Samsung Electronics announced on the 13th that it will hold the 57th annual general meeting of shareholders on the 18th of next month at the Suwon Convention Center in Gyeonggi. The agenda will include the appointment of outside directors, approval of financial statements, approval of the limit on directors' remuneration, and partial amendments to the articles of incorporation.
According to Samsung Electronics that day, Kim Yong-gwan, head of corporate strategy for the Device Solutions (DS) institutional sector in charge of Samsung Electronics' semiconductor business, has been nominated as a new director of Samsung Electronics. The timing of Chair Lee Jae-yong's return as a registered executive has not been set.
Kim Yong-gwan, head of corporate strategy, served as head of support team for the Memory Business Unit and head of planning team for the DS institutional sector, then as an executive in charge of the Management Diagnosis Team at the Future Strategy Office and an executive in charge of the Business Support TF, and has been serving in the DS institutional sector since 2024.
Samsung Electronics said of Kim, head of corporate strategy, "Based on understanding of the semiconductor business and global capabilities, Kim has broadly supported operations across corporate support and played roles in external cooperation and communication, contributing to enhancing corporate value," adding, "For operation of the Taylor fab in the United States, Kim led order negotiations and achieved results by securing long-term contracts."
The appointment of Heo Eun-nyoung, a Seoul National University professor, as an audit committee member will also be on the agenda at this shareholders meeting. Heo, the nominee, has served as a professor at the College of Engineering at Seoul National University since 1996, has been a civilian member of the National Economic Advisory Council, vice president of the International Association for Energy Economics, and president of the Korea Resources Economics Association, and is currently a full member of The National Academy of Engineering of Korea and head of the Korea Energy Law Institute.
An agenda item will propose increasing the aggregate limit on directors' remuneration from 36 billion won last year to 45 billion won this year. Ahead of the enforcement of the amended Commercial Act in September this year, an agenda item to introduce cumulative voting will also be submitted. Cumulative voting is a system that protects the rights of minority shareholders by granting voting rights per share equal to the number of directors to be elected when two or more directors are appointed, allowing votes to be concentrated on a single candidate.