Governance
Governance
Shareholder Rights Protection
Menu for Protecting Shareholder Rights
General Shareholders Meeting
Conducting General Shareholders Meeting
Our company discloses information about the date, venue, and agenda of the general shareholders meeting, as required by the Commercial Act Article 363, Article 542-4, and Article 15 of our articles of incorporation, through the Electronic Disclosure System (DART) and the company website (www.skchemicals.com).
Operation of General Shareholders Meeting
Shareholders attending the meeting can freely express opinions, raise questions, and demand explanations on the agenda items presented at the general shareholders meeting before the resolution. The introduction status of various voting methods and proxy voting-related systems is summarized below.
| Item | Introduction Status |
|---|---|
| Postal Voting | Not Introduced |
| Electronic Voting | Introduced |
| Concentration Voting System | Not Introduced |
| Ensuring Voting Rights through Submission of Proxy Forms | Introduced |
| Electronic Proxy System | Not Introduced |
| Encouragement System for Proxy Voting | Introduced |
Results of the 9th Regular General Shareholders Meeting
| Agenda | Outcome | Voting Percentage | |
|---|---|---|---|
| Item 1 | Approval of the financial statements and the consolidated financial statements for the 9th fiscal year | Original Motion Passed | 99.44% |
| Item 2-1 | Approval of revision of the articles of incorporation (Deletion of the abolition of cumulative voting) | Original Motion Passed | 99.15% |
| Item 2-2 | Approval of revision of the articles of incorporation (Revision of the articles of incorporation for other matters) | Original Motion Passed | 99.74% |
| Item 3-1 | Appointment of an inside director (Candidate: Jae-hyun Ahn) | Original Motion Passed | 93.60% |
| Item 3-2 | Appointment of an inside director (Candidate: Hyun-sun Park) | Original Motion Passed | 99.48% |
| Item 3-3 | Appointment of an outside director (Candidate: Sung-hoon Oh) | Original Motion Passed | 99.69% |
| Item 4 | Appointment of a member of the Audit Committee (Candidate: Sung-hoon Oh) | Original Motion Passed | 98.99% |
| Item 5 | Separate election of an outside director to be appointed as members of the Audit Committee (Candidate: Chung-suk Lee) | Original Motion Passed | 99.00% |
| Item 6 | Approval of the directors' remuneration limit | Original Motion Passed | 99.56% |
※ Approval Rate: Ratio of exercised voting rights to the total number of common shares with attendance
| Total Issued Shares | Voting Rights Shares | Exercised Voting Rights Shares | Major Shareholders, etc.* | Other Shareholders | Exercised Voting Rights Ratio** | Exercised Voting Rights Ratio Excluding Major Shareholders*** |
|---|---|---|---|---|---|---|
| 19,414,195 | 17,082,049 | 11,027,663 | 7,170,489 | 3,857,174 | 64.56% | 34.98% |
- * Major Shareholders, etc.: SK Discovery Co., Ltd. and related parties
- ** Exercised Voting Rights Ratio: Exercised Voting Rights Shares / Voting Rights Shares
- *** Exercised Voting Rights Ratio Excluding Major Shareholders: Other Shareholders / Voting Rights Shares
Shareholder Proposal Rights
The company implements a shareholder proposal rights system to project shareholder rights. According to Articles 363-2 and 542-6 of the Commercial Act, shareholders who hold at least 3% of the total number of voting shares or who have continuously held at least 1% for six months before the regular general meeting can propose certain matters for the agenda of the general meeting in writing or electronically at least six weeks prior to the previous year's regular general meeting.
Unless the content of the shareholder proposal violates laws, the company's articles of incorporation, or falls under the reasons for rejection specified in Article 12 of the Commercial Act Enforcement Decree, the board of directors must review the proposed items according to internal procedures and decide to include them in the agenda of the general meeting. The company must state the proposal in the notice of the general meeting. If requested by the proposing shareholder, the main content of the proposal must also be included in the notice, and an opportunity to explain the proposal at the general meeting must be provided.