Individual shareholders of Samsung Electronics Co. attend the company’s annual shareholders’ meeting at a convention center in Suwon, south of Seoul, on March 18, 2020. (Yonhap)
SEOUL, Feb. 18 (Korea Bizwire) — With the season of general shareholder meetings coming close at hand, an increasing number of South Korean listed companies are attempting to introduce the electronic voting system while holding such meetings in both online and offline formats.
Samsung Electronics Co. is scheduled to host its regular shareholder meeting at the Suwon Convention Center in Suwon, Gyeonggi province on March 17.
The company’s shareholders don’t have to take pains to visit the venue on the day. Just like last year, they can cast votes in advance through an electronic voting system provided by the Korea Securities Depository (KSD).
LG Group’s 13 listed subsidiaries are also set to introduce electronic voting systems at their shareholder meetings this year.
According to the KSD, the number of listed companies that used its electronic voting and power of attorney services during last year’s regular shareholder meetings stood at 659, up 17.1 percent from 563 a year ago.
In particular, since it became difficult to host regular shareholder meetings last year due to the spread of the coronavirus, a substantial number of listed companies started using the electronic voting system.
The number of listed companies that are adopting online-based shareholder meetings is also increasing. To offer more convenience to its shareholders, Samsung decided to broadcast its general meeting of shareholders live via an online channel.
J. S. Shin (js_shin@koreabizwire.com)
