LPL » Topics » Article 12. Compensation of Officers
This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Article 12. Compensation of Officers
In principle, only standing Directors (i.e., Directors serving in a management capacity) will be compensated; provided, however, that non-standing directors and/or the
Statutory Auditor may be reimbursed for such travel and other expenses as may reasonably be incurred by them in the performance of their duties to the JVC.
Remuneration, salaries, bonuses, and other benefits of the full time standing directors, and Statutory Auditor of the JVC shall be reviewed and, if appropriate, adjusted annually by
the shareholders at an ordinary General Meeting of Shareholders in consultation with the Board of Directors and in consideration of the general practice current in Korea.
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