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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  KB Financial Group Inc.    A105560   KR7105560007

KB FINANCIAL GROUP INC.

(A105560)
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KB Financial : Public Notice on the Exercise of Minority Shareholders's Rights

10/22/2020 | 04:45am EST

Public Notice on the Exercise of Minority Shareholders' Rights

Pursuant to paragraph (2) of Article 41 of the Act on the Corporate Governance of Financial Companies, KB Financial Group Inc. ("KB Financial Group") hereby provides public notice on the exercise of rights by its minority shareholders as set forth below:

  1. Related disclosure
    - Public Notice on the Exercise of Minority Shareholders' Rights (September 29, 2020)
  2. Main contents of the minority shareholders' rights exercised
  1. Shareholders' rights to make proposals pursuant to Article 363-2 of the Commercial Code ("Shareholders' Rights to Make Proposals") and Article 33-1 of the Act on the Corporate Governance of Financial Companies ("Minority Shareholders' Rights")
  2. Date of receipt of the proposal: Tuesday, September 29, 2020
  3. Proposing shareholders: 7,871 shareholders including Jee Kang Ryu, the head of KB
    Financial Group's Employee Stock Ownership Association
    (Combined share ownership based on the shareholder registry as of the end of 2019:
    0.589% of the total number of outstanding shares with voting rights)
  4. Main contents of the proposal: Appointment of non-executive directors (two candidates proposed)

3. Response to the proposal

  1. After a review of applicable laws and discussions among members of the board of directors, KB Financial Group decided to adopt the entirety of the shareholders' proposal, as agenda items for the general meeting of shareholders.
  2. On October 22, 2020, the board of directors of KB Financial Group resolved to adopt the above proposal as agenda items for the extraordinary general meeting of shareholders scheduled to be held on November 20, 2020.
  3. Accordingly, the agenda items for KB Financial Group's extraordinary general meeting of shareholders are set forth as follows:
    Agendum 1. Appointment of an executive director
  • Executive director candidate: Mr. Jong Kyoo Yoon Agendum 2. Appointment of a non-standing director
  • Non-standingdirector candidate: Mr. Yin Hur

Agendum 3. Appointment of a non-executive director (proposed by Jee Kang Ryu, the head of KB Financial Group's Employee Stock Ownership Association, and others)

- Non-executive director candidate: Ms. Sun-Jin Yun

Agendum 4. Appointment of a non-executive director (proposed by Jee Kang Ryu, the head of KB Financial Group's Employee Stock Ownership Association, and others)

- Non-executive director candidate: Mr. Youngjae Ryu

4.

Details of the agenda items proposed by the shareholders

Date

Term of

Nominating

Name

of

Main Career (including current position)

Office

Entity

Birth

Director, Institute for Sustainable

Development, Seoul National University

(2019~Current)

Member, Fine Dust Policy Deliberation

Committee under the Prime Minister's Office

Shareholders'

(2019~Current)

proposal (by Jee Kang

Non-Standing Director, Korea Energy

Ryu, the head of KB

Sun-Jin Yun

Information Culture Agency (2018~Current)

March

Financial Group's

Member, Presidential Commission on Policy

(New

2 years

appointment)

1967

Planning (2017~Current)

Employee Stock

Professor, Graduate School of Environmental

Ownership

Studies, Seoul National University

Association, and

(2012~Current)

others)

President, the Korean Association for

Environmental Sociology (2018~2019)

Ph.D. in Environmental and Energy Policy,

University of Delaware

Date

Term of

Nominating

Name

of

Main Career (including current position)

Office

Entity

Birth

Steering Committee Member, Investment

Pool for Public Funds, Ministry of Economy

and Finance (2020~Current)

Chairman, Korean Corporate Governance

Forum (2020~Current)

Steering Committee Member, Korea

Investment Corporation (2019~Current)

Member, Financial Development Council

(Capital Market Division), Financial Services

Commission (2017~Current)

Director & Chairman of Steering Committee,

the Nanum Foundation, Korea Securities

Depositary (2015~Current)

Director & Head of the Research Institute,

Korea Sustainability Investing Forum

(2007~Current)

CEO, Sustinvest Co., Ltd. (2006~Current)

Adjunct Professor (Sustainability), Graduate

Shareholders'

School of Business, Inha University

proposal (by Jee Kang

(2019~2020)

Youngjae Ryu

Committee Member, National Pension

Ryu, the head of KB

March

Service, Ministry of Health and Welfare

Financial Group's

(New

2 years

1960

(2018)

Employee Stock

Appointment)

Member, the National Economic Advisory

Ownership

Council for the President (2017~2018)

Association, and

Honorary Professor, Finance MBA Program,

others)

Korea Advanced Institute of Science and

Technology (2017~2018)

Director, Korea Social Investment

Foundation (2013~2018)

Honorary Professor, Graduate School of

Business, Korea Advanced Institute of

Science and Technology (2013)

Senior Advisor, Hermes Investment

Management (London) (2012~2018)

Honorary Professor (Sustainability MBA),

Graduate School of Business, Inha University

(2011~2016)

Working Committee Member, the Win-Win

Index, Korea Commission for Corporate

Partnership (2011~2013)

Fundraising Committee Member, Community

Chest of Korea (2008~2012)

M.B.A., Ashridge Business School

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

KB Financial Group Inc. published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 08:44:03 UTC


© Publicnow 2020
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Sales 2020 12 310 B 11,2 B 11,2 B
Net income 2020 3 445 B 3,12 B 3,12 B
Net Debt 2020 - - -
P/E ratio 2020 5,24x
Yield 2020 4,77%
Capitalization 17 611 B 15 972 M 15 956 M
Capi. / Sales 2020 1 431x
Capi. / Sales 2021 1 384x
Nbr of Employees 25 428
Free-Float 92,5%
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KB Financial Group Inc. Technical Analysis Chart | A105560 | KR7105560007 | MarketScreener
Technical analysis trends KB FINANCIAL GROUP INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 55 336,00 KRW
Last Close Price 45 200,00 KRW
Spread / Highest target 41,6%
Spread / Average Target 22,4%
Spread / Lowest Target -4,87%
EPS Revisions
Managers and Directors
NameTitle
Jong-Kyoo Yoon Chairman & Chief Executive Officer
Ki-Hwan Kim Chief Financial Officer & Senior Executive VP
Woo-Yeol Lee Chief Information Technology Officer
Woo Yeul Lee Chief Information Technology Officer
B Solomon Stuart Independent Director
Sector and Competitors