Last checked at 20 Feb 2024 07:00
[English Translation]
The Convening Notice of 56th Annual General Meeting
The Annual General Meeting of Shareholders("AGM") of Hyundai Motor Company (the "Company") will be held pursuant to Article 365 of the Korean Commercial Act and Article 14 of the Articles of Incorporation of the Company.
1. Date : March 21, 2024 (Thursday) 09:00 AM
2. Place : Grand Hall, 2nd Floor of West Building, Head office of Hyundai Motor Company
12 Heolleung-ro, Seocho-gu, Seoul, Korea (T : 82-2-3464-1114)
3. Purposes of the Meeting
Independent Auditor's Report, Business Report, Operational Status of Internal Accounting Control System Report, Sustainability Management Committee Report
1 : Approval of the Financial Statements for the 56th Fiscal Year
(1/1/2023 ~ 12/31/2023)
2 : Appointment of Director(s)
2-1 : Appointment of Independent Director
2-2 : Appointment of Internal Directors
3 : Appointment of Independent Director to be an Audit Committee Member
4 : Appointment of Audit Committee Member
5 : Approval of Ceiling Amount of Compensation for Directors
4. Matters regarding the Exercise of Voting Rights
- In-person : An identification
- Proxy : A power of attorney (with information of the relevant shareholder and the person with the power of attorney filled in, and duly executed and sealed), and an identification of the agent.
* Voting right can be exercised by the Company, in case shareholder would like to exercise it by
proxy and send power of attorney which can be found on the Company's website
(www.hyundai.com) to the Company by mail.
(address : 12 Heolleung-ro, Seocho-gu, Seoul, Korea (postal code : 06797),
Securities Finance Team of the Company)
5. Matters regarding the Exercise of Voting Rights by Electronic Means
In accordance with Article 368-4 of Korean Commercial Act, the Company has determined to allow the exercise of shareholders' voting rights by electronic means, and the overall management of electronic voting system will be consigned to Korea Securities Depository. Shareholders may exercise their voting rights through electronic means, without physical attendance, by referring to the following methods.
- Electronic Voting Website : https://evote.ksd.or.kr / Mobile : https://evote.ksd.or.kr/m
- Voting Period : March 11, 2024 to March 20, 2024
* You may access the voting website 24 hours a day (from 9 AM for the first day until 5 PM of the last day)
- If amendment motion on agendas presented at the AGM is submitted, electronic votes will automatically be abstained.
February 20, 2024
Hyundai Motor Company
Representative Director, Jaehoon Chang
(Seal omitted)
Item 1: Approval of the Financial Statements for the 56th Fiscal Year
* Please refer to the financial statements for the 56th fiscal year, including auditor's opinion from the designated independent auditor, which is planned to be disclosed on March 6th, 2024 in KRX and on March 8th, 2024 on the Company's website.
Item 2: Appointment of Director(s)
l Item 2-1 : Appointment of Independent Director
*Nominee (1 person)
Name | Date of birth | Term | Newly Elected/ Re-Elected | Major Career | Other corporation as Directors (position) |
Dal Hoon Shim | June, 1959 | 3 years | Re-Elected | [Current] · Representative of Woorin Tax Partners [Former] · Head of NTS Jungbu Regional Office | Samhwa Paint Industrial Co., Ltd. |
l Item 2-2 : Appointment of Internal Directors
*Nominees (2 persons)
Name | Date of birth | Term | Newly Elected/ Re-Elected | Major Career |
Jaehoon Chang | August, 1964 | 3 years | Re-Elected | [Current] · CEO & President of the Company [Former] · CEO & President, Head of Genesis Division of the Company · CEO & President, Head of Genesis Division and Commercial Vehicle Business Division of the Company · Executive Vice President/President, People & Business Operation Support Division, Korea Business Division, and Genesis Division of the Company |
Dong Seok Lee | January, 1964 | 3 years | Re-Elected | [Current] · CEO, President & CSO, Domestic Productions of the Company [Former] · CEO, Executive Vice President & CSO, Domestic Productions of the Company · Executive Vice President, Production Support Division of the Company |
Seung Jo Lee | November,1969 | 2 years | Newly Elected * To fill a vacancy | [Current] · Senior Vice President, Planning & Finance Division of the Company [Former] · Vice President, Finance & Accounting Sub-Division of the Company · Vice President, Corporate Audit Team 2 of the Company · Vice President, Financial Management Group of the Company |
Item 3: Appointment of Independent Director to be an Audit Committee Member
*Nominee (1 person)
Name | Date of birth | Term | Newly Elected/ Re-Elected | Major Career | Other corporation as Directors (position) |
Ji Yun Lee | September, 1974 | 3 years | Re-Elected | [Current] · Professor of Aerospace Engineering at KAIST · Director of the Korean Navigation Institute, the Institute of Positioning, Navigation, and Timing and the Korean Society for Aeronautical and Space Sciences [Former] · Director of American Society of Navigation | - |
Item 4: Appointment of Audit Committee Member
*Nominee (1 person)
Name | Date of birth | Term | Newly Elected/ Re-Elected | Independent Director | Major Career |
Dal Hoon Shim | June, 1959 | 3 years | Re-Elected | Independent Director to be an Audit Committee Member | [Current] · Representative of Woorin Tax Partners [Former] · Head of NTS Jungbu Regional Office |
Item 5: Approval of Ceiling Amount of Compensation for Directors
Year | Number of BOD | Ceiling Amount |
2024 | 12 persons | 21.8 billion Korean Won |