The meeting’s agenda items include
approval of financial statements and retained earnings disposition, partial
revisions to the Articles of Incorporation, appointment of one internal and two
external directors, appointment of one audit committee member, and approval of
the remuneration cap on board members.
Regarding the proposed amendments to the
Articles of Incorporation, the board has resolved to clarify the number of
directors, revise clauses related to audit committee member appointments,
specify the procedure for selecting the president and CEO, and modify the
record date for quarterly dividends.
The board has also nominated KT&G Senior Vice
President and Executive General Manager Lee Sang-hak as a candidate for
internal director. Lee, a corporate strategy expert serving as the company’s
CFO, has been the centerpiece of KT&G’s strategic and management policy
sectors, creating the corporation’s growth momentum. He was recommended as the
perfect candidate for the internal director position, acclaimed for his
achievements in strengthening corporate and shareholder value, including
increased profitability based on core business competitiveness during his role
as executive general manager and taking the initiative in the establishment of
KT&G’s mid to long-term shareholder return policies.
For external directors, the board has nominated Son
Kwan-soo and Lee Ji-hee, both of whom have served as KT&G external
directors for the past three years.
Son Kwan-soo, a professional business executive who served
as CEO of CJ Logistics, has contributed to establishing mid to long-term
investment plans for production bases in and out of Korea and streamlining
production and supply systems based on his extensive experience and expertise.
Starting last year, he also served as the chair of KT&G’s board of
directors, where he was highly regarded for his active involvement in corporate
value enhancement initiatives.
Furthermore, Son has been recommended as a candidate for
the KT&G Audit Committee. He was recognized for his contributions to
numerous KT&G committees and his role in ensuring independent and impartial
oversight of the company’s management and financial activities.
Lee Ji-hee, CEO of W-Works, has played a significant role
in formulating domestic and international product launch strategies, drawing on
her expertise in successfully marketing global consumer goods brands. She has
also served as the chair of the KT&G Sustainable Management Committee
starting last year, where she has been highly praised for her contribution to
establishing the company’s ESG management framework, offering advice on ESG
policies and strategies, and reinforcing oversight to achieve relevant goals.
A representative of KT&G stated, “We actively engage
with shareholders and other stakeholders on executing our future vision, which
includes sharpening the competitive edge of our core businesses and
implementing a shareholder return policy that meets the highest domestic and
international standards. Moving forward, we will continue to maximize corporate
value and shareholder interests by maintaining world-class corporate governance
competitiveness.”
(Photo) KT&G logo image
