Corporate Governance

Basic policy on corporate governance

In order to clarify management responsibilities and accountability to all of our stakeholders, including our stockholders, customers, and employees, and to provide the benefits of maximizing corporate value, the Company (or simply, "we") believes that we have to build a mechanism to ensure transparency in management and business execution, to ensure thorough compliance, and at the same time to promote efficient management. Therefore, we use the Corporate Governance Code as a tool for confirming that this mechanism is moving in the right direction in order to keep enhancing and further deepening our corporate governance.

With the approval of the 23rd Ordinary General Meeting of Shareholders held on June 26, 2025, we transitioned from a company with the Board of Auditors to that with the Audit and Supervisory Committee. Through these measures, we are working to increase corporate value by accelerating decision-making through the delegation of authority from the Board of Directors to the executive team, strengthening the overseeing function of the Board of Directors by further focusing on deliberations centered on management policies and strategies at the Board of Directors, and improving the efficiency of Group management.