President Kyung Gye-hyun: "This Year, Establishing the Sustainable Management Office... Laying the Foundation for Top Growth"

Samsung Electro-Mechanics Annual General Meeting of Shareholders

Kyung Kye-hyun, President of Samsung Electro-Mechanics, is conducting the shareholders' meeting.
[Photo by Samsung Electro-Mechanics]

[Asia Economy Reporter Kim Heung-soon] Kyung Kye-hyun, President of Samsung Electro-Mechanics, pledged to focus on ESG (Environmental, Social, and Governance) management, which has emerged as a key topic in the business world this year, and to lay the foundation for becoming a top growth company through harmony with society.

At the 48th regular shareholders' meeting of Samsung Electro-Mechanics held on the 17th at EL Tower in Yangjae-dong, Seoul, President Kyung announced plans to establish a dedicated organization called the 'Sustainability Management Office' for ESG management, promising shareholders 'stable profit securing,' 'pursuit of happiness for social members,' and 'realization of environmental responsibility.'

He also stated, "Although the management environment is expected to be challenging due to global economic issues and the acceleration of domestic protectionism, there are also opportunities such as the expansion of 5G adoption and the popularization of untact (non-face-to-face) life, so we expect related markets to grow." He added, "We will enhance business competitiveness through strengthening technological leadership and innovating manufacturing capabilities, and lay the cornerstone for achieving the vision of becoming the 'best growth company' based on a global compliance culture that adheres to norms and regulations."

At the shareholders' meeting, all agenda items, including approval of financial statements, appointment of directors, appointment of outside directors as audit committee members, and approval of director remuneration limits, were passed as originally proposed. Outside director Kim Yong-gyun was appointed as an audit committee member. Vice President Kim Doo-young was newly appointed as an inside director. Existing inside director Heo Kang-heon stepped down due to term expiration. Dividends were set at 1,400 KRW for common stock and 1,450 KRW for preferred stock, totaling 105.9 billion KRW, a 27% increase compared to 2019.

Meanwhile, Samsung Electro-Mechanics introduced electronic voting and online broadcasting for the first time at this year’s shareholders' meeting. To prevent the spread of COVID-19 and accommodate shareholders unable to attend in person, the management responded to questions registered both on-site and online. A separate exhibition booth was set up at the meeting venue to showcase the company’s next-generation core products such as multilayer ceramic capacitors (MLCC) and camera modules. The company’s vision and goals, including the progress of ESG management initiatives, a key topic in the business world, were also displayed for shareholders to view at a glance.

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