Samsung Electronics Opening General Meeting on the 18th: "Please Participate in Electronic Voting"

[Asia Economy Reporter Changhwan Lee] Samsung Electronics, which will hold its shareholders' meeting on the 18th, has requested shareholders to participate preferably through electronic voting due to concerns over the novel coronavirus infection (COVID-19).

Samsung Electronics announced on its website that "the 51st regular shareholders' meeting will be held on the 18th" and "for the health and safety of shareholders, we kindly ask that you exercise your shareholder rights by participating through electronic voting if possible."

In particular, following the behavioral guidelines recommended by the Korea Disease Control and Prevention Agency, shareholders who are in high-risk groups, have fever or respiratory symptoms, or have visited domestic or overseas COVID-19 risk areas are strongly urged to use electronic voting for their safety.

The company explained that thermal imaging cameras and non-contact thermometers will be installed at the meeting venue on the day, and shareholders showing symptoms such as fever or cough may be restricted from entry. Additionally, shareholders confirmed to have a fever on-site will be asked to attend the shareholders' meeting in a separate area prepared next to the meeting hall, and the company asked for understanding regarding this measure.

Samsung Electronics had previously encouraged shareholders to make extensive use of electronic voting in the notice of convocation sent to shareholders, considering the current national situation.

This year, Samsung Electronics will hold the shareholders' meeting for the first time at the Suwon Convention Center in Suwon, Gyeonggi-do. Until last year, the meeting was held at the Seocho office building in Seoul, but due to an influx of shareholders following the stock split, the venue was changed this year to the Suwon Convention Center, which can accommodate up to 2,000 people.

This year's agenda includes three items: approval of financial statements, appointment of two inside directors, and approval of the director remuneration limit.

Earlier, Samsung Electronics CEO Kinam Kim, in a message to shareholders ahead of the meeting, stated, "The company's stock price rose 44% throughout 2019 due to strengthened business competitiveness and shareholder-oriented management," and added, "We will continue to strive to contribute to enhancing shareholder value through increased corporate value."

Regarding concerns over the spread of COVID-19, he said, "We are responding systematically and proactively to minimize global supply chain risks such as production and sales disruptions and impacts on partners," and "We prioritize the health and safety of employees, their families, partners, and local communities, and are doing our best to prevent infection."

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