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Legal and Ethical Management

We always make honest and ethical choices,and strive our best to fulfill social responsibilities and values.


Board Composition Status

Categorization
Name
Date of Initial
Appointment
Term
Scope of Activities
Status of Liability
Insurance Coverage
Internal Director


Moon Duck Young*

2021.03

3 years(2023.03 ~ 2026
Annual General Meeting)
Management Advisor
Valid
Son Sam Dal2022.03
1 year(2023.03 ~ 2024
Annual General Meeting)
CEO
Moon Jee Whe
2023.03
3 years(2023.03 ~ 2026
Annual General Meeting)
Holding Company
Representative
External Director

Ryu Seung Woo2019.03

1 year
(2023.03 ~ 2024
Annual General Meeting)
Management Advisor
Kim Beom Soo2021.03Management Advisor
Other Non-
Executive Director
Kim Tae Yeop
2018.03
Management Advisor

*Chairman of the Board


Status of Committee

Establishment

Independent Director Nomination Committee, March 30, 2021 ~ Present

Committee Name
Composition
Name
Key Roles and Responsibilities
External Director
Candidate Recommendation
Committee
Two
Internal Directors

Kim Beom Soo*


Verifying Independence, Diversity, and Competence of
External Director Candidates for Recommendation

Ryu Seung Woo
A Internal Director
Son Sam Dal

*Chairperson


The External Director Candidate Recommendation Committee is an internal committee within the Board of Directors that holds the authority to recommend external director candidates for appointment at the shareholders' meeting. AJ Networks follows the relevant regulations to propose external director candidates to the shareholders' meeting through the recommendation of the committee and the deliberation process of the board.

The committee meticulously reviews potential candidates, considering not only the requirements specified by relevant laws and regulations for external directors but also assessing their qualifications in terms of preventing any history of damaging corporate values or infringing upon shareholder rights. The committee aims to recommend candidates who possess expertise in specific fields and personal competencies, ensuring their substantial contribut ion to the company's management. 

Investment Review Committee, 

From April 13th, 2021 ~ Present

Committee Name
Composition
Name
Key Roles and Responsibilities
Investment Review
Committee
Two
Internal Directors

Ryu Seung Woo*


Ensuring Purpose, Transparency, and Suitability of
Investments through Inspection and Review

Kim Beom Soo
A Internal Director
Son Sam Dal

*Chairperson


The Investment Review Committee is an internal committee within the Board of Directors that aims to ensure the fairness and transparency of company management.
The committee reviews matters requiring prior examination for the allocation of resources to the Board of Directors and deliberates on them. Additionally, the committee annually reviews the operational performance and content of the Investment Review Committee Regulations, proposing amendments to the Board of Directors if necessary. Furthermore, the committee addresses matters stipulated by other laws, regulations, articles of incorporation, and those delegated by the Board of Directors.

Internal Transactions Committee, 

From April 13th, 2021 ~ Present

Committee Name
Composition
Name
Key Roles and Responsibilities
Internal Transactions
Committee
Two
Internal Directors

Ryu Seung Woo*


Conducts Examination and Approval for Transactions
Involving Affiliate Companies

Kim Beom Soo
A Internal Director
Son Sam Dal

*Chairperson


The Internal Transactions Committee is an internal committee within the Board of Directors that aims to ensure the fairness and transparency of procedures when transactions occur with related parties and significant stakeholders of the company.
The committee holds the authority to review and approve transactions involving affiliate companies in accordance with the Monopoly Regulation and Fair Trade Act and its enforcement decree. When deliberating on matters, the committee may request the submission and reporting of relevant documents, such as key details of the related business, contract methods, criteria for selecting transaction counterparts, and specific transaction conditions. Additionally, the committee annually reviews the operational performance and content of the Internal Transactions Committee Regulations, proposing amendments to the Board of Directors if necessary. Furthermore, the committee addresses matters stipulated by other laws, regulations, articles of incorporation, and those delegated by the Board of Directors.


