Board Committees

LG Display has established an Audit Committee as an internal audit body in accordance with Article 542-11 of the Commercial Act. The Audit Committee is an independent body composed of Independent Directors who are not disqualified under the Commercial Act and the Articles of Incorporation. The Audit Committee performs audits of the company's accounting and major management operations, approves the appointment of external auditors, evaluates the operation of the internal accounting framework, and checks the status of internal monitoring systems. Additionally, the company conducts audit operations through an internal audit department composed of experts, including certified public accountants and professionals with accounting experience. Meanwhile, Audit Committee members receive annual training necessary for their duties and conduct self-evaluations to review the role and activities of the Audit Committee, thereby overseeing management and enhancing professionalism. The Audit Committee meets at least once per quarter, and the attendance rate for the Audit Committee in 2024 was 100%.

The Independent Director Nomination Committee recommends candidates for new appointments and reviews reappointments after comprehensively evaluating their activities as independent directors, taking into consideration their attendance rate at board meetings and the quality of their expert advice during their three-year term. LG Display's Independent Directors are appointed individually at the General Meeting of Shareholders after being recommended by the Independent Director Nomination Committee and undergoing evaluation and screening. Currently, LG Display's Independent Directors consist of experts in industrial technology, finance and accounting, law, and management consulting. The Independent Director Nomination Committee meets as necessary, and the attendance rate for the Independent Director Nomination Committee in 2024 is 100%.

The Internal Transaction Committee was established in July 2021 to strengthen the company's controls over internal transactions, such as transactions between affiliates, and to enhance the fairness and transparency of transactions. The Internal Transaction Committee deliberates and approves transactions with related parties under the Commercial Act and Fair Trade Act that exceed a certain scale and reports the results to the Board of Directors. The Internal Transactions Committee holds meetings once every 6 months as a general rule, but may convene additional meetings as needed. The attendance rate for the Internal Transactions Committee in 2024 was 100%.

The ESG Committee deliberates and approves basic policies for ESG management and compliance management, as well as mid- to long-term ESG goals, in order to fulfill the company's responsibilities and roles toward the environment and society and establish a foundation for transparent corporate governance and compliance management. In addition, the committee receives reports on major ESG issues selected through double materiality assessment and reviews matters related to the selected issues. The ESG Committee meets once every 6 months, and the attendance rate for the ESG Committee in 2024 is 100% for Executive Directors and 100% for Independent Directors.

LG Display has established a Management Committee to enable the Board of Directors to focus on deliberating more important matters efficiently. The Management Committee handles management and financial matters below a certain scale delegated by the Board of Directors, thereby promoting execution of tasks by management. The Management Committee, consisting of 2 Executive Directors, resolves matters related to the issuance of private londs and the establishment, relocation, and closure of overseas subsidiaries, branches, factories, offices, and other important facilities below a certain scale. The Management Committee meets as necessary, and no meetings were held in 2024.