Results of Annual General Meeting of Shareholders
1. Approval of financial statements
(Unit: KRW million)
Fiscal Year 2006 | ||||||||||||
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Total assets | 2,854,445 | Revenue | 1,723,346 | |||||||||
Total liabilities | 1,361,279 | Operating profit | 30,843 | |||||||||
Paid-in capital | 1,161,229 | Net income | -86,047 | |||||||||
Total shareholders’ equity | 1,493,166 | EPS (KRW) | -371 | |||||||||
Opinion of external auditors | Unqualified | |||||||||||
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2. Resolution on dividend payout: N/A
3. Status of the designation of officers (as of the appointment date)
A. | Number of outside directors after appointment |
Total number of directors: 10
Total number of outside directors: 6
Proportion of outside directors: 60%
B. | Number of Audit Committee members after appointment |
Audit Committee members who are outside directors: 2
Audit Committee members who are not outside directors: 1
4. Resolutions
A. | Agendum 1 : Approval of the Financial Statements for 2006 |
è Approved as proposed |
B. | Agendum 2 : Appointment of an Outside Director |
è Approved as proposed |
C. | Agendum 3 : Approval of the Ceiling Amount of Compensation for Directors for 2007 |
è Approved as proposed |
The ceiling amount of compensation for directors : KRW 2 billion
D. | Agendum 4 : Approval of Grant of Stock Option Rights |
è Approved as proposed |
A total of 2,294,400 shares to be granted to 369 officers and employees
5. Date of shareholders’ meeting
March 23, 2007
[Newly Appointed Outside Director]
Name | Date of birth | Term of office | Career | Present position | Nationality | |||||
Varun Bery (reappointed) | Sep. 27, 1958 | 3 years | Asian Infrastructure Fund (AIF), Director McKinsey consultant Harvard University (MBA) | TVG Capital Partners Ltd., Managing Director | USA | |||||