Samsung Electronics held the 52nd regular shareholders’ meeting at the Suwon Convention Center on the 17th with shareholders, institutional investors, CEO Ki-nam Kim (Vice Chairman), CEO Hyun-seok Kim (Chairman), and CEO Dongjin Ko (Chairman). .
At the general shareholders’ meeting on this day, ▲ approval of financial statements ▲ appointment of internal/external directors ▲ appointment of outside directors to become a member of the audit committee ▲ approval of the compensation limit for directors was proposed.
CEO Kim Ki-nam (Vice-Chairman) said in a greeting on the day, “Amid the difficult management conditions such as the Corona 19 pandemic last year, thanks to the dedication and efforts of all employees and partners, we have achieved a solid performance of 237 trillion won in sales and 36 trillion won in operating profit. Achieved.”
Vice-Chairman Kim continued, “The DS division strengthened its leadership in the semiconductor market by expanding sales of differentiated high-capacity products in the memory business, and the system semiconductor business laid the foundation for future growth, such as expanding the mass production of the EUV process.”
Regarding the set business, he said, “The CE division has solidified its premium leadership by introducing new QLED TVs and Bespoke home appliances, and the IM division has led the market by launching a flagship smartphone equipped with advanced technology and an innovative foldable phone.” .
Vice Chairman Kim added, “Through this, the company’s brand value in 2020 reached 5th place in the global market with an evaluation of 62.3 billion dollars by Interbrand.
It also explained the company’s efforts to improve shareholder value.
Vice Chairman Kim said, “To faithfully fulfill the promise of shareholder return, we have decided to pay a total of 28.900 billion won in regular dividends over the past three years, and pay the remaining financial resources of 10.7 trillion won in addition to the regular dividends in 2020 as a special dividend.” “For the next three years from 2021 to 2023, the amount of regular dividends has been raised to 9.8 trillion won per year, and if residual resources exceeding regular dividends within 50% of the free cash flow each year, some early return should be considered. It will be said.
For the convenience of shareholders, Samsung Electronics broadcasted the general shareholders’ meeting online for the first time this year, and introduced the electronic voting system from last year.
Vice Chairman Kim Ki-nam also said, “The company is carrying out various activities to improve the environment, such as improving energy efficiency and reducing harmful substances for sustainable growth.” He said, “We are not neglecting our social responsibility, such as providing support so that we can receive them.
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He said, “We provided management stabilization funds and logistics expenses to partner companies suffering from Corona 19, and provided support for manufacturers of masks, diagnostic kits, and vaccine syringes, as well as providing training resources for the company to cure the corona. He said, “We are making efforts to further strengthen compliance management by establishing the Samsung Compliance Monitoring Committee as a separate and independent organization.”
Finally, Vice Chairman Kim pledged, “To take a step further, we will prepare for future capabilities such as 5G, AI, IoT, cloud, and security, and lay the foundation for a trusted 100-year company through the establishment of an autonomous compliance culture.” .