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Article NO. Content


Regulations Governing the Establishment and Related Matters of Special Committees of Public Companies for Merger/Consolidation and Acquisition  CH

Announced Date: 2016.01.04 
Article 2     Before holding a board of directors meeting for any resolution on a merger/consolidation or acquisition (hereinafter, "merger or acquisition"), a public company shall establish a special committee for merger /consolidation and acquisition (the "special committee") in accordance with the Act and these Regulations.
    The functions of the special committee under the preceding paragraph, for a public company that has established an audit committee in accordance with the Securities and Exchange Act, shall be exercised by the audit committee. The audit committee shall conduct review matters in accordance with the provisions of the Securities and Exchange Act relating to resolutions by audit committees.