SK Telecom to Hold First 'Online General Meeting' with Real-Time Live Streaming

At the 35th Annual General Meeting of Shareholders held last March at SK Telecom headquarters, President Park Jung-ho is explaining management performance and business vision to the shareholders.

[Asia Economy Reporter Joselgina] Due to the impact of the novel coronavirus infection (COVID-19), the era of online general meetings of shareholders (GMS) has begun, allowing real-time viewing and communication of the shareholder meeting through PC or mobile devices.

SK Telecom announced on the 15th that the general meeting of shareholders scheduled for the 26th at the headquarters' SUPEX Hall will also be broadcast live online. The shareholder meeting will be streamed live via video, and the CEO and other executives will respond to questions received online from shareholders during the meeting. This is to assist shareholders who find it difficult to attend in person and to strengthen shareholder-friendly management through open communication with shareholders.

SK Telecom shareholders wishing to participate in the online GMS can apply through the company’s website (www.sktelecom.com) from 9 a.m. on the 16th until the 24th, two days before the meeting. Once shareholder identity is verified through the shareholder registry (as of December 31, 2019), they will be given an access code to participate via PC or smartphone on the day of the meeting.

In particular, SK Telecom will accept questions or opinions regarding company management through the online application site from the 16th until the day of the shareholder meeting on the 26th. SK Telecom plans to allocate separate response time for questions received both on-site and online during the meeting.

Additionally, at this shareholder meeting, President Park Jung-ho and the heads of the four major business divisions?MNO, Media, Security, and Commerce?will give presentations themselves. Through this, they will explain SK Telecom’s 5G and four major business achievements from last year and announce growth strategies and business directions as a leading New ICT company based on 'super cooperation.'

Since 2018, SK Telecom has taken the lead in shareholder-friendly management by introducing the industry’s first electronic voting system to enhance shareholders’ convenience in exercising voting rights. The electronic voting period is from the 16th until the day before the meeting, the 25th, during which shareholders can verify their identity on a dedicated electronic voting site and exercise their voting rights on each agenda item.

The company expects that new initiatives such as live online broadcasting of the shareholder meeting, on-site presentations and real-time Q&A by management, and proactive implementation of electronic voting will not only enhance the rights of minority shareholders but also serve as a turning point in changing the paradigm of domestic shareholder meeting culture.

Along with this, SK Telecom plans to ensure shareholder safety by conducting temperature checks for attendees on the day of the shareholder meeting to prevent COVID-19.

At this meeting, SK Telecom plans to resolve agenda items including approval of the 2019 financial statements, appointment of directors and audit committee members, and granting stock options to strengthen responsible management.

This content was produced with the assistance of AI translation services.