Last checked at 24 Mar 2023 07:00
[English Translation]
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Result of the 55th Annual General Meeting
1. Approval of the Financial Statements of the 55th Fiscal Year - Approved
Financial Statements - Approved
(Unit: M KRW) | Consolidated | Separate |
Auditor's Opinion | Unqualified | Unqualified |
Asset | 255,742,462 | 83,412,349 |
Liability | 164,845,917 | 27,656,534 |
Equity | 90,896,545 | 55,755,815 |
Revenue | 142,527,535 | 65,308,350 |
Operating Income | 9,819,769 | 2,828,569 |
Net Income | 7,983,614 | 3,701,958 |
EPS | 28,521 | 14,328 |
Dividend - Approved
(Unit : KRW) | Common Stock | 2 Preferred Stock | |
Cash Dividend | Year-end Dividend | 6,000 | 6,100 |
Interim Dividend | 1,000 | 1,000 | |
Total Dividend Amount | 1,830,356,000,000 | ||
2. Partial Amendments to the Articles of Incorporation - Approved
Agenda | Article |
2-1) Amendment and addition to business purpose of the Company | Article 2. Business Purpose (Amended) |
2-2) Implementation of the Electronic Securities System | Article 13. Record Date (Amended) |
2-3) Improvement of Governance | Article 17. Quorum and Method of Resolution (Paragraph (4) - Deleted) |
2-4) Increasing the number of Directors | Article 22. Number and Method of Election of Directors (Amended) |
2-5) Amendment to Severance allowance policy for Directors | Article 27. Remuneration for Directors (Amended) |
2-6) Implementation of improved Dividend Procedure | Article 37. Payment of Dividends (Amended) |
2-7) Addenda | Addendum (2023.3.23) Article 1. Effective Date (Newly Established) |
3. Appointment of Directors
Agenda 3-1 : Appointment of Outside Directors (Approved)
Name | Date of birth | Major Career | Newly Elected/ Re-Elected | Term |
Seung-Hwa Chang | June, 1963 | [Current] · Professor at Seoul National University School of Law / Graduate School of Law · Arbitrator of the International Court of Arbitration (ICC) [Former] · Chairman of Trade Commission, Ministry of Trade, Industry and Energy | Newly Elected | 3 Years |
Yoon-Hee Choi | April, 1964 | [Current] · Professor at Konkuk University Graduate School of Law [Former] · Member of the National Election Commission · Judge of the National Labor Relations Commission (NLRC) | Newly Elected | 3 Years |
Agenda 3-2 : Appointment of Internal Directors (Approved)
Name | Date of birth | Major Career | Newly Elected/ Re-Elected | Term |
Jose Munoz | June, 1965 | [Current] · Global COO(Chief Operating Officer), HMC and President and CEO, Hyundai and Genesis Motor North America [Former] · Chief Performance Officer and Chairman China, Nissan · Chief Performance Officer and Chairman North America, Nissan · Executive Vice President (EVP), Chairman of Management Committee, North America, Nissan | Newly Elected | 3 Years |
Gang Hyun Seo | January, 1968 | [Current] · EVP, Finance & Accounting Division of HMC and Business Strategy Planning Division of HMC [Former] · Senior Vice President, Finance & Accounting Division of Hyundai Steel · Direct and Vice President, Accounting Management Group of HMC · Director, Business Management Group of HMC | Re-Elected | 3 Years |
4. Appointment of Audit Committee Member - Approved
Name | Date of birth | Major Career | Newly Elected/ Re-Elected | Term |
Seung-Hwa Chang | June, 1963 | [Current] · Professor at Seoul National University School of Law / Graduate School of Law · Arbitrator of the International Court of Arbitration (ICC) [Former] · Chairman of Trade Commission, Ministry of Trade, Industry and Energy | Newly Elected | 3 Years |
5. Approval of Ceiling Amount of Compensation for Directors - Approved
Year | Number of BOD | Ceiling Amount |
2023 | 13 persons | 20.0 billion Korean Won |