Corporate Governance
Basic Policy
FutureBud International (hereinafter referred to as “We”) operates under a corporate governance system to ensure sound, transparent and efficient management in our corporate activities through appointment of independent director and independent corporate auditor.
We are making efforts to develop and improve our corporate governance framework for strengthening our internal controls.
Structure of Corporate Governance
| Number of Board of Directors | 3 |
|---|---|
| Number of External Director | 1 |
| Number of Internal Auditor | 1 |
| Number of External Auditor | 1 |
| Term of Board of Directors | 10 years |
| Advisory Office | Office of President |
Selection Criteria for External Director
- The external director is appointed from among individuals who have the following qualities: possess an extensive experience as a corporate manager and holds an objective and professional perspectives, based on deep insights into the world affairs and changing socio-economic trends. Eternal director offers diverse opinions on business managements in order to promote and achieve appropriate decision making of the Board of Directors and better implementation of the corporate governance.
- In order to serve the purpose of appointing external board of directors, by maintaining its independency from our company, those individuals considered to be lacking such independence will be refrained from nomination as an external director.
Selection Criteria for External Corporate Auditors
- External corporate auditor is appointed from among individuals who hold extensive knowledge and experiences in a broad range of fields. By auditing from neutral and objective perspectives, healthy business management is maintained.
- In order to serve the purpose of appointing external board of directors, by maintaining its independency from our company, those individuals considered to be lacking such independence will be refrained from nomination as an external director.
