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Resolution of the Annual General Meeting of Shareholders(AGM)

2011.03.11 No. 687
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange



Disclosure date :  March 11, 2011

1.                 Approval of the financial statements of the 43rd business year : 
(unit: million KRW)

Total assets

41,067,680

Sales

36,769,426

Total liabilities

13,720,878

Operating income

3,226,617

Capital stock

1,488,993

Net income

5,266,971

Total shareholders’ Equity

27,346,802

*Earnings per 

 share

KRW 19,409

* Opinion of outside auditor :  Unqualified


2.    Details of dividends:
1)                 Dividends per share : 
Common shares              KRW 1,500
Series 1 preferred shares  KRW 1,550
Series 2 preferred shares  KRW 1,600
Series 3 preferred shares  KRW 1,550
2)                 Total cash dividends :  KRW 412,227,000,000
3)                 Dividend ratio to market value : 
Common Shares                    0.8%
Series 1 preferred Shares     2.5%
Series 2 preferred shares     2.4%
Series 3 preferred shares     2.7




3.                 Current status of directors and audit committee (as of appointment date) :
1)                 Appointees : 
- Internal Directors : total 2 persons
- External Directors : total 2 persons
2)                 Total number of registered directors after appointment :  9
3)                 Total number of external directors after appointment :  5
4)                 Percentage of external directors appointed:  55.6%
5)                 Total number of audit committee members after appointment :  4
(all members of the audit committee are external directors)


4.                 Other resolutions :
1)                 Agenda 1 - Approval of the Financial Statements of 43rd Business Year (From 01/01/2010 to 12/31/2010) as was originally proposed.
2)                 Agenda 2 - Approval of ‘Appointment of Directors’ as was originally proposed (Internal Directors : 2 persons / External Directors : 2 Persons)
3)                 Agenda 3 - Approval of ‘External Director who is an Audit Committee Member’ as was originally proposed (1 persons).
4)                 Agenda 4 – Approval of ‘Amendment to the Articles of Incorporation’ as was originally proposed
5)                 Agenda 5 – Approval of ‘Limit on Remuneration for Board of Directors’ as was originally proposed.


5.    Date of AGM :  March 11, 2011


6.    Others : 
- The total cash dividends amount in line 2-2) has been rounded up to nearest KRW million.
- Relevant Disclosure : Jan 27, 2011 “Calling of Annual General Meeting of Shareholders”  /  Feb 18, 2011 “Convening notice for the Annual General Meeting of shareholders for the 43rd fiscal year”

*Details on Appointment of Internal Directors

Name

DOB

Length of Term

Prior term?

Major

Career

Current

Title

Educational

background

Nation-ality

Mong-Koo Chung

Mar. 19,

1938

3 yrs

Yes

Chairman of the Korean Standards Association

Chairman of HMC

Hanyang University

Republic of Korea

Eok-Jo Kim

Oct. 15, 1950

1 yr

No

President of Hyundai Motor Manufacturing Czech

President of HMC

Seoul National University , Department of Industry Education

Republic of Korea





*Details on Appointment of External Directors

Name

DOB

Length of Term

Prior term?

Major

Career

Current

Title

Educational

background

Nation

ality

Se-Bin Oh

Mar. 17, 1950

3 yrs

No

President of Seoul High Court

Lawyer, Dongin Law Group

Seoul National University , Master in Law

Republic of Korea

You-Jae Yi

Jul. 15, 1960

2 yrs

No

President of the Korean Marketing Association

Professor of Business Administration, Seoul National University

Stanford University , Business Administration

Republic of Korea




*Details on Appointment of Audit Committee members

Name

DOB

Length of Term

Prior term?

External Director

Major

Career

Current

Title

Educational

background

Nationality

Se-Bin Oh

Mar. 17, 1950

3 yrs

No

Audit Committee Member & External Director

President of Seoul High Court

Lawyer, Dongin Law Group

Seoul National University , Master in Law

Republic

of Korea

*Details on Amendment to Business Purpose of the Articles of Incorporation

Amendment

Contents

Purpose of amendment

1. Addition of Business purpose

(29) To engage in development and sales of resources in overseas

To procure related natural resources for managing development of eco-friendly cars and others

2. Deletion of Business purpose

(25) To engage in irregular air transportation and aircraft use business and aircraft handling and maintenance business

 

(26) To sell aircraft and component parts thereof

Deletion of Business Purpose


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