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Corporate Governance

PI Advanced Materials enable the possibility of Polyimide with creative innovation.​
It connects people, society, and the world.​

Sub-committees of the BOD

Sub-committees of the BOD

Name of Committee Configuration Key Roles of the Committee.​ Activities in 2023
Audit Commission ​
(Total 3 members)

Outside Director Oh Hyung-il (Chairperson)

Outside Director Yang Jae-ho

Outside Director Lee Jae-won

1. Supervision of affairs of directors and management​​

2. Appointment of external auditors

3. Other matters prescribed by articles of association or bylaws in connection with audit and inspection affairs.

 Three times

Role and Operating Procedures of Each Committee​

Articles of association
Article 37-2 (Committees)​
  • The company may establish the following committees within the board of directors

    1. Internal Trade Committee​
    2. Audit Committee​
    3. Outside Director Candidate Recommendation Committee
    4. Executive Remuneration Committee

  • Detailed matters concerning the composition, authority, operation, etc. of each committee shall be determined by a resolution of the board of directors.​
  • Except as otherwise provided for in the articles of association, the provisions of Articles 33 through 37 and 38 of the articles of association shall apply mutatis mutandis to the Committee.
Article 41 (Composition of the Audit Commission)​
  • The company shall establish an audit committee under Article 37-2 in lieu of the audit.​
  • The Audit Committee shall be comprised of at least three directors, and at least two-thirds of the total members shall be outside directors.​
  • The Audit Commission may, if necessary, seek assistance from experts at the expense of the Company.​
  • The appointment of members of the Audit Committee shall be a majority of the voting rights of the shareholders present, but shall be at least 1/4 of the total number of shares issued.​Provided, That where the right to vote is allowed to be exercised electronically pursuant to Article 368-4, paragraph (1) of the Commercial Act, the appointment of members of the Audit Committee may be resolved as a majority of the voting rights of the shareholders present.​
  • The term of office of members of the Audit and Inspection Committee shall not exceed three years, and shall be determined by a resolution of the general shareholders' meeting when each director is appointed. Provided, That where the term of office expires before the regular shareholders' meeting on the relevant settlement period after the end of the final settlement period, the term of office shall be extended until the end of the regular shareholders' meeting.​
  • When appointing or dismissing a member of the Audit Committee who is not an outside director, he/she holds the shares by calculation of the largest shareholder to exercise voting rights, the largest shareholder, or the related person Where the total number of voting shares owned by the largest shareholder or the person delegated voting rights to the relevant person exceeds three-hundredths of the total number of voting shares, the shareholder shall not exercise voting rights over the excess shares.​