Kang Shin-ho, CEO of CJ CheilJedang, noted on the 25th, "Based on being number one and having a significant gap, we will enhance our competitiveness through the modernization of our business structure to leap to a global top tier group."
On this day, CEO Kang explained this year's key strategies to shareholders during his opening remarks at the 18th regular shareholders' meeting held at the CJ Talent Center in Jung-gu, Seoul.
His goal is to accelerate performance through differentiated strategies for domestic and overseas markets in the food business. CEO Kang said, "In the domestic market, we will promote digital transformation through the optimization of online and offline resources and structural innovation to focus on online growth and solidify a sustainable revenue structure."
He added, "Overseas, we will establish optimal growth directions for each country based on the K-food trend," stating, "We will secure large products based on differentiated product capabilities to establish a virtuous cycle of market leadership."
On this day, CEO Kang also mentioned the bio business. He said, "We will focus our technical capabilities on the biodegradable plastic business to improve quality and costs, and we will prioritize business acceleration," and "we will seek continuous expansion of our business areas to establish a foundation for future growth drivers."
Regarding the feed and care business, which is responsible for animal feed, the policy is to enhance sales productivity by strengthening quality management systems and increasing sales volume through expanding customer and livestock species.
Regarding the dividend policy, Kang stated, "CJ CheilJedang has established a new three-year dividend policy for the years 2024 to 2026 to enhance market trust," adding, "Through this, we have adjusted the dividend payout ratio and the proportion of quarterly dividends upwards."
During the deliberation process on the agenda, there were also questions about the reasons for opposing an amendment to the Commercial Code that expands the duties of directors from the existing "company" to "company and shareholders" and the measures for protecting minority shareholders.
In response, Cheon Gi-seong, head of CJ CheilJedang's finance department, said, "There has been no discussion regarding the Commercial Code amendment," but noted, "Sufficient discussion on each agenda item is being conducted so that decisions by the board of directors can consider not only major shareholders but also minority shareholders."
On this day, CJ CheilJedang approved the agenda to reappoint Son Kyung-sik, chairman of CJ Group, as an inside director at the regular shareholders' meeting. The items presented on this day, including ▲ approval of the 18th fiscal year financial statements ▲ amendment of the articles of incorporation ▲ election of directors ▲ appointment of audit committee commissioners ▲ approval of the directors' compensation limit, were also passed as originally proposed.