LG Display

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.

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.

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.