NAVER Wraps Up 25th Annual Shareholders’ Meeting with Unanimous Approval of All 6 Agenda Items
NAVER Wraps Up 25th Annual Shareholders’ Meeting with Unanimous Approval of All 6 Agenda Items
NAVER Wraps Up 25th Annual Shareholders’ Meeting with Unanimous Approval of All 6 Agenda Items
March 26, 2024
NAVER Corporation (CEO Choi Soo-yeon) reported that its 25th Annual General Meeting took place on March 26 at NAVER 1784, located in Bundang, Seongnam-si, Gyeonggi-do. During the meeting, all presented agenda items, including the approval of financial statements, the nomination of external directors, and changes to the articles of incorporation, received approval.
At the meeting, a total of six agenda items were discussed: the approval of the financial statements for the 25th term (year 2023), amendments to the articles of incorporation, the appointment of external directors to become audit committee members, the appointment of external directors, the appointment of audit committee members, and the approval of the directors’ remuneration limit.
The approved modifications to the articles of incorporation encompassed updates on how audit committee members are appointed as per the amended Commercial Act (Item 2-1), refinements to the rules governing the setting of dividend record dates (Item 2-2), and new general guidelines for issuing bonds (Item 2-3). The articles of incorporation have been amended to determine the dividend record date, which will be disclosed two weeks beforehand, thereby improving dividend predictability for investors. Moreover, the changes allow the board to authorize the CEO to decide on bond issuances for one year, facilitating more market-responsive bond offerings.
Furthermore, the appointment of new external directors and audit committee members, including Byun Jae-sang, advisor at Mirae Asset Life Insurance, and Samuel Rhee, CEO of Endowus, was confirmed, with all agenda items proposed at the shareholders’ meeting passing.
NAVER CEO Choi Soo-yeon remarked, “In 2023, we enhanced the competitive edge of our core businesses and pursued growth opportunities, emphasizing both expansion and cost-effectiveness in every division. We’re grateful for our shareholders’ trust and backing during tough periods, and we’ll keep their interests at the forefront while boosting our competitive strength this year.”
