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Committees within the Board of Directors

The BOD consists of five committees. Among them, the Audit Committee and the Outside Director Nomination Committee are compulsory in accordance with laws and regulations. The roles and purposes of each committee are as follows.

  • The Audit Committee conducts audits of accounting and major business operations, evaluation of the operation status of the internal accounting management system, etc., and monitors the execution of duties so that directors and management can make rational business decisions.
  • The Outside Director Nomination Committee by Inside Directors strictly examines whether candidates for outside directors have independence and professionalism as a director and recommends them as final candidates.
  • The Related Party Transaction Committee deliberates and approves transactions between affiliates and related persons that exceed a certain size in order to enhance fairness and transparency in insider transactions, and reports the results to the Board of Directors.
  • The ESG Committee deliberates and decides on basic policies and strategies for the company's ESG management so that the company can fulfill its responsibilities and roles for the environment and society, and establish a transparent governance structure to achieve long-term sustainable growth.
  • The Management Committee handles daily business matters and financial matters below a certain scale by entrusting it to the Board of Directors, so that the Board of Directors can deliberate on more important issues intensively and efficiently, and promote management's prompt performance

BOD Committees

이사회 내 위원회 설치 및 구성 현황
Committee Organization Role
Type Name
Audit committee Outside director Doocheol Moon (Chairman)
  • Auditing of accounting and key business operations
  • Approval of appointment of external auditor
  • Evaluation of the operation status of the internal accounting management system and inspection of the status of internal monitoring devices
Byungho Lee
Chung Hae Kang
Jungsuk Oh
Outside Director Nomination Committee Outside director Doocheol Moon
  • Evaluation, Verification and Recommendation of Outside Director Candidates
Chung Hae Kang
Other Director Not Engaged in Regular Business Beom Jong Ha
Related Party Transaction Committee Outside director Chung Hae Kang (Chairman)
  • Deliberation and approval of transactions with related parties under the Commercial Act and Fair Trade Act that exceed a certain size and report to the board
Byungho Lee
Jungsuk Oh
Inside director Sunghyun Kim
ESG Committee Outside director Doocheol Moon (Chairman)
  • Deliberation and approval of basic policies and strategies for ESG management
  • ESG mid- to long-term goal setting
  • Checking the performance of planning and implementation of ESG management activities
Byungho Lee
Chung Hae Kang
Jungsuk Oh
Inside director Hoyoung Jeong
Management committee Inside director Hoyoung Jeong
(Chairman)
  • Resolution on issuance of bonds
  • Resolution on matters related to the establishment, relocation, and withdrawal of overseas subsidiaries under a certain size
Sunghyun Kim

