Corporate Governance
Guarantee of
Shareholder’s
Rights
and Interests
Shinsegae International Co., Ltd. will maximize
corporate value
through reasonable and transparent
management activities that shareholders can invest
in based on trust.
The Charter of
Corporate Governance
Shinsegae International Co., Ltd.
(hereinafter referred to as "Company") has declared
CSR management
for the corporate
management paradigm and strives to fulfill
its social responsibilities.
Shareholder
Composition
2023
As of Dec 31, 2023
| Shareholders | Number of shares |
Percentage of shareholding |
|---|---|---|
| Largest shareholder & Affiliated persons | 19,297,030 | 54.05% |
| Institutions & corporate shareholders | 7,839,881 | 21.96% |
| Minority shareholders | 7,559,306 | 21.17% |
| Foreigners | 1,003,783 | 2.81% |
| Total | 35,700,000 | 100.00% |
| Shareholder proposal right | Shareholder proposal right refers to the right of minority shareholders to make a proposal to adopt certain matters as an agenda and bill at the general meeting of shareholders. |
|---|---|
| Shareholders entitled to have a proposal right |
According to the Commercial Act, shareholders who hold 0.5% of the total number of issued stocks, except non-voting stocks, for six consecutive months are allowed to exercise their shareholder proposal rights. |
| How to exercise the right | Shareholders who wish to exercise the proposal right shall make a proposal a certain matter for the agenda of general meeting in writing to the director (CEO) six weeks prior to the general meeting date and may request to include the main topic raised by the shareholder in the notice for general meeting or announcement. |
| Effect of shareholder proposal right |
Directors who have received the shareholder proposal right shall report it to the board of directors, and the board of directors shall take this as the purpose of the general meeting except in the event of violation of the law or articles, and the proposing shareholder shall be given an opportunity to explain the bill at the general meeting if requested. |
| How to exercise the right to vote |
The right to vote at the general meeting of shareholders can be exercised by a) attending the meeting in person, b) exercising the right by proxy through the proxy statement. Cumulative voting is not adopted for written voting and the appointment of two or more directors. |