[Korea goyounghun financial newspaper reporter] settlement last five years related companies delisting of reasons accounted for the largest proportion 'non-appropriate audit opinion "and the reason was that felled the majority.
Korea Exchange said, saying prepare a market management measures in accordance with the season closing to occur in the 23 days intensive delisting Tuesday. About the last five years related to settlement companies delisting status is a result of the high incidence analysis listed the reason abolish the effect that prepare a market management measures.
Settlement related to delisting companies have continued to decrease since the year 2012. 28 In 2012, four in 2016 decreased 67.9% to 9 companies. However, the delisting of the company settlement-related reasons proportion is still as high as 44.9%.
By market, securities market and KOSDAQ all settlement-related delisting companies fell more than 60% in the year 2016 compared to year 2012. Securities market fell by 2 companies in 6 companies in the KOSDAQ market was reduced from 22 companies in seven companies.
From 2012 until last year, abolish settlement-related publicly traded company was delisted as a proper reason for non-audit opinions double 47 companies (56.0%) to a total of 84 companies. Reason for delisting of the securities market by market if capital erosion (47.6%), the KOSDAQ case of non-appropriate audit opinion (61.9 percent) were relatively high.
Exchange officials urged that "the audit report, the audit opinion proper reasons for non-audit report is the special attention of investors because the demand is difficult to predict prior to the pre-submission".
Listed company is a legal entity does not meet the requirements, so put outside directors, auditor in accordance with the Commercial Code and the Stock Exchange Listing Rules should address them in this regular shareholders' meeting elected officers. Obligatory for more than a 24/4 position should be appointed as outside directors, and the total assets of 2 trillion won or more listed companies should ensure that a majority of the total number of directors to configure more than three outside directors. Outside directors can not Concurrent directors, executive officers, auditor of the listed companies, except for two or more other companies.
Audit report because it contains important information to stakeholders including audit opinion must disclose accurate information in a timely manner. External auditors must submit an audit report to the regular shareholders' meeting held a week before the listed companies, listed companies must submit to the Exchange, upon receipt of the audit report.
Exchange said that "there is investment important information regarding the Settlement season is concentrated, can cause unexpected investment losses" and "if you lack the management stability, or invest in companies in poor financial condition, being careful not to cause damage to determining carefully should be, "he said.
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