Composition of the Board of Directors


Categorization


Name

Date of Initial Appointment

Term
Scope of Activities
 Insurance Coverage



Inside Director



Moon Duck Young*
2021.033 years(2023.03 ~ 2026
Annual General Meeting)
Management Advisor
Valid
Son Sam Dal
2022.031 year(2023.03 ~ 2024
Annual General Meeting)
CEO
Moon Jee Whe
2023.033 years(2023.03 ~ 2026
Annual General Meeting
Holding Company
Representative


Outside Director


Ryu Seung Woo
2019.031 year
(2023.03 ~ 2024
Annual General Meeting)
Management Advisor
Kim Beom Soo
2021.03
Management Advisor

Other Director

Kim Tae Yeop
2018.03
Management Advisor

*Chairman of the Board


Status of Committee Establishment

Independent Director Nomination Committee, March 30, 2021 ~ Present


Committee Name


Composition
Name
Key Roles and Responsibilities



Nominating Committee



Two
Outside Directors
Kim Beom Soo*

Verify the independence, diversity, and qualifications of outside director candidates and make recommendations.


Ryu Seung Woo
An Inside Director
Son Sam Dal

*Chairperson


The Nominating Committee has the authority to recommend outside director candidates to the Board of Directors for appointment at the Annual General Meeting of Shareholders. AJ Networks recommends outside director candidates to the Annual General Meeting of Shareholders through the recommendation and deliberation process of the Outside Director Candidate Recommendation Committee in accordance with relevant regulations. 


The Nominating Committee conducts a thorough review to prevent the appointment of outside directors with a history of impairing corporate values or infringing on shareholder rights, in addition to the requirements for outside directors as stipulated by the relevant laws. The committee recommends candidates based on their expertise in specific fields and individual capabilities to make a substantial contribution to corporate management.

Investment Committee, From April 13th, 2021 ~ Present


Committee Name


Composition
Name
Key Roles and Responsibilities



Investment Committee



Two
Outside Directors
Ryu Seung Woo*

Ensure the purpose, transparency, and appropriateness of investments through examination and review of investment matters.


Kim Beom Soo
An Inside Director
Son Sam Dal

*Chairperson


The Investment Committee is a board committee responsible for ensuring fairness and transparency in the company's management. The Investment Committee deliberates on matters that require prior review for the approval by the board of directors, and it annually reviews the performance of the committee and proposes amendments to its regulations to the board of directors if necessary. Additionally, it handles other matters specified by laws or the Articles of Incorporation and those delegated by the board of directors.

Internal Transaction Committee, From April 13th, 2021 ~ Present


Committee Name


Composition
Name
Key Roles and Responsibilities



Internal Transaction
Committee




Two
Outside Directors
Ryu Seung Woo*

Review and approval of transactions involving subsidiary companies.


An Inside Director
Son Sam Dal

*Chairperson


The Internal Transaction Committee is a board committee responsible for ensuring the fairness and transparency of procedures when transactions occur with related companies and related parties. The Internal Transaction Committee has the authority to review and approve transactions with subsidiary companies in accordance with the Monopoly Regulation and Fair Trade Act and its enforcement decree. It can request the submission and reporting of relevant documents, such as the main content of the related business, contract method, criteria for selecting transaction counterparts, and detailed transaction conditions, for agenda review. The committee annually reviews the performance of the committee and proposes amendments to its regulations to the board of directors if necessary. It also handles other matters specified by law or the Articles of Incorporation and those delegated by the board of directors.



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9, Jeongui-ro 8-gil, Songpa-gu, Seoul, Republic of Korea | Business Registration Number: 214-86-48586
COPYRIGHT © 2023 AJ ALL RIGHT RESERVED
111

9, Jeongui-ro 8-gil, Songpa-gu, Seoul, 

Republic of Korea

Business  Registration Number: 214-86-48586

COPYRIGHT © 2023 AJ ALL RIGHT RESERVED