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Internal control promotion system

CORPORATE INFORMATION

At the board meeting held on March 17, 2017, we approved the resolution on the internal control promotion system we had created, as follows:

1. Organizational structure
  1.  “Board of directors” refers to:

    1) The organization that approves the resolution on, and supervises and inspects the basic policy on the development and operation of the internal control system

    2) The organization that inspects and approves the resolution on the relevant improvement matters when varying the internal control system.

  2. Internal Control Promotion Headquarters is:

    1) The organization that promotes appropriate operation of the internal control system according to the indications by the board of directors

    2) The organization that creates plans for improving the internal control system and reports it to the board of directors

  3. Financial results exploratory committee is:
    The organization that investigates the completeness, accuracy and validity of the financial results reporting process and presents the relevant results to the company president
  4. Internal audit division is:
    The organization that assesses the operations of the internal control system and reports relevant assessment results to the president
2. Internal Control Promotion Headquarters
  1. Management organization
    The Senior General Manager of the General Management Headquarters should be appointed as the General Manager of the Internal Control Promotion Headquarters and the presiding head of the department should be appointed as the internal control chief administrator to promote appropriate development and operations in each department. With regard to the organization control specific to each base, however, the head of each base should be regarded as “the internal control chief administrator”.
3. Financial results exploratory committee
  1. Management organization
    The General Manager of the Finance and Accounting Division should be appointed as the chairperson of the committee and, in order to examine the completeness, accuracy and validity of the financial results reporting process. The committee members should consist of: the director in charge, the Senior General Manager of the General Management Headquarters, the members of the Corporate Planning Department, as well as the heads of the Personnel Department and Operation Control Department, Operation Support Department and Internal Audit Division.
  2. Holding the committee meetings
    The committee holds its meetings before the start of quarterly account closing procedures and before the reporting of quarterly financial results, and reports the decision to the board of directors.