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The Convening Notice of 49th Annual General Meeting
The Annual General Meeting of Shareholders of Hyundai Motor Company (the “Company”) will be held pursuant to Article 365 of the Korean Commercial Code and Article 14 of the Articles of Incorporation of the Company.
1. Date : March 17, 2017 (Friday) 09:00 AM
2. Place : Grand Hall, 2nd Floor 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
<Issues to report> Independent Auditor’s Report, Annual Report, Corporate Governance and Communication Committee Report
<Agenda>
Item 1 : Approval of financial statements for the 49th Fiscal Year (1/1/2016 ~ 12/31/2016)
Item 2 : Appointment of director(s)
- Item 2-1 : Appointment of Internal Director (1 person)
- Item 2-2 : Appointment of External Director (1 person)
Item 3 : Appointment of member(s) of Audit Committee (1 person)
Item 4 : Approval of director’s compensation cap
4. Matters regarding the Exercise of Voting Rights
<What to bring to the shareholders’ meeting>
- In-person : An invitation to the AGM and an identification
- Proxy : An invitation to the AGM, 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.
※ Korea Securities Depository cannot exercise the voting rights on behalf of shareholders. Therefore, shareholders do not need to notify an intention of exercising the voting rights to the Korea Securities Depository. As before, shareholders can directly exercise the voting rights by visiting the place or indirectly exercise the right by providing a power of attorney to proxy.
5. Other matters
For the 49th fiscal year, the Company expects to pay year-end cash dividend of KRW 3,000 for per share of common stock. (Series 1 Preferred Stock: KRW 3,050; Series 2 Preferred Stock: KRW 3,100; Series 3 Preferred Stock: KRW 3,050)
In accordance with Article 542 Section 4 of Korean Commercial Code, the reference for our business overview and agendas of AGM are located at the head office of the company, the Korea Stock Exchange and the office of Hanabank agency services for securities.
Hyundai Motor Company
Representative Director, Won Hee Lee
(Seal omitted)
Item 2: Appointment of Director(s)
● Item 2-1 : Appointment of Internal Director (1 person)
*Nominee (1 person)
Name |
Date of birth |
Major Career |
Transaction with the Company |
Relationship with Major Shareholder |
Recommended by |
||||
Chung, Mong Koo |
March, 1938 |
· Chairman of HMC (current) · Chairman of Korean Standards Association (former) |
None |
Director |
BOD1 |
● Item 2-2 : Appointment of External Director (1 person)
*Nominee (1 person)
Name |
Date of birth |
Major Career |
Transaction with the Company |
Relationship with Major Shareholder |
Recommended by |
||||
Choi, Eun Soo |
July, 1954 |
· Advisory lawyer of DR&AJU LLC (current) · Head of Daejeon High Court and Patent Court of Korea (former) |
None |
None |
EDCRC2 |
Item 3: Appointment of member(s) of Audit Committee
*Nominee (1 person)
Name |
Date of birth |
Major Career |
Transaction with the Company |
Relationship with Major Shareholder |
Recommended by |
||||
Choi, Eun Soo |
July, 1954 |
· Advisory lawyer of · Head of Daejeon |
None |
None |
BOD1 |
1. Board of Directors
2. External Director Candidate Recommendation Committee
Item 4: Approval of Compensation Cap for Directors
Year |
Number of BOD |
Compensation Cap |
2017 |
9 persons |
15 billion Korean Won |