Shareholder Structure
- Foreigners
- Domestic Individuals and Institutional Investors
- Treasury Shares
- National Pension
- ESOP
42.67%
31.33%
15.70%
6.64%
3.66%
Total Shares
133,822,497
Total Shares Issued
Ordinary Shares
Preferred Shares
- FY2023 133,822,497 -
- FY2022 137,292,497 -
- FY2021 137,292,497 -
- FY2020 137,292,497 -
- FY2019 137,292,497 -
The 37th Annual General Meeting of Shareholders Results
| No. of shares with voting rights | 112,809,923 | |||
| Shares present | 91,297,872 | |||
| Participation rate | 80.9% | |||
| Participation rate excluding the largest shareholders and affiliated persons(%) |
72.5% (Largest shareholder as of end Dec 2023 is the Industrial Bank of Korea (IBK), and there are no shares owned by affiliated persons.) |
|||
| Agenda | Approval rate | Result | ||
| No.1 | Approval of Financial Statements and Statement of Appropriation of Retained Earnings for the 37th Fiscal Year | 95.7% | Approved | |
| No.2 | Partial Amendments to the Articles of Incorporation | - | - | |
| No.2-1 | Addition of Business Purposes | 99.5% | Approved | |
| No.2-2 | Alignment of Provisions Including Incorporation of Certain Amendments to the Korean Commercial Code | 99.5% | Approved | |
| No.2-3 | Transfer of Authority to Recommend/Propose Dismissal of Inside Directors | 99.5% | Approved | |
| No.2-4 | Improvement of the Composition and Operation of the President Candidate Recommendation Committee | 99.5% | Approved | |
| No.2-5 | Improvement of the Composition of Committees within the Board of Directors | 99.5% | Approved | |
| No.2-6 | Amendment Regarding the Dividend Record Date | 99.5% | Approved | |
| No.3 | Appointment of Two (2) Directors (cumulative voting requested by Agnes, etc.) | - | - | |
| No.3-1 | Appointment of Kyung-Man Bang as President/Representative Director (Proposal by KT&G’s Board of Directors) | 50.9% | Approved | |
| No.3-2 | Appointment of Min-Kyu Lim as Outside Director (Proposal by KT&G’s Board of Directors) | 14.8% | Rejected | |
| No.3-3 | Appointment of Dong-Hwan Shon as Outside Director (Shareholder Proposal_by Industrial Bank of Korea) | 34.3% | Approved | |
| No.3-4 | Appointment of Sang-Hyun Lee as Outside Director (Shareholder Proposal_by Agnes)1) | - | - | |
| No.4 | Appointment of Outside Director Who Will Also Serve as an Audit Committee Member (Sang-Wook Kwak) | 75.1% | Approved | |
| No.5 | Approval of Cap on Remunerations for Directors | 88.2% | Approved | |
※ Shares present: Total number of common shares with voting rights represented at the opening of the Meeting.
(The number of common shares with voting rights for each resolution item at the Annual General Meeting of shareholders' may change according to relevant laws and regulations which may result in different numbers of voting shares available for each resolution.)
- 1) Agenda No. 3-4 : Agenda No. 3-4 was abandoned as candidate Sang-Hyun Lee withdrew himself from candidacy
Adoption of concentrated voting system, system of voting in writing and electronic voting system
-
Concentrated voting system
Adopted
- - Concentrated voting system is introduced through the modification of the Articles of Association at the time of regular stockholder’s meeting on 2001.3.23
- - There must be right to claim appointment of director in accordance with the concentrated voting system for the stockholders with more than 1/100 of the total number of stocks issued with voting rights of the company and the stockholder wishing to exercise the said right must submit claim to the company in writing or electronic document at least 6 weeks prior to the date of stockholder’s meeting (in the case of regular stockholder’s meeting, the date of regular stockholder’s meeting in the immediately preceding year).
- System of voting in writing Not adopted
-
Electronic voting system
Adopted
- - Adoption of the Electronic voting system to enhance convenience of shareholders’ exercise of voting rights by decision of Board of Directors on February 10th, 2022
