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Board of Directors

Governance

The LG Display Board of Directors has the authority to make decisions and control the company's major business matters in accordance with relevant laws and articles of incorporation. A total of 7 board members, consisting of 2 inside directors, 1 other non-executive director, and 4 outside directors, are responsible for A total of 7 directors are responsible for decision-making and supervision of management.
The company's leadership, including CEO, reports to the Board of Directors at least once a quarter on major management agendas, such as business performance, prospects, and initiatives, and holds meetings of the Board of Directors from time to time when major issues that require resolution by the Board of Directors arise. LG Display places great importance on the attendance of all directors and members in the board of directors and committees, and the attendance rate of the Board of Directors in 2021 is 100% for all inside and outside directors.

※ The appointment date is based on the resolution date of the general meeting of shareholders.

이사회 구성 현황
Type Name Gender Appointment date Term of office Appointment Present Position
Inside Director Hoyoung Jeong Male 2020.03.20 3 years Newly appointed CEO and President, LG Display
Sunghyun Kim Male 2022.03.23 3 years Newly appointed CFO and Executive Director, LG Display
Other Director Not Engaged in Regular Business Beom Jong Ha Male 2022.03.23 3 years Newly appointed President and CFO, LG Corp.
Outside Director Byungho Lee Male 2021.03.23 3 years Re-appinted Professor of Electrical and Computer Engineering, Seoul National University
Doocheol Moon Male 2021.03.23 3 years Newly appointed Professor of School of Business, Yonsei University
Chung Hae Kang Female 2022.03.23 3 years Newly appointed Professor of University of Seoul Law School
Jungsuk Oh Male 2022.04.26 Until the closing of an ordinary Gerneral Meeting of Shareholders held in 2023 Newly appointed Professor of Operations Management at Seoul National University

Independence and Effectiveness of the Board of Directors

In accordance with the requirements to ensure independence of outside directors, LG Display appoints independent outside directors as the majority of the board of directors (57%), so that they can supervise the performance of the management's duties seamlessly.To help outside directors effectively carry out their duties, LG Display allows them to hold concurrent positions as outside directors of only one specific company other than the Company only within the scope permitted by the criteria for disqualification of outside directors prepared in accordance with the Commercial Act and other relevant laws, that is, if the specific company is not in competition with the Company.

Diversity and Expertise of the Board of Directors

LG Display strives to form a Board of Directors in consideration of diversity and expertise to enhance corporate value, sustainable growth, and protect shareholder rights. There are no restrictions on gender, race, nationality, political, cultural background, etc. in the selection process of directors, and outside directors with various expertise such as industrial technology, finance and accounting, law, and corporate advisory are appointed to ensure professionalism in overall corporate management.
In order to strengthen the expertise and responsibility of outside directors for their management activities, LG Display holds annual workshops for outside directors on topics such as major business status, investment direction, industrial technology and product production processes, changes in the roles of directors in accordance with the revised law, and investor feedback. LG Display also supports outside directors to visit domestic and overseas business sites to enhance their understanding of the display industry, technology and processes and business areas. Lastly, the Board of Directors may receive external professional support by resolution of the Board of Directors if necessary in accordance with Article 12 of the Board Regulations.

Expertise Ratio on
the Board of Directors

(Unit: %)

  • Corporate
    Advisory
    14.3
  • Finance &
    Accounting
    14.3
  • Law 14.3
  • Corporate
    Management
    42.8
  • Industrial
    Technology
    14.3
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