Daelim Bath corrected its corporate governance report, revising officer titles (e.g., Kim Jong-seong from executive director to managing director) and changing compliance for detailed principle 4-4(3) from N to Y.
Non-compliance with key indicators: AGM notice given only 2 weeks (not 4 weeks) in advance, failure to avoid peak AGM dates, no dividend policy or predictability.
No CEO succession plan, board committees, or external director evaluation system; all-male board (4 members including 1 outside director) lacks diversity.
Recent 3-year performance: consolidated revenue KRW 300.57B, operating profit KRW 18.62B, net profit KRW 13.51B; 13 consecutive dividends (current period KRW 180 per share).
Single standing auditor (no audit committee), quarterly meetings with external auditor (Samil PwC) partially missed.
[AI Summary]This amendment is administrative and has no direct price impact, but it highlights governance deficiencies such as lack of dividend policy, board independence, and diversity, requiring improvement for long-term shareholder value.
KOSPI Filing Information
Filing: [Correction of Description] Corporate Governance Report Disclosure