BOD authorization of management decisions

29 Jan 2010 08:57



BOD Authorization of Management Decisions

On January 29, 2010, the BOD of Samsung Electronics authorized the following management decisions. 

1. Year-end Cash Dividend of FY 2009

On January 29, 2010, the BOD of Samsung Electronics authorized the cash dividend plan.

1. Dividend per share (Dividend yield)

- Common shares: KRW 7,500 (1.0%)

- Preferred shares: KRW 7,550 (1.5%)

- Total payout: KRW 1.11 trillion 

2. Record date: December 31, 2009

3. Dividend payment date: Within one month after approval at the Annual General Shareholders' Meeting.

2. Appointment of Representative Director

On January 29, 2010, the BOD of Samsung Electronics appointed CEO and President Geesung Choi, for representative director of Samsung Electronics. With this appointment Mr. Yoonwoo Lee and Mr. Geesung Choi are the representative directors of Samsung Electronics.

3. Equipment sales to Samsung SDS

On January 29, 2010, the BOD of Samsung Electronics authorized the sales of IT equipment to its affiliate, Samsung SDS. 

▫ Details

- Contract amount: KRW 20.8 billion 

- Expected contract date: During the February of 2010 

4. Outside Director Recommendation Committee Meeting

On January 29, 2010, the outside director recommendation committee decided to hold a meeting on February 23, 2010 to determine outside director nominee(s).