LPL » Topics » Article 36-2. (Composition of Audit Committee)
This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Article 36-2. (Composition of Audit Committee)
The Company shall have an Audit Committee in lieu of the statutory auditors in accordance with Article 34 hereof.
The Audit Committee shall consist of three (3) outside Directors.
When the shareholders appoint a member of the Audit Committee at a General Meeting of Shareholders, any shareholder who holds more than 3% of the total number of voting shares
issued by the Company shall not exercise the voting rights of the shares in excess thereof.
The Audit Committee shall appoint, by its resolution, a person to represent the committee.
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