▲ ⓒDong-A Socio Holdings
Dong-A Socio Holdings announced that it held the 74th regular general meeting of shareholders on the 29th.
At the general shareholders’ meeting, five agenda items were proposed, including approval of the 74th financial statements (including the statement of disposition of retained earnings (draft)) and consolidated financial statements, partial changes to the articles of incorporation, appointment of directors, appointment of members of the audit committee, and approval of the limit of remuneration for directors. passed as per
In the 74th business report, Dong-A Socio Holdings reported that its sales in 2021 were 881.9 billion won, up 12.6% from the previous quarter, and operating profit increased 21.6% to 61.6 billion won. After that, it was decided to approve the financial statements and consolidated financial statements, and to implement a cash dividend of 1,000 won per common share.
The method of convening shareholders’ meetings for minority shareholders has been revamped and the notice period for convocation of the board of directors has been extended. In addition, some changes to the articles of incorporation in accordance with the revision of the Commercial Act were approved.
As outside directors, Young-sam Keum, professor of pharmacy at Dongguk University, and Se-won Kwon, professor of business administration at Ewha Womans University, were newly appointed. In addition, outside director Kwon Se-won was newly appointed to the audit committee, which is made up of only outside directors.
Dong-A Socio Holdings consists of a majority of the board of directors, the internal decision-making body, to enhance transparency in the governance structure and shareholder value. In addition, the Audit Committee of the Evaluation and Compensation Committee, the Internal Transactions Committee, which is a committee within the BOD, is composed of all outside directors. The Outside Director Candidate Recommendation Committee consists of more than two-thirds of outside directors.
Dong-A Socio Holdings has been selected as an excellent disclosure corporation for the 2021 Corporate Governance Report by the Korea Exchange. In addition, ‘Cauldron’, the group’s sustainability report, won the grand prize at the ‘LACP Spotlight Award’ for two consecutive years.
“Dong-A Socio Holdings will operate its group company management system centered on financial goals and actively invest in discovering new growth engines,” said Jae-Hoon Jeong, vice president of the CEO and chairman of the general meeting of shareholders. We will increase productivity through a groundbreaking change in the method.”
“Dong-A Socio Holdings will reorganize the group safety management system in accordance with the enforcement of the Serious Disaster Punishment Act and establish a company-wide risk management system to further solidify the sustainability management system.”
