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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 6     When the special committee conducts a review, it shall engage an independent expert to provide an opinion on the reasonableness of the share exchange ratio or distribution of cash or other assets to shareholders.
    "Independent expert" means a certified public accountant, lawyer, or securities underwriter, and the independent expert may not be a related party of any counterparty of a merger or acquisition transaction, nor have a relationship of interest that could affect the expert's independence.
    The engagement of the independent expert shall require the assent of one-half or more of all the committee members.