(1) The representative director of a company prescribed by Presidential Decree, among the stock companies referred to in Article 170 of the Commercial Act, shall formulate a plan for safety and health of the company each year, and report it to the board of directors for approval, as prescribed by Presidential Decree.
(2) Any representative director referred to in paragraph (1) shall faithfully implement a plan for safety and health referred to in paragraph (1).
(3) A plan for safety and health referred to in paragraph (1) shall include such matters as the costs, facilities, personnel, etc. related to safety and health.