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Amorepacific

Corporate Governance

Management committee

Objective

The ‘Management Committee’ is a sub-committee that examines and votes on the matters pertaining to management delegated by the Board of Directors to facilitate the Board’s decision-making process.

Authority and Responsibility

The Committee has the duty and responsibility to examine and vote on the matters pertaining to management delegated by the Board of Directors and accommodate discussion and consultation among the committee members to make a final decision.

Suh Kyungbae

Chairman and CEO
  • (Present) Chairman and CEO of Amorepacific Group
  • Chairman of PACIFIC Corporation
  • President, Planning and Coordination, PACIFIC Corporation
  • MBA, S.C. Johnson Graduate School of Management, Cornell University
  • BA, Business Administration, Yonsei University

Shim Sangbae

President and CEO
  • (Present) President and CEO of Amorepacific
  • Executive Vice President, Production and Logistics Unit, Amorepacific
  • Executive Vice President, Business Support Unit, PACIFIC Corporation
  • MBA course, Graduate School of Business, Korea University
  • BS, Industrial Engineering, Korea University

Audit Committee

Objective

The Audit Committee formulates a monitoring system to ensure that Board of Directors fall in line with required standards and regulations in exercising their powers and implements the duties delegated by the Board.

Authority

  • Authority to audit business of the company
  • Authority to request reports on the business status of the company and investigate assets of the company
  • Authority to receive reports from directors
  • Authority to investigate subsidiaries of the company
  • Authority to request to stop any acts in violation of laws and regulations or the Articles of Incorporation.
  • Authority to institute various actions
  • Authority to request the convocation of a general meeting of shareholders
  • Authority to ask for professional assistance at the company's expense
  • Authority to appoint external auditors
  • Any other authority granted to the committee by relevant laws and regulations, the Articles of Incorporation or a Board resolution

Nam kungeun

Non-Executive Director
  • (Present) Professor, Department of Environmental Engineering and Biotechnology, Myongji College of Engineering
  • Member of Presidential Committee on Green Growth
  • Director, Eco-STAR Project for Korea Ministry of Environment
  • Environmental Manager and Vice General R&D Manager, P&G Asia-Pacific
  • MS and PhD, University of Illinois at Urbana-Champaign
  • BS, Civil Engineering, Seoul National University

Lee Eonoh

Non-Executive Director
  • (Present) Director, Middle Way Management Institute
  • President, the Busan Development Institute (BDI)
  • Senior Managing Director, the Office of Public Policy, Samsung Economic Research Institute (SERI)
  • Researcher, the Korea Development Institute (KDI) and Intelligence Officer, the National Intelligence Service (NIS)
  • MS and PhD, Management Science, KAIST
  • BS, Business Administration, Seoul National University

Eom Youngho

Non-Executive Director
  • (Present) Professor, School of Business, Yonsei University
  • Chairman, Korea Derivatives Association
  • Head, Regulation Committee, Korea Exchange
  • Economist, Federal Reserve Bank of New York
  • PhD, Stern School of Business, New York University
  • BA and MBA, Business Administration, Yonsei University

Independent Director Recommendation Committee

Objective

The ‘Independent Director Recommendation Committee’ is a non-permanent committee that recommends candidates for independent directors of the Board. The recommendations are submitted at a general shareholders’ meeting.

Authority and Responsibility

The Committee examines the independence and capability of each candidate and holds ad hoc meetings to make recommendation to the Board on staff selection and appointment.

Shim Sangbae

President and CEO
  • (Present) President and CEO of Amorepacific
  • Executive Vice President, Production and Logistics Unit, Amorepacific
  • Executive Vice President, Business Support Unit, PACIFIC Corporation
  • MBA course, Graduate School of Business, Korea University
  • BS, Industrial Engineering, Korea University

Lee Eonoh

Non-Executive Director
  • (Present) Director, Middle Way Management Institute
  • President, the Busan Development Institute (BDI)
  • Senior Managing Director, the Office of Public Policy, Samsung Economic Research Institute (SERI)
  • Researcher, the Korea Development Institute (KDI) and Intelligence Officer, the National Intelligence Service (NIS)
  • MS and PhD, Management Science, KAIST
  • BS, Business Administration, Seoul National University

Nam kungeun

Non-Executive Director
  • (Present) Professor, Department of Environmental Engineering and Biotechnology, Myongji College of Engineering
  • Member of Presidential Committee on Green Growth
  • Director, Eco-STAR Project for Korea Ministry of Environment
  • Environmental Manager and Vice General R&D Manager, P&G Asia-Pacific
  • MS and PhD, University of Illinois at Urbana-Champaign
  • BS, Civil Engineering, Seoul National University