56 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) 2.2 Steps of Director Appointment The Board of Directors determines the following steps and timeframe for nomination of directors to replace those to retire by rotation: The NRC shall propose a list of nominees with right qualifications for directorships as the representative directors or independent directors, to be proposed to the Board for formal appointment, in case of vacancy for any other reasons than by rotation, and to propose for appointment at the AGM in case of director retiring by rotation. 4. August September January February March April The Board of Directors acknowledges names of directors retire by rotation, with directors to retire by rotation el igible for reappointment of another term. 1. 2. 4. 6. 5. 3. T h e B o a r d o p e n s opportunity for common shareholders to nominate director. The NRC considers names nominated by the NRC and stakeholders, on qualifications, and through interview The Board approves a list of those qualified to serve directorship. Disclosure of information about directors who will retire by rotation; and names the nominees to be proposed for directors appointment in the notice of AGM. Propose to the shareholders to consider appointment to replace those retired directors by rotation at the AGM.
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