Management Information

Board Of Directors

BOD Members

- All members are covered by the directors' and officers' liability insurance.

BOD Members
Position Name Profile Date of inauguration Term
Representative Director Sung Su Jung Current) President & CEO, HS Ad Inc.
Current) President & CEO, LBEST LTD
New Appointment(Mar. 15, 2019) 3-year
Inside Director Ji Hwan Park Current) GIIR CFO New Appointment(Mar. 15, 2019) 2-year
Non-Standing Director Jae Won Lee Current) Communication/Servicer Team at LG Corp. New Appointment(Mar. 15, 2019) 3-year
Non-Standing Director Stuart Neish Current) Regional Director, Asia Pacific WPP Tokyo New Appointment(Nov. 28, 2018) 3-year
Outside Director Yeong Ook Kim Current) KB Capital Outside Director
Former) Editorialist at Korea JoongAng Daily
Re-Appointment(Mar.16, 2018) 3-year
Outside Director Chong Kil Na Current) Professor at the School of Business for
               Chonnam National University
Former) Auditor at Dentis
Re-Appointment(Mar.15, 2019) 3-year

BOD Committee

Audit Committee's Roles & Rights

- The roles and responsibilities of Audit Committee is to audit directors, and in order to exercise this right, each member refers to the Committee to vote.

ROLES

Audit the directors job execution

- Audit accounting matters

- Audit lawfulness of jobs executed

RIGHTS

Investigation rights on the company and its affiliated companies (Commercial Law Article 412 Section 2)

- Demand reporting on opreations

- Investigation financial matters of the company

Claim rights on stopping illegal acts of directors (Commercial Law Article 402)

- In case that directors may cause irreparable damage to the company by committing illegal acts

Rights to represent the company in litigation company versus directors (Commercial Law Article 394 Section 1)
Rights to call for shareholders' meeting (Commercial Law Article 412 Section 3-1)

- Present in writing to the committee, the objectives and purpose to hold a shareholders' meeting

Rights to nominate the appointment of external audit members (External Audit Law Article 4 Section 2)

- The Audit Committee instructs its roles and responsibilities to the Secretariat and seek the advice of experts when needed. (Commercial Law Article 514 Section 2-5)

01Voting by Audit Committee

Voiting

  • - Investiate overall operatio of the company
  • - Investigate on financial status

02Secretariat

  • Execute audit (Help from experts)
  • Completion of Audit

03Audit Report

Prepare Audit Report

  • - How audit was completed
  • - Results of the audit

The present condition of Committee

Audit Committee members

Audit Committee members
Name Date of inauguration Profile Outside Director Term
Chong Kil Na Re-Appointmen
(Mar.15, 2019)
Current) A professor at the School of Business for
               Chonnam National University
Former) Auditor at Dentis
O 3-year
Yeong Ook Kim Re-Appointment
(Mar.16, 2018)
Current) KB Capital Outside Director
Former) Editorialist at Korea JoongAng Daily
O 3-year
Stuart Neish New Appointment
(Nov.28, 2018)
Current) Regional Director, Asia Pacific WPP Tokyo X 3-year

Main activities of the Audit Committee

- Key initiatives in the first half of 2017
  1. 1) Step up monitoring by executives related to sharing business information

    - 2017 business performance by business area, 2017 investment progress

    - Credit management state of non-affiliate advertiser, management plan to strengthen business centered on value, etc.

  2. 2) Inspect management risk in advance by conducting FEC (Fiduciary Executive Committee) for the first half of 2017

    - Outline of internal transactions and self-transactions between affiliates

    - Importance of compliance

    - Present condition and reaction manual for future reference in regards to accepting rebate

- Key initiatives in 2016 4Q
  1. 1) Step up monitoring by executives by sharing business information

    - 2016 business performance by business area, 2017 investment plans

    - Overview of the introduction of Firm Banking System, impact of the amendments of tax laws in 2017 on the company, etc.

  2. 2) Check the status of transactions with related parties, including the affiliates of a large business group.
  3. 3) Review the adequacy of the job description of the finance management department (Finance and Economy Team)
  4. 4) Plan to hold the FEC (Fiduciary Executive Committee) meetings twice in 2017
- Key initiatives in 2016 3Q
  1. 1) Enhance monitoring of internal transactions between affiliates for the best possible accounting
  2. 2) Step up monitoring of the executives by sharing management information with the Audit Committee
  3. 3) State opinions on business management regularly