Dividends Overview

2020.3.31

board of directors
Name Category Career Date Appointed Term
Chun-sung Yoon CEO BS/MSc, Geology, Yonsei University
Head of Coal Business Division
Indonesia Region Representative
Head of Resources Business Group
2019.3.15 3 Years
Byeong-il Min Executive Director/CFO BA, Linguistics, Seoul National University
Head of Finance Division, LG Electronics
2019.3.15 2 Years
Jae-won Lee Non-executive Director BA, Political Science & International Studies, Yonsei University
Head of IoT Product Division, LG U+
Head of Communication & Services Team, LG Corp.
2019.3.15 2 Years
Soo-il Chai Outside Director BA/MSc, Electrical Engineering, University of Southern California
MBA, University of Pennsylvania
Affiliated professor, Korea University Business School
Co-representative, Boston Consulting Group in Korea
CSO, DoAI Co., Ltd.
2020.03.26 3 Years
Ihl-soo Yang Outside Director BA/MBA, Management, Yonsei University
Ph.D., Management, Hongik University
Partner, EJUNG·GYUL Accounting Corporation
2019.3.15 3 Years
Won-woo Lee Outside Director LLB/LLM, Seoul National University
Ph.D., Public Law, University of Hamburg
President, Korean Public Law Association
President, Korea Association for Telecommunications Policies
Former Dean and Director of the Seoul National University School of Law
Professor, School of Law, Seoul National University.
2020.3.26 3 Years
(Reappointed)
Eun-nyeong Heo Outside Director BS/MSc, Resources Engineering, Seoul National University
Ph.D., Resource and Environmental Economics, Penn State University
Chairman of Policy of the Korean Society of Mineral and Energy Resources Engineers
President of the Korean Resource Economics Association
Professor, Energy System Engineering, Seoul National University
2019.3.15 3 Years
(Reappointed)

2019.1.1~2019.12.31

Activities
Round Date Resolution Agenda Outcome Outside Director Internal Director Non-executive Director
Dong-wook Kim
(Attendance:100%)
Woon-oh Jung
(Attendance:100%)
Won-woo Lee
(Attendance:100%)
Eun-nyeong Heo
(Attendance:100%)
Chi-ho Song
(Attendance:0%)
Yong-hwan Park
(Attendance:100%)
Hyeon-hoei Ha
(Attendance:100%)
Agreement and Disagreement
1st Round 2019.1.31 Approval No.1 : Approval of FY2018 financial statements and annual business report Confirmed Agree Agree Agree Agree Unattended Agree Agree
No.2 : Approval on the revision of the internal accounting management regulations Confirmed
No.3 : Appointment of the nomnination committee for the outside director Confirmed
No.4 : Approval on the relocation of the headquarters Confirmed
No.5 : Approval on the lease agreement Confirmed
Report No.1 : Status report on internal accounting management regulations - - - - - Unattended - -
No.2 : Disciplinary report for exective officer -
2nd Round 2019.2.22 Approval No.1 : Approval on convening the FY2018 Annual General Meeting of shareholders Confirmed Agree Agree Agree Agree Unattended Agree Agree
No.2 : Approval on the purpose of the FY2018 Annual General Meeting of shareholders Confirmed
Report No.1 : Report on operation of internal accounting control system - - - - - Unattended - -
No.2 : Report on operation of the compliance system -
Activities
Round Date Resolution Agenda Outcome Outside Director Internal Director Non-executive Director
Woon-oh Jung Won-woo Lee Ihl-soo Yang Eun-nyeong Heo Chun-sung Yoon Byeong-il Min Jae-won Lee
(Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:50%)
Agreement and Disagreement
3rd Round 2019.3.15 Approval No.1 : Appointment of the chair of the committee Confirmed Agree Agree Agree Agree Agree Agree Agree
No.2 : Appointment of the representative director Confirmed
No.3 : Approval on compensation for the directors Confirmed
No.4 : Approval on the revision of the HR management guidelines for executive officers Confirmed
No.5 : Approval on the special bonus for executive officers Confirmed - (Note1)
No.6 : Approval on the regulation revision for the nomination committee for an outside director Confirmed Agree
No.7 : Member appointment for the nomination committee for the outside director Confirmed
No.8 : Approval on the appointment of advisory directors Confirmed
No.9 : Approval on the real-estate sales agreeement Confirmed - (Note1)
No.10 : Approval on the self-dealing transaction of directors Confirmed - (Note1)
4th Round 2019.4.22 Approval No.1: Approval on stake sales of Rosemont copper mine in USA Confirmed Agree Agree Agree Agree Agree Agree Unattended
5th Round 2019.5.10 Report No.1: Report on the management performance during the 1st quarter of 2019 - - - - - - - -
Approval No.1: Approval on the investment of thermal coal mine in East Kalimantan, Indonesisa Confirmed Agree Agree Agree Agree Agree Agree Agree
No.2: Approval on the payment guarantee credit line for overseas corporations Confirmed
No.3: Approval on the change of the basis for providing special bonuses to executive officers Confirmed
6th Round 2019.8.21 Report No.1 : Report on the management performance during the 1st half of 2019 - - - - - - - -
No.2 : Report on the MPP coal mine in Indonesia
Approval No.1 : Approval of the surety for the GAM Corporation in Indonesia Confirmed Agree Agree Agree Agree Agree Agree Agree
No. 2 : Approval to maintain the consultant commission agreement Confirmed
7th Round 2019.11.11 Report No.1 : Report on the management performance during the 3rd quarter of 2019 - - - - - - - -
Approval No.1 : Approval on the change of the total amount of transactions with specially related person Confirmed Agree Agree Agree Agree Agree Agree Unattended
8th Round 2019.11.28 Approval No.1 : Approval on the business plan in 2020 Confirmed Agree
No.2 : Approval on the total amount of transactions with specially related person Confirmed - (Note1)
No.3 : Approval on the self-dealing transaction of directors in 2020 Confirmed - (Note1)
No.4 : Approval on license agreement for use of the LG trademark Confirmed - (Note1)
No.5 : Approval on the lease agreement Confirmed - (Note1)
No.6 : Approval on executive officer appointments Confirmed Agree

