Leave Jae-yong Lee… Samsung shareholders need to be dismissed vs business disruption

On the morning of the 17th, the 52nd regular shareholders' meeting of Samsung Electronics is being held at the Suwon Convention Center in Suwon-si, Gyeonggi-do./Photo = News 1

On the morning of the 17th, the 52nd regular shareholders’ meeting of Samsung Electronics is being held at the Suwon Convention Center in Suwon-si, Gyeonggi-do./Photo = News 1

Samsung Electronics Lee Jae-yong is sentenced to two years and six months in prison and is imprisoned.(82,200 -0.72%) The opinions of shareholders of Samsung Electronics differed over the future position of the vice chairman.

On the 17th, at the Suwon Convention Center in Gyeonggi-do, Samsung Electronics held the ’52th regular shareholders’ meeting’ with 900 people including shareholders, institutional investors, CEO Kinam Kim (Vice Chairman), CEO Hyunseok Kim (Chairman), and CEO Dongjin Ko (Chairman). Held.

At the shareholders’ meeting that day, Mr. A, who said he was a member of the Participating Solidarity, said, “Vice-Chairman Lee is living in prison for 2 years and 6 months in prison for bribery and embezzlement worth 8.6 billion won.” “There is,” demanded the dismissal of Vice Chairman Lee. Previously, the Ministry of Justice notified the restriction of employment according to the law to Vice-Chairman Lee, who had been sentenced to imprisonment for bribery and embezzlement.

He added, “It is said that the Samsung Compliance Monitoring Committee also decides on this matter. What is the Compliance Monitoring Committee doing?”

Regarding this, another shareholder B said, “This is a job to hit the ground and vomit resentment. Why do you have to live in jail?” When Mr. B’s remarks ended, the shareholders around him clapped.

Shareholder C said, “Politicians who have made mistakes are still active, but this vice-chairman is only the management of a company.” I think.”

Vice Chairman Ki-Nam Kim, who served as the chairman of the shareholders’ meeting on this day, responded to shareholders’ inquiries, saying, “The company will comprehensively review the company situation and legal regulations, taking into account the role of this vice chairman, such as global network and future business decisions.”

Regarding the role of the Compliance Committee, “As an independent organization of the board of directors, it is an organization that strengthens the compliance control function of Samsung Electronics and other Samsung affiliates so that company decisions can be made legally.” “We have been continuing our activities to establish a compliance culture.”

In the question-and-answer session that followed, Vice Chairman Lee and related shareholders continued to ask questions.

Meanwhile, at the general shareholders’ meeting on the same day, Samsung Electronics proposed △approval of financial statements, △appointment of internal and external directors, △appointment of outside directors to become members of the audit committee, and △approval of the remuneration limit for directors. For the convenience of shareholders, Samsung Electronics conducted an online broadcast of the shareholders’ meeting for the first time this year, and has introduced an electronic voting system since last year.

Seong-soo Bae, reporter Hankyung.com

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