KT Corporation (KT) details board changes after outside director exit resignation
Rhea-AI Filing Summary
KT Corporation reported the early resignation of one of its outside directors, Seung Ah Theresa Cho. The change in board composition is stated to have taken effect on March 26, 2024, pursuant to Article 542-8(2) of the Korean Commercial Act.
Before the change, KT had 10 registered directors, including 8 outside directors, representing 80.0% of the board. After the resignation, the company lists 9 registered directors and 7 outside directors, so outside directors now account for 77.8% of the board.
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FAQ
What board change did KT (KT) report in this disclosure?
KT reported the early resignation of outside director Seung Ah Theresa Cho, which changed the composition of its board of directors.
When did the early resignation at KT take effect?
The early resignation of outside director Seung Ah Theresa Cho took effect on March 26, 2024.
How did KT's total number of registered directors change?
KT states that the number of registered directors changed from 10 before the resignation to 9 after the resignation.
How did the number and percentage of outside directors at KT change?
According to the disclosure, outside directors decreased from 8 to 7, and their share of the board moved from 80.0% to 77.8%.
Which outside director resigned early from KT's board?
The early resignation involved outside director Seung Ah Theresa Cho, who ceased to hold office as described in the filing.
Under what legal basis did KT say the outside director ceased to hold office?
KT states that outside director Seung Ah Theresa Cho ceased to hold office pursuant to Article 542-8(2) of the Korean Commercial Act.
How many outside directors remain on KT's board after the change?
After the change, KT reports having 7 outside directors on a board of 9 registered directors.