LPL » Topics » Article 36-3. (Duties of Audit Committee)
This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Article 36-3. (Duties of Audit Committee)
The Audit Committee shall examine the accounts and businesses of the Company.
The Audit Committee may request the Board of Directors to convene an extraordinary General Meeting of Shareholders by submitting documents stating the agenda and reasons for such
The Audit Committee may request the Companys subsidiary to report the details of the operation, if deemed necessary for performance of its duties. In such a case, if the
subsidiary fails to immediately report the details or if it is necessary to confirm the contents of the report, the Audit Committee may investigate the subsidiarys business operation and financial status.
The Audit Committee shall dispose any matters delegated by the Board of Directors, as provided in the Audit Committee Charter resolved by the Board of Directors, other than those
set forth in Paragraphs (1) through (3) above.
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