Samsung SDI President Jeon Young-hyun: "We Will Create an Opportunity to Leap Forward as a 100-Year Company with a Super Gap"

[Asia Economy Reporter Ki-min Lee] Samsung SDI held its 50th regular general meeting of shareholders at 9 a.m. on the 18th at The-K Hotel Seoul in Seocho-gu, Seoul. At the shareholders' meeting, four agenda items were passed: approval of financial statements, appointment of directors, appointment of audit committee members, and approval of the director remuneration limit.

Samsung SDI President Young-hyun Jeon, in his chairman's greeting, stated, "Although difficulties are expected due to the impact of COVID-19, we will develop new products and discover new growth engines based on strong execution capabilities," adding, "This year, marking the 50th anniversary of our founding, we will strive to establish a foundation to leap forward as a century-old company with differentiated technology."

At the meeting, the four agenda items?approval of financial statements, appointment of inside and outside directors, appointment of audit committee members, and approval of the director remuneration limit?were passed.

First, under the agenda item 'Approval of the 50th financial statements and consolidated financial statements,' approval was given for the balance sheet, income statement, statement of changes in equity, and others. The dividend amount was decided to be the same as the previous year: 1,000 KRW for common stock and 1,050 KRW for preferred stock.

Next, four new outside directors serving concurrently as audit committee members were appointed. With the immediate enforcement at the end of January of the revised Enforcement Decree of the Commercial Act, which sets the term of outside directors to six years, Samsung SDI replaced all four outside directors whose terms had expired at once.

The new outside directors of Samsung SDI are Professor Oh-kyung Kwon of the Department of Convergence Electronics Engineering at Hanyang University, Attorney Deok-hyun Kim of Jinsung Law Firm, Senior Researcher Tae-joo Park of the Labor Issues Research Institute at Korea University, and Professor Won-wook Choi of the Business School at Yonsei University. Samsung SDI, which signed a business agreement to be subject to compliance monitoring by the Samsung Compliance Committee, is evaluated to have put considerable effort into appointing two outside directors and audit committee members with experience in human rights and labor policy fields.

President Young-hyun Jeon was also reappointed as an inside director, maintaining a total of seven board members at Samsung SDI, consisting of three inside directors and four outside directors.

Additionally, at the shareholders' meeting, the director remuneration limit was set at 19 billion KRW, the same as last year. A Samsung SDI official explained, "Out of the 19 billion KRW director remuneration limit last year, a total of 3.7 billion KRW was executed, and this year the remuneration limit was set at a similar level."

Prior to the shareholders' meeting, Samsung SDI installed thermal imaging cameras at the venue to measure the temperatures of attending shareholders and required them to fill out health questionnaires. Samsung SDI distributed about 100 masks prepared in advance to the shareholders. A female shareholder in her 60s asked, "Is this year's gift a mask?" before entering the shareholders' meeting hall. Furthermore, to protect the health of shareholders, the seats in the meeting hall were spaced more than 1 meter apart.

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