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:
Related disclosure
- Public Notice on the Exercise of Minority Shareholders' Rights (September 29, 2020)
Main contents of the minority shareholders' rights exercised
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")
Date of receipt of the proposal: Tuesday, September 29, 2020
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)
Main contents of the proposal: Appointment of non-executive directors (two candidates proposed)
3. Response to the proposal
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.
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.
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
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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
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