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Commercial Act — Article 412-4 (Auditors' Request for Convening Board of Directors' Meetings)

상법 제412조의4

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.

(1) An auditor may, if necessary, request convocation of a meeting of the board of directors by filing with directors (in cases where there is a person eligible to convene the board, referring to such person; hereafter the same apply in this Article) a written request stating the agenda of the meeting and the reasons for which it is to be convened.

(2) After making a request under paragraph (1), if the directors fail to convene a meeting of the board of directors without delay, the auditor who has requested the convocation may convene such meeting.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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