[Infostock Daily= Reporter Song Jeong-hoon] Samsung C&T decided to incinerate its own company shares to enhance shareholder value.
In addition, we decided to appoint a new outside director to strengthen the diversity and expertise of the board.
Samsung C&T said it decided on the agenda at the shareholders' meeting held at the Global Engineering Center in Gangdong-gu, Seoul on the 20th.
Samsung C&T has decided to incinerate 2.8 million shares of its own company worth 300 billion won on the 24th of next month to raise shareholder value.
Samsung C&T also established a three-year dividend policy between 2020 to 2022, which gradually raises within 60-70% of dividend income.
Samsung Electronics and other affiliates' stable dividend income reflects the management conditions every year with financial resources.
At the shareholders' meeting, Samsung C & T has newly appointed three outside directors, including female outside director Janice Lee, an accounting and financial expert, outside director Chung Byung-seok, an employment and labor policy expert, and outside director Lee Sang-seung, an expert on fair trade and corporate governance.
Reporter Song Jeong-hoon boxr@infostock.co.kr
