Board of Directors
Governance
LG Display's Board of Directors is composed of 7 members including 2 inside directors, 4 outside directors and 1 other director not engaged in regular business.
※ The appointment date is based on the resolution date of the general meeting of shareholders.
Type | Name | Appointment date | Term of office | Appointment | Present Position |
---|---|---|---|---|---|
Inside Director | Hoyoung Jeong | 2020.03.20 | 3 years | Newly appointed | CEO and President, LG Display |
Sunghyun Kim | 2022.03.23 | 3 years | Newly appointed | CFO and Executive Director, LG Display | |
Other Director Not Engaged in Regular Business | Beom Jong Ha | 2022.03.23 | 3 years | Newly appointed | President and CFO, LG Corp. |
Outside Director | Byungho Lee | 2021.03.23 | 3 years | Re-appinted | Professor of Electrical and Computer Engineering, Seoul National University |
Doocheol Moon | 2021.03.23 | 3 years | Newly appointed | Professor of School of Business, Yonsei University | |
Chung Hae Kang | 2022.03.23 | 3 years | Newly appointed | Professor of University of Seoul Law School | |
Jungsuk Oh | 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 Specialization of BOD
LG Display requires its directors to have strategic thinking, professionalism, and responsibility for the company's business activities, in addition to the conditions required by laws and regulations such as the Commercial Act.
When appointing a director, the company verifies the ethical awareness and morality of the candidate to practice LG Jeong-Do Management, and for outside directors, the Outside Director Candidate Recommendation Committee recommends candidates after in-depth review of whether they have the qualities to enhance company value and protect shareholder rights based on their expertise and experience in various fields.
BOD Activities
The board of directors decides on major issues and supervises the execution of duties by directors and management in accordance with relevant laws and internal company regulations. The company's management, including the CEO, reports major management issues, such as business performance, prospects, and tasks to the board of directors, at least once a quarter, and holds meetings of the board of directors from time to time when major matters that require resolution by the board of directors occur. The attendance rate of the Board of Directors in 2021 is 100% for inside directors and 100% for outside directors, and all directors are required to attend unless there is an unavoidable reason.
※ Article 30 of the Articles of Incorporation, Article 6 of the Board of Directors Regulations
Round | Date | Agenda | Approved/Reject | Attendance of Outside Directors |
---|---|---|---|---|
1 | 2022.01.26 | Q4 2021 earnings report | Report | 3(4) |
Report on the operating status of the internal accounting management system | Report | |||
Approval of the 37th financial statements | Approved | |||
Approval of the 37th business report | Approved | |||
Approval of amendments to regulations on Board of Directors and Corporate Discretion | Approved | |||
2 | 2022.02.17 | Report the evaluation results on the operation status of the internal accounting management system | Report | 3(4) |
Report on the operating status of the compliance control system | Report | |||
Convening a regular general meeting of shareholders and approval of the purpose of the meeting | Approved | |||
3 | 2022.03.23 | Appointment of Chairman of the Board of Directors | Approved | 3(4) |
Approval of occupational safety and health plans | Approved | |||
Approval of amendments to regulations of the Board of Directors and Committees within the Board of Directors | Approved | |||
Appointment of committee members within the Board of Directors | Approved | |||
Approval of executive remuneration | Approved | |||
Approval of revision of personnel management regulations for executive officers | Approved | |||
Approval of performance incentive payment to executive officers | Approved | |||
Approval of changes to the Agreement for Use of LG Trademarks | Approved | |||
Report on resolutions of the management committee | Report | |||
4 | 2022.04.26 | Q1 2022 earnings report | Report | 3(4) |
Approval of payment guarantee for Vietnam subsidiary | Approved | |||
Approval of revision of compliance standards | Approved | |||
5 | 2022.07.26 | 2Q 2022 earnings report | Report | 4(4) |
Appointment of committee members within Related Party Transaction Committee and ESG Committee | Approved |
Round | Date | Agenda | Approved/Reject | Attendance of Outside Directors |
---|---|---|---|---|
1 | 2021.01.26 | Q4 2020 earnings report | Report | 4(4) |
