The Audit and Supervisory Committee ensures its independence and effectiveness in line with the “Audit and Supervisory Committee Charter” and Internal Guidelines on Audit and Supervision of Audit and Supervisory Committee. The Committee conducts audits of the Directors’ performance of duties and performs any other duties stipulated under laws and regulations and the Articles of Incorporation.
The Audit and Supervisory Committee consist only of external directors to further enhance the independence of the Committee. The Audit and Supervisory Committee is an independent committee; its mission is to monitor and verify a performance of duties by directors and contributes proper governance and decision-making of the Board. Please visit the following link to read more on the appointment.
The Audit and Supervisory Committee closely cooperates with Group Internal Audit department and also the divisions responsible for the internal control function, such as the Global Ethics and Compliance, Global Finance, etc. and utilizes the information received from these divisions to enable the Audit and Supervisory Committee to conduct effective audit and supervision.
The Group Internal Audit department, the Corporate Environment, Health and Safety (EHS) department in the Global Manufacturing & Supply division, and Global Quality conduct regular internal audits of their areas of focus for the Company’s organization using their respective guiding documents, the “Group Internal Audit Charter”, the "Global EHS Policy." and the "Global Quality Policy."