If a director finds any fact that is likely to inflict a substantial loss on the company, he/she shall immediately report such fact to its auditors.[This Article Newly Inserted Act No. 5053, Dec. 29, 1995]
Laws › Commercial Act › Sub-Section 3 Auditors and Audit Committee
Commercial Act — Article 412-2 (Directors' Duty of Reporting)
상법 제412조의2
This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.
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