(Note 1) The non-exercise of voting rights for the corresponding agenda due to special interests

※ As of March 15, 2019, Director Dong-wook Kim resigned, and Independent Director Ihl-soo Yang was newly appointed as an outside director.

※ As of March 15, 2019, Director Chi-ho Song, Director Yong-hwan Park resigned, and Director Chun-sung Yoon and Director Byeong-il Min were newly appointed.

※ As of March 15, 2019, Non-Executive Director Hyeon-hoei Ha resigned and Non-Executive Director Jae-won Lee was newly appointed.

Audit Committee

2020.3.31

Audit Committee
Name Career Category
Soo-il Chae Co-representative, Boston Consulting Group in Korea
CSO, DoAI Co., Ltd.
Outside Director
Won-woo Lee Former Professor, College of Law, Hanyang University
Professor, School of Law, Seoul National University
Outside Director
Ihl-soo Yang Former Executive Director, Samil PwC
Partner, EJUNG·GYUL Accounting Corporation
Outside Director

Status of the Audit Committee

2019.1.1~2019.12.31

Activities
Committee Members Resolution Audit Committee Members
Date Agenda Outcome Woon-oh Jung Dong-wook Kim Won-woo lee
(Attendance: 100%) (Attendance: 100%) (Attendance: 100%)
Agreement and Disagreement
Audit Committee The Chair: Woon-oh Jung
Members: Dong-wook Kim, Won-woo Lee
2019.1.31 Approval No.1: Approval on the revision of the internal accounting management regulations Confirmed Agree Agree Agree
Report No.1: Approval of FY2018 financial statements and annual business report - - - -
No.2: Status report on the internal accounting management regulations
No.3: Performance Evaluation for the 2nd Half of 2018 and the Planning Report for 2019
2019.2.22 Approval No.1: Inspection in Operation Management of Internal Accounting Mangement Regulations Confirmed Agree Agree Agree
No.2: Inspection in Operation Management of Internal Audit Control System
No.3: Approval on the Statement of Audit
Activities
Committee Members Resolution Audit Committee Members
Date Agenda Outcome Woon-oh Jung Won-woo lee Ihl-soo
Yang
(Attendance: 100%) (Attendance: 100%) (Attendance: 100%)
Agreement and Disagreement
Audit Committee The Chair: Woon-oh Jung
Members: Won-woo Lee, Ihl-soo Yang
2019.5.10 Report No.1: Report on the financial statements for the 1st quarter of 2019 - - - -
No.2: Report on evaluation of Activity Audit by external auditor
2019.8.21 Report No.1 : Report on the financial statements for the 1st half of 2019 - - - -
No.2 : Report on the major results of the management consultation for the 1st half of 2019 - - - -
2019.11.11 Report No.1: Report on the financial statements for the 3rd quarter of 2019 - - - -
Approval No.1: Approval on the amendment of the contract in relation to the appointment of the external auditor Confirmed Agree Agree Agree

※ Dong-wook Kim resigned as of 2019.3.15 and Ihl-soo Yang is newly appointed as the audit committee member.

Outside Director Nomination Committee

2020.3.31

Outside Director Nomination Committee
Name Position Category
Jae-won Lee Head of IoT Product Division, LG U+
Head of Communication & Services Team, LG Corp.
Non-executive Director
Ihl-soo Yang Executive Director, Samil PwC
Partner, EJUNG·GYUL Accounting Corporation
Outside Director
Eun-nyeong Heo Chairman of Policy of the Korean Society of Mineral and Energy Resources Engineers
President of the Korean Resource Economics Association
Professor, Energy Systems Engineering, Seoul National University
Outside Director

Status of the Nomination Committee for the Outside Director

2019.1.1~2019.12.31

Activities
Committee Members Resolution Non-Executive Director Outside Director
Date Agenda Outcome Hyeon-hoei Ha Woon-oh Jung Won-woo Lee
(Attendance: 100%) (Attendance: 100%) (Attendance: 100%)
Agreement and Objection
Nomination Committee for the Outside Director The Chair of the Committee: Hyeon-hoei Ha
Members: Woon-oh Jung, Won-woo Lee
2019.2.22 1. Appointment of the chair for the Committee Confirmed Agree Agree Agree
2. Approval on candidates for outside directors

※ As of 2019.2.22, the nomination committee for the outside director is comprised of director Hyeon-hoei Ha, Woon-oh Jung and Won-woo Lee.