Orion Holdings is leaping and bounding with substantial growth.
Alongside our shareholders, we will create greater corporate value.
Voting System
Orion has not adopted a cumulative voting system nor a paper voting system.
We have decided to introduce our e-voting system starting with Annual Shareholders Meeting convened on Mar. 29, 2019 according to Article 368-4 of the Commercial Act and entrusted the Korea Securities Depository to manage and administer this system.
Orion shareholders can exercise their voting rights using the e-voting system.
Shareholders can verify their identity directly with the shareholder verification certificate to exercise their voting rights using the e-voting system.
Annual Shareholders Meeting Details
[ Unit: No. of shares, % ]
| Total shares issued (outstanding) | No. of voting shares | No. of shareholders present | Major shareholders(Hwa-kyung Lee) | Other shareholders | Attendance |
|---|---|---|---|---|---|
| 62,645,422 | 60,156,653 | 50,404,766 | 20,441,121 | 29,963,645 | 83.79% |
(*Note) Attendance rate excluding the largest shareholder and related parties: 17.3%
[ Unit: No. of shares, % ]
| Agenda | Resolution types | Purpose of item | Based on attendance | |||
|---|---|---|---|---|---|---|
| For | Against & Withdrawals | |||||
| Item 1 | General | Approval of the 68th financial statements and consolidated financial statements | 49,811,600 | 98.82% | 593,166 | 1.18% |
| Item 2 | Special | Approval of partial revisions in the Articles of Incorporation | 50,234,009 | 99.66% | 170,757 | 0.34% |
| Item 3-1 | General | Designation of an executive director (Inn-Chul Hur) | 49,678,124 | 98.56% | 726,642 | 1.44% |
| Item 3-2 | General | Designation of an independent non-executive director (Yong-Gi Kim) | 50,145,192 | 99.49% | 259,574 | 0.51% |
| Item 3-3 | General | Designation of an independent non-executive director (Jong-Yang Kim) | 50,098,263 | 99.39% | 306,503 | 0.61% |
| Item 4-1 (*see note) | General | Designation of an Audit Committee member (Yong-Gi Kim) | 13,064,136 | 98.07% | 257,574 | 1.93% |
| Item 4-2 (*see note) | General | Designation of an Audit Committee member (Jong-Yang Kim) | 13,044,854 | 97.92% | 276,856 | 2.08% |
| Item 5 | General | Approval of remuneration limit of directors | 46,428,269 | 92.11% | 3,976,497 | 7.89% |
(*See note) This reflects Article 542-12 (related parties & relevant voting rights is limited to 3% or less when appointing members of the Audit Committee) of the Commercial Act.
| Date of the Annual Shareholders Meeting | Agenda | Resolutions | Notes |
|---|---|---|---|
| 68th Regular GSM (Mar. 21st, 2024) |
Item 1: Approval of the 68th financial statements (Jan. 1- Dec. 31, 2023) | Approved | - |
| Item 2 : Revision of the Articles of Incorporation | Approved | - | |
| Item 3: Appointment of a director | Approved - Inn-Chul Hur (executive director) - Yong-Gi Kim (independent non-executive director) - Jong-Yang Kim (independent non-executive director) |
Appointed as of Mar 21st, 2024 | |
| Item 4: Appointment of a member of the Audit Committee | Approved - Yong-Gi Kim (member of the Audit Committee) - Jong-Yang Kim (member of the Audit Committee) |
- | |
| Item 5: Approval of remuneration limit of directors | Approved.(KRW 5 billion) | - |
Right to Propose Agenda Items
The Company ensures the following shareholder rights stipulated under the Commercial Act to gather and reflect the opinions of minority shareholders
In accordance with Article 542-6 of the Commercial Act, shareholders who have continuously held at least 1.5% of the total issued shares, excluding non-voting shares, for at least six months may request the convening of an extraordinary general meeting of shareholders.
In accordance with Article 542-6 of the Commercial Act, shareholders who have continuously held at least 1% of the total issued shares, excluding non-voting shares, for at least six months may propose agenda items for the general meeting of shareholders in writing or via electronic documents no later than six weeks before the date of the annual general meeting.
Pursuant to Article 363-2 of the Commercial Act, the Board of Directors must include the proposed agenda items in the notice of the general meeting of shareholders as meeting agenda, unless the proposals violate laws, the Articles of Incorporation, or fall under the grounds for rejection specified in Article 12 of the Enforcement Decree of the Commercial Act. If requested by the proposing shareholder, the key details of the proposed agenda items will also be included in the notice of the meeting. Furthermore, an opportunity will be provided at the general meeting of shareholders to explain the proposed agenda items.