Hansol Group Expands 'Audit Committee' Installation to All Formerly Listed Affiliates

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[Asia Economy Reporter Kim Daeseop] Hansol Group announced on the 13th that it will embark on full-scale transparent management by expanding the installation of audit committees across all listed affiliates within the group.

In addition to Hansol Holdings, Hansol Paper, and Hansol Chemical, which have been operating audit committees, the remaining listed affiliates, including Hansol Technics, Hansol Inticube, and Hansol Logistics, will uniformly change their articles of incorporation at this week's general meeting of shareholders to shift from the existing full-time auditor system to an audit committee system, thereby further strengthening the independence of audit operations.

The audit committee is a committee under the board of directors that holds supervisory authority over company operations and accounting. To effectively perform audit duties, it must be composed independently from management. Furthermore, under current Commercial Act regulations, listed companies with total assets exceeding 2 trillion won are required to establish an audit committee.

Although the current listed affiliates of Hansol Group are not subject to mandatory installation, the group plans to strengthen governance transparency and further build trust with shareholders through the proactive introduction of audit committees. Based on rational management and balanced decision-making, the company aims for sustainable development.

A Hansol Group official stated, "The expansion of the audit committee installation is ultimately aimed at securing shareholder rights through strengthening transparent management and expanding the independence of audit duties," adding, "We will continue to make ongoing efforts to enhance shareholder value in the future."

This content was produced with the assistance of AI translation services.