Our Company's decision-making and supervisory process enhances corporate transparency and accountable management and thus, constitutes an environment where corporate value can be maximized.
There are two types of Board Meetings:
- Regular meetings: Generally held four time a year (in every quarter)
- Extraordinary meeting: Held whenever deemed necessary
(Related Regulation: Article 30 of the Company's Article of Incorporation)
The Meetings of the Board of Directors is convened by the Chairman of the Board. The Chairman shall provide a notice of meeting to other members, along with agenda and reasons for the meeting, at least 24 hours prior to the meeting. Any Director may convene a meeting, with consent from the Chairman of the Board, in case where the meeting is deemed necessary for the purpose of carrying out his/her duties.
Convening Procedure: The Chairman shall give notice to each Director of the date, time and place at least twenty-four (24) hours prior thereto
(Related Regulation: Article 31 of the Company's Article of Incorporation)
The presence of the majority of all Directors is required but the Board meetings may take place via electronic format, i.e., conference call. Directors have one vote per share unless an exception is provided by law. Directors are not allowed to vote in presence of any conflicts of interest.
* Except as otherwise provided by relevant laws and regulations, Directors shall have one vote per share.
Voting by Persons with Special Interest: For fair review and reasonable decision-making, a Director having a special interest in the resolution of a general meeting shall not be permitted to exercise his/her voting rights thereupon. In such case, his/her voting shall not be counted.