Friday, March 24, 2017

[Super Shareholders' Meeting; gwonohhyeon Samsung Electronics vice chairman, "the holding company transition is not easy running now."



[Korea financial newspaper ohahreum News] gwonohhyeon Samsung Electronics Vice Chairman & CEO is "in the process of reviewing various aspects, such as the holding company transition reviewing the legal detergent as a very important decision" 24 days in the open 48th Annual General Meeting of Shareholders on Samsung Seocho building in Seoul said "but it seems there is a negative impact on the review process is not easy to run for now," he said.

He following added, "I will inform to shareholders as soon as all results have been completed."

In this day, the General Shareholders 'Meeting, the shareholders' meeting last year dwaeteumyeo business performance reports, etc. to achieve 202 trillion won and 29 trillion won sales and operating profit on a consolidated basis, financial statements, bills to △ △ approved remuneration of Directors approved cases were dealt with.

Prior to assuming the bill, Vice gwonohhyeon (DS Division), President yunbugeun (CE Division), President sinjonggyun (IM Division) has announced the business status of each sector had a question, the response time.

Issues Vice "Over the past year, the global dwaetjiman Korea also continued difficult business conditions, the economic atrophy due to uncertainty amid slow growth trend persists, the Samsung 202 trillion won revenue connected thanks to the shareholders for the support and encouragement based on net income achieved a performance of 22 trillion won, "he said.

Following Issues Vice President "last year, as promised in November announced a shareholder Improvement △ YoY 30% increase of 4 trillion won sizes of 2016 dividends △ total of 9.3 trillion won of scale share buyback △ quarterly dividend enforcement, such as from the first quarter and fulfill, "he said.

In addition, the Governance Committee be composed of outside directors and is expected to play a role for the review and enhance communication with shareholders of the management information has a significant impact on shareholder value also parallel the existing CSR committee roles.

With regard to Outside Directors Issues Vice President did not make nominations at this shareholders' meeting came promote recruitment from various angles, due to the uncertainty of the internal and external environment surrounding the latest company to "to appoint a foreigner outside directors with top management experience in global companies "I said," he explained there is no company policy has continued to recruit outside directors with sufficient qualifications and experience of a global company. "

Finally ticket Vice gap expanding its competitors in △ constant innovation and business sophistication for sustainable growth and shareholder-oriented management of the company △ new opportunities through the intrinsic needs of the excavation of consumer △ crisis management system to improve quality and competitiveness expansion △ He stressed he would continue to promote strengthening of communications with shareholders.





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