Communication with Independent Directors

The auditing office presents the monthly audit report to every independent director and the chief internal auditor reports the progress in the Board meeting, including the completed parts and abnormalities. Furthermore, the office will review the internal controls and report to the Audit Committee for approval if any revision required before presenting to the Board for resolution.
The Company organizes the meeting among independent directors, the chief internal auditor and CPA at least once a year. In the meeting, CPA reports the auditing results to independent directors while responding to the questions and opinions of independent directors and the chief internal auditor. They can communicate via phone calls or emails if necessary.

Summary communication between independent directors and the chief internal auditor

 

Date and Meeting	Discussion Items	Results and Implementation
Nov 8, 2024 Individual Meeting	The CPA explained that the regulatory authority, in order to enhance the quality of sustainability information, has implemented measures such as strengthening governance, conducting on-site inspections, and requiring the internal controls of sustainability disclosure. The CPA also provided an analysis and recommendations on the company's current ESG status, and briefly reviewed the timeline for the IFRS sustainability disclosure standards. In response to the regulator's requirements, the chief internal auditor explained the revisions to the internal control system to the independent directors.	The independent directors suggested that information regarding the IFRS sustainability disclosure standards should also be provided to the company's management team. The CPA responded that the relevant information had already been presented to the management team earlier. The independent directors also made suggestions regarding the members of the Sustainability Development Committee. The company responded that the staffing arrangement will be evaluated based on subsequent plans.