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 | 54,493,240 | 20,441,121 | 34,052,119 | 86.2% |
[ Unit: No. of shares, % ]
| Agenda | Resolution types | Purpose of item | Based on attendance | |||
|---|---|---|---|---|---|---|
| For | Against & Withdrawals | |||||
| Item 1 | General | Approval of the 64th financial statements | 54,058,555 | 99.25%434,685 | 0.75% | |
| Item 2-1 | General | Designation of an outside director (Sung-kyu Park) | 54,276,451 | 99.60% | 216,789 | 0.40% |
| Item 2-2 | General | Designation of an outside director (Jong-yang Kim) | 54,361,711 | 99.80% | 131,529 | 0.20% |
| Item 2-3 | General | Designation of an outside director (Young-ki Kim) | 54,362,045 | 99.80% | 131,195 | 0.20% |
| Item 3-1 (*see note) | General | Designation of an Audit Committee member (Chan-woo Kang) | 13,784,669 | 99.10% | 40,708,571 | 0.90% |
| Item 3-2 (*see note) | General | Designation of an Audit Committee member (Jong-yang Kim) | 13,784,659 | 99.10% | 40,708,581 | 0.90% |
| Item 3-3 (*see note) | General | Designation of an Audit Committee member (Young-ki Kim) | 13,784,993 | 99.10% | 40,708,247 | 0.90% |
| Item 4 | General | Approval of remuneration limit of directors | 50,513,060 | 92.70% | 3,980,180 | 7.30% |
| Item 5 | General | Approval of remuneration limit of directors | 54,228,731 | 99.50% | 264,509 | 0.50% |
(* 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 |
|---|---|---|---|
| 64th Regular GSM (Mar. 19, 2020) |
Item 1: Approval of financial statements | Approved. Cash dividend KRW 250 per share for major shareholders Other general stockholders- KRW 650 per share |
|
| Item 2: Appointment of directors | Approved. - Seong-kyu Park (executive director) - Jong-yang Kim (outside director) - Young-ki Kim (outside director) |
Begins on Mar. 19, 2020 Begins on Mar. 19, 2020 Begins on Mar. 24, 2020 (*1) |
|
| Item 3: Appointment of a member of the Audit Committee | Approved. - Chan-woo Kang (outside director) - Jong-yang Kim (outside director) - Young-ki Kim (outside director) |
Begins on Mar. 19, 2021 Begins on Mar. 19, 2021 Term in office begins on Mar. 24, 2020 (*1) |
|
| Item 4: Approval of remuneration limit of directors | Approved. (KRW 50 mil) | ||
| Item 5: Approval of remuneration limit of auditors | Approved. (KRW 30 mil) | Remuneration for the remainder of the full-time auditor's term (*2) |
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.