Report on the operating status of the internal accounting management system | Report | |||
Approval of the 36th financial statements | Approved | |||
Approval of the 36th business report | Approved | |||
Approval of the adoption of electronic voting system | Approved | |||
2 | 2021.02.23 | Report the evaluation results on the operation status of the internal accounting management system | Report | 4(4) |
Report on the operating status of the compliance control system | Report | |||
Convening a regular general meeting of shareholders and approval of the purpose of the meeting | Approved | |||
3 | 2021.03.23 | Approval of occupational safety and health plans | Approved | 4(4) |
Appointment of a member of the Outside Director Candidate Recommendation Committee | Approved | |||
Approval of executive remuneration | Approved | |||
Approval of revision of personnel management regulations for executive officers | Approved | |||
Approval of performance incentive payment to executive officers | Approved | |||
4 | 2021.04.26 | Approval of revised business plan for 2021 and report on first quarter | Approved | 4(4) |
Approval of amendments to BOD regulations and audit committee regulations | Approved | |||
Approval of the establishment of the insider trading committee | Approved | |||
Approval of establishment of ESG committee | Approved | |||
Approval of revision of outside director remuneration | Approved | |||
5 | 2021.07.27 | 2Q 2021 Earnings Report | Report | 4(4) |
Report on expanded investment in Mobile P-OLED | Report | |||
6 | 2021.08.13 | Approval of investment in small and medium-sized OLEDs | Approved | 4(4) |
7 | 2021.10.26 | 3Q 2021 Earnings Report | Report | 4(4) |
Report on resolutions of the management committee | Report | |||
8 | 2021.11.24 | Approval of business plan for 2022 | Approved | 4(4) |
Approval of the limit on issuance of bonds in 2022 | Approved | |||
Re-approval of approved transactions in 2021 | Approved | |||
Approval of transactions with related parties | Approved | |||
Approval of self-dealing transactions with major shareholders, etc. | Approved | |||
Approval of goods and service transactions with affiliated companies | Approved | |||
Approval of real estate lease agreement | Approved | |||
Appointment of a member of the Outside Director Candidate Recommendation Committee | Approved | |||
HR approval of executive director | Approved | |||
Report on recruitment of special executives and appointment of a compliance officer | Approved | |||
Annual report on the remuneration for retired executives | Report |
Round | Date | Agenda | Approved/Reject | Attendance of Outside Directors |
---|---|---|---|---|
1 | 2020.01.30 | Q4 2019 earnings report | Report | 4(4) |
Report on the operating status of the internal accounting management system | Report | |||
Approval of the 35th financial statements | Approved | |||
Approval of the 35th business report | Approved | |||
Approval of revision of personnel management regulations for executive officers | Approved | |||
Approval of Appointment of Compliance Officer | Approved | |||
2 | 2020.02.26 | Report on the evaluation of the operation status of the internal accounting management system | Report | 4(4) |
Report on the operating status of the compliance control system | Report | |||
Approval of convening of the 35th regular general meeting of shareholders | Approved | |||
Approval of agenda for the 35th regular general meeting of shareholders | Approved | |||
3 | 2020.03.20 | Appointment of CEO | Approved | 4(4) |
Appointment of a member of the Outside Director Candidate Recommendation Committee | Approved | |||
Approval of executive remuneration | Approved | |||
Approval of appointment of advisor | Approved | |||
4 | 2021.04.22 | Q1 2020 earnings report | Report | 4(4) |
5 | 2021.07.22 | Report on resolutions to the management committee | Report | 4(4) |
Q2 2020 earnings report | Report | |||
Approval of product and service transactions with affiliates | Approved | |||
6 | 2021.10.20 | Q3 2020 earnings report | Report | 4(4) |
7 | 2021.11.25 | Annual report on the treatment of retired executives | Report | 4(4) |
Disciplinary report on executive officers | Report | |||
Approval of business plan for 2021 | Approved | |||
Approval of limit on bond issuance in 2021 | Approved | |||
Approval of transactions with related parties | Approved | |||
Approval of self-transactions with major shareholders | Approved | |||
Approval of goods and services transaction with affiliates | Approved | |||
Approval of real estate lease agreement | Approved | |||
Approval of executive officers | Approved |