Online parallel promotion of regular shareholders’ meeting
2.14 million minority shareholders through the’Donghak Ant Movement’
Observation of consecutive appointments of executive directors including Vice Chairman Kim Ki-nam
Interest of 3 outside directors
Samsung Electronics IM Division President Ko Dong-jin (from left), Samsung Electronics CE Division President Kim Hyun-seok, and Samsung Electronics DS Division Vice Chairman Kim Ki-nam attended the Samsung Electronics 51st regular shareholders’ meeting held in Suwon Convention Center in Suwon, Gyeonggi Province in March last year. Hankyung DB
This year’s general shareholders’ meeting of Samsung Electronics is expected to be broadcast live online.
According to related industries on the 12th, Samsung Electronics has decided to hold a regular shareholders’ meeting held in the middle of next month on-line, and is preparing for live online broadcasting. Previously, the Samsung Compliance Committee recommended that shareholders be held online at the same time, taking into account the reinforcement of shareholder-friendly management and the recent coronavirus infection (Corona 19) situation. Samsung Electronics accepted this. Last year, SKT broadcasted the shareholders’ meeting live online in consideration of the Corona 19 situation, and Samsung Electronics is setting the operating method by reviewing such precedent.
With the’Donghak Ant Movement’, Samsung Electronics’ minority shareholders exceeded 2 million, making it the largest ever. According to the Korea Securities Depository, the number of shareholders of Samsung Electronics was 2.15 million,4081 as of the end of last year, the largest ever. Individual minority shareholders amounted to 214,5317, 99.6% of the total. The number of shares held by minority shareholders is 387,192,2801, which is 6.48% of the total.
The number of shareholders of Samsung Electronics stood at 144,000 as of the settlement in 2017, but in 2018, it surged due to the stock split. As of the end of 2019, the number of shareholders was 568,000. Samsung Electronics is deciding how to operate by reviewing the case of SK Telecom, which broadcasted the shareholders’ meeting live online last year.
Samsung Electronics plans to maintain the electronic voting system introduced at the shareholders’ meeting last year. This year, shareholders of Samsung Electronics will be able to vote on agendas and view the progress of the general shareholders’ meeting online without attending the site.
It is reported that the on-site shareholders’ meeting will be held at the Suwon Convention Center as in last year. Samsung Electronics held a shareholders’ meeting at the Suwon Convention Center outside the company building for the first time last year as minority shareholders surged after the par value split in 2018.
Next month’s general shareholders’ meeting of Samsung Electronics approves payment of settlement dividends worth KRW 1.3 trillion in accordance with the decision of a special dividend of KRW 1578 per share, and decides on consecutive appointments and new appointments for internal and external directors scheduled to expire.
Since the term of office expires in March of this year, DS (semiconductor parts) vice chairman Kim Ki-nam, CE (consumer electronics) division president Kim Hyun-seok, and IM (IT mobile) division president Ko Dong-jin are expected to resign as executives since they have been retained from previous executives do.
Among the outside directors, the appointment of Seoul National University Professor Park Byeong-guk, Kim Jong-hoon, Chairman of Keithwe Mobile, and Ewha Womans University Professor Kim Seon-wook, who are scheduled to expire next month, will be decided.
Reporter Hwang Jeong-soo [email protected]
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