Board Committees
To enhance the Board’s expertise and decision-making efficiency, Oscotec operates the Related-Party Transactions Committee, Compensation Committee, and Investment Review Committee.
Each committee reviews and resolves key matters in accordance with applicable laws, the Articles of Incorporation, and its operating rules. Their responsibilities include ensuring fair and transparent related-party transactions, establishing reasonable executive compensation, and professionally reviewing investments and technology in-licensing while managing associated risks. Material matters are referred to the Board when necessary, reinforcing transparent and accountable decision-making.
Related-Party Transactions Committee
The Related-Party Transactions Committee evaluates major related-party transactions to ensure fairness and transparency, reviewing transaction terms and potential conflicts of interest between the company and its related parties.
Composition and Responsibilities
| Category | Composition / Key Responsibilities | |
|---|---|---|
| Composition | ExecutiveDirector | Chair: Sanghyun Lee Members: Youngshin Kwak, Dongjun Shin |
| Independent Director | - | |
| Roles and Responsibilities |
· Approve related-party transactions or refer them to the Board | |
| · Review the fairness of terms and market pricing | ||
| · Review potential conflicts of interest | ||
| · Determine related disclosure requirements | ||
| Chair | Sanghyun Lee | |
Compensation Committee
The Compensation Committee reviews and approves key matters concerning executive remuneration and performance-based compensation to ensure a fair and transparent compensation framework.
Composition and Responsibilities
| Category | Composition / Key Responsibilities | |
|---|---|---|
| Composition | Executive Director | Chair: Sanghyun Lee |
| Independent Director | Members: Youngshin Kwak, Kyungsub Lee | |
|
Roles and Responsibilities |
· Review remuneration limits for registered directors | |
| · Review executive remuneration and payment criteria | ||
| · Review special performance-based compensation | ||
| · Review other key executive compensation matters | ||
| Chair | Sanghyun Lee | |
Investment Review Committee
The Investment Review Committee ensures objective and transparent decisions on investments and technology in-licensing while managing related risks.
Composition and Responsibilities
| Category | Composition / Key Responsibilities | |
|---|---|---|
| Composition | Executive Director | Chair: Taeyoung Yoon Members: Jinhyoung Kang, Youngshin Kwak |
| Independent Director | - | |
| Roles and Responsibilities |
· Review domestic and overseas biotech investments | |
| · Review technology in-licensing | ||
| · Review joint R&D investments | ||
| · Review other matters delegated by the Board | ||
| Chair | Taeyoung Yoon | |