KT&G to Hold Shareholders' Meeting on 26th Next Month... Lee Sang-hak, Senior Vice President, Nominated as Inside Director Candidate
KT&G announced on the 25th that it will hold the 38th regular general shareholders' meeting at the Talent Development Center at its headquarters in Daedeok-gu, Daejeon, on the 26th of next month.
At this shareholders' meeting, KT&G will address agenda items including the approval of financial statements and the appropriation of retained earnings, partial amendments to the articles of incorporation, the appointment of directors (1 inside director and 2 outside directors), the appointment of audit committee members, and the approval of the director remuneration limit.
Regarding the articles of incorporation, changes will be made to clarify the number of directors, revise the provisions for the appointment of audit committee members, and specify the method for appointing the CEO.
Additionally, the change of the quarterly dividend record date will also be submitted as an agenda item at the shareholders' meeting.
The KT&G board of directors has recommended Lee Sang-hak, Senior Vice President and Head of the General Division of the company, as a candidate for inside director. Senior Vice President Lee is a strategic expert and Chief Financial Officer (CFO) who has created growth momentum for KT&G.
As the head of the General Division, he was recognized for his achievements in expanding profitability based on core business competitiveness, establishing mid- to long-term shareholder return policies, and fostering the co-growth of corporate and shareholder value.
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For outside director candidates, Son Kwan-soo and Lee Ji-hee, who have served as KT&G outside directors for the past three years, were recommended. Candidate Son is a professional manager who served as CEO of CJ Logistics and contributed to the establishment of mid- to long-term investment plans for domestic and overseas production bases and the promotion of production and supply system efficiency. Candidate Son was also recommended as a candidate for audit committee member.
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