Committee Activities within the Board of Directors

검색
이사회 내 위원회 활동
Type Date Agenda Approved/Reject Attendance of Outside Directors
Audit committee 2022.01.26 Approval of audit services by external auditors Approved 3(3)
Approval of non-audit service by external auditor Approved
Approval of evaluation by the head of the supporting department of the Audit Committee Approved
Report on external audit progress Report
Report on the operation status of the internal accounting management system Report
Reporting of the financial statements for the fourth quarter of 2021 Report
Reporting of the 37th financial statements Report
Report on internal audits Report
Report on the results of self-evaluation by the audit committee Report
Report on the 37th business report Report
2022.02.17 Evaluation of the operation status of the internal accounting management system Approved 3(3)
Evaluation of internal monitoring device operation status Approved
Preparation and submission of the 2021 audit report Approved
Business report by the supporting department of the Audit Committee Report
Report on the review of agendas and documents submitted to the general meeting of shareholders Report
2022.04.26 Report on external audit progress Report 3(4)
Reporting of the financial statements for the first quarter of 2022 Report
Report on performance evaluation after external audit Report
Business report by the supporting department to the Audit Committee Report
Report on management and improvement activities for corporate culture Report
2022.07.26 Report on external audit progress Report 4(4)
Reporting the financial statements for the second quarter of 2022
Report on internal audit work
Outside Director Nomination Committee 2022.01.26 Appointment of the chairperson of the Outside Director Candidate Recommendation Committee Approved 2(2)
Report on multiple candidates for newly appointed outside directors Report
2022.02.17 Approval of nominations for outside director candidates Approved
Related Party Transaction Committee 2022.03.15 Approval of changes to the Agreement for Use of LG Trademarks Report 2(3)
2022.04.26 Appointment of chairperson for Related Party Transaction Committee Approved 2(3)
Approval of payment guarantee for Vietnam subsidiary Approved
2022.06.09 Performance report on internal transactions in the first half of 2022 Report 3(3)
Report on the role and management (Collaboration) of AI researchers
ESG Committee 2022.04.26 Appointment of the ESG committee chairperson Approved 4(5)
ESG initiative progress and action plans Report
ESG initiatives in environmental category Report
Management committee 2022.01.25 Issuance of the 44-1 and 44-2 non-guaranteed bonds Approved -
이사회 내 위원회 활동
Type Date Agenda Approved/Reject Attendance of Outside Directors
Audit committee 2021.01.26 Approval of audit services by external auditors Approved 3(3)
Approval of non-audit service by external auditor Approved
Report on external audit progress Report
Report on the operating status of the internal accounting management system Report
Reporting of the financial statements for the fourth quarter of 2020 Report
Reporting of the 36th financial statements Report
Report on the review of the financial statements for the fourth quarter of 2020 Report
Report on internal audits Report
Report on the results of self-evaluation by the audit committee Report
Report on the 36th business report Report
2021.02.23 Evaluation of the operation status of the internal accounting management system Approved 3(3)
Evaluation of internal monitoring device operation status Approved
Preparation and submission of the 2020 audit report Approved
Report on the 36th Financial Statement Inspection Report
Report on the review of agendas and documents submitted to the general meeting of shareholders Report
2021.04.26 Appointment of Audit Committee Chairman Approved 3(3)
Report on external audit progress Report
Report on financial statements for the first quarter of 2021 Report
Report on inspection of financial statements for the first quarter of 2021 Report
Report on performance evaluation after external audit Report
2021.07.27 Approval of the appointment of the head of the supporting department to the audit committee Approved 3(3)
Approval of non-audit service by external auditor Approved
Report on external audit progress Report
Report on financial statements for the second quarter of 2021 Report
Report on inspection of financial statements for the second quarter of 2021 Report
Report on selection of accounting firm (outsourcing of internal accounting management system operation status evaluation) Report
Report on internal audits Report
2021.10.26 Report on external audit progress Report 3(3)
Report on financial statements for the third quarter of 2021 Report
Report on inspection of financial statements for the third quarter of 2021 Report
Outside Director Nomination Committee 2021.02.23 Recommendation of outside director candidates Approved 2(2)
Related Party Transaction Committee 2021.07.15 Appointment of chairperson for Related Party Transaction Committee Approved 3(3)
Trends on fair trade laws and regulations related to insider trading Report
Related Party Transaction Committee Operational Plan Report
2021.11.09 Re-approval of approved transactions in 2021 Approved 3(3)
Approval of transactions with related parties Approved
Approval of self-dealing transactions with major shareholders, etc. Approved
Approval of real estate lease agreement Approved
Approval of transactions for goods and services with affiliated companies Approved
Review of Fair Trade Act and approval of transactions Approved
ESG Committee 2021.10.26 Appointment of the chairperson of ESG committee Approved 4(4)
ESG Promotion Initiative Approved
ESG Committee Operational Plan Report
Report on strengthening of safety and environmental competencies Report
Management committee 2020.05.25 Issuance of the 42nd non-guaranteed private placement bonds Approved 0(0)
2021.08.19 Issuance of the 43rd 1st and 2nd non-guaranteed private placement bonds Approved
이사회 내 위원회 활동
Type Date Agenda Approved/Reject Attendance of Outside Directors
Audit committee 2020.01.30 Report on external audit progress Report 3(3)
Report on the operating status of the internal accounting management system Report
Reporting of the financial statements for the fourth quarter of 2019 Report
Reporting on the 35th Financial Statements Report
Report on the inspection of the financial statements for the fourth quarter of 2019 Report
Report on internal audit work Report
Report the results of self-evaluation by the audit committee Report
Report on the 35th business report Report
Approval of non-audit service by external auditor Approved
2020.02.26 Report on the review of agendas and documents submitted to the general meeting of shareholders Report 3(3)
Report on the 35th Financial Statement Inspection Report
Evaluation of the operation status of the internal accounting management system Approved
Evaluation of internal monitoring device operation status Approved
Preparation and submission of the 2019 audit report Approved
2020.04.22 Report on external audit progress Report 3(3)
Reporting the financial statements for the first quarter of 2020 Report
Report on the review of the financial statements for the first quarter of 2020 Report
Report on internal audits Report
2020.07.22 Report on external audit progress Report 3(3)
Reporting the financial statements for the second quarter of 2020 Report
Report on the review of the financial statements for the second quarter of 2020 Report
Report on internal audits Report
2020.10.20 Report on external audit progress Report 3(3)
Reporting of the financial statements for the third quarter of 2020 Report
Report on the review of financial statements for the third quarter of 2020 Report
Report on internal audits Report
Report on internal accounting management system design evaluation Report
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