The Meeting approves all three agendas for resolution: approval of financial statements, appointment of directors, and director remuneration limit
CEO and President CHOI says, “Driven by everyone’s hard work and supply chain collaboration along with shareholders’ continued support, Samsung SDI will push to become a global top tier company by 2030 ”
Products on display in the venue to enhance shareholders’ understanding of business
SEOUL, Korea – March 20, 2024 – Samsung SDI today convened its 2024 Annual General Meeting of Shareholders in Seoul. The Meeting was attended by individual shareholders, institutional investors, and Yoon-ho Choi, the president and CEO of Samsung SDI along with key management personnel.
The agenda items included approval of the full-year financial statements, appointments of directors, and approval of director remuneration limit, which were all approved as resolved.
The shareholders approved the first agenda for resolution, ‘Approval of Financial Statements FY2023’ that included the following, but not limited to, financial statements: financial position, comprehensive income, etc. The annual dividends were declared to be KRW 1,000 per common share and KRW 1,050 per preferred share.
In the Agenda 2 ‘Appointment of Directors,’ the board of directors sought to reappoint incumbent Executive Director Jong-sung Kim, an executive vice president and the chief financial officer of Samsung SDI as well as appoint a new executive director, Zin Park, an executive vice president and head of the company’s Automotive & ESS Battery Business.
CFO Jong-sung Kim, during his incumbency as an executive director of Samsung SDI, has made instrumental contribution to the company’s growth in revenues and profits as he has leveraged his expertise in management strategy and finance.
As the head of the Automotive & ESS Battery Business, EVP Zin Park is expected to play a critical role in further enhancing the board of directors’ decision-making capability with his extensive experience and expertise on paving the company’s foundation for sustainable growth: he has led expansions of Samsung SDI’s global bases and establishments of joint ventures with major customers.
The final agenda for resolution was ‘Approval of Director Remuneration Limit for the Financial Year 2024.’ The Annual General Meeting of Shareholders cast the voting in favor of the proposed resolution and decided on the total remuneration limit at the same amount as the previous year, KRW 12 billion.
“Driven by Samsung SDI members’ hard work and supply chain collaboration along with shareholders’ continued support, Samsung SDI will push to become a global top tier company by 2030 while taking a strong step towards the vision to ‘make the world greener and sustainable through our innovative technology,'” remarked Samsung SDI President and CEO Yoon-ho Choi in his speech as the board chairman.
For the first time this year, Samsung SDI arranged a showing of its key products from the respective business units in the Meeting venue so as to enhance shareholders’ understanding of its business.
