006 Samil PWC - 3 years Unqualified opinion