Input 2021.02.16 11:28
2.15 million minority shareholders as of last year
Samsung Electronics announced on the 16th that it will hold the 52nd regular shareholders’ meeting at the Suwon Convention Center in Gyeonggi-do on March 17th.
Samsung Electronics has been holding a shareholders’ meeting at the Suwon Convention Center near Suwon Digital City, where its headquarters is located, since last year, after the number of minority shareholders increased to more than 2 million due to the par value split in 2018. This is because it is difficult to conduct a normal shareholder meeting at the Seocho office in Seoul. According to the Korea Securities Depository, as of the end of last year, the number of shareholders of Samsung Electronics was 2.15 million,4081, of which individual minority shareholders accounted for 99.59% (214,5317).
Since last year, Samsung Electronics has also introduced an electronic voting system that allows shareholders to exercise their voting rights even if they do not attend the shareholders’ meeting.
This year, it will also introduce online broadcasting for the first time. In early March, the application information will be announced through the website. Shareholders can apply for participation on a separate site and register questions for each agenda in advance. The application period is from 9 a.m. on March 7 to 5 p.m. on the 16th of the same month.
Shareholders who apply for online broadcasting can watch all the shareholders’ meetings in real time and ask questions. However, according to the current law, it is impossible to watch online broadcasts on the day of the shareholders’ meeting and vote online on the agenda of the shareholders’ meeting. Therefore, it is necessary to exercise voting rights by electronic voting in advance or apply for an exercise of voting rights by proxy.
The agenda for this shareholders’ meeting is the approval of end-of-year dividends and financial statements, including special dividends of 1578 won per share and a total of 1.07 trillion won. In addition, the agenda for re-appointment of outside directors Park Byeong-guk, Kim Jong-hoon, and internal directors Kim Ki-nam, Kim Hyun-seok, and Ko Dong-jin will be proposed.
An official from Samsung Electronics said, “At this shareholders’ meeting, we plan to make every effort to ensure the safety and health of our shareholders by equipping the new coronavirus infection (Corona 19) quarantine measures, which are stronger than last year.”