The company is conscientious and places importance on the fundamental rights of shareholders, refraining from any actions that violate or encroach upon their rights. Additionally, the company promotes the shareholders’ exercise of their rights, such as the right to buy, sell, transfer securities held, the right to receive dividends from the company, the right to adequate information, rights in shareholder meetings, rights to express opinions, and rights to participate in decision-making on important matters of the company. These include allocation of profit, appointment or removal of directors, appointment of auditors, approval of significant transactions affecting the direction of the company’s business, and amendment of the company’s articles of association and regulations, among others.
The company must convene shareholder meetings as annual general meetings within 4 months from the end of the company’s fiscal year. It is also required to prepare notices specifying the venue, date, time, agenda, and details of matters to be presented at the meeting, clearly indicating whether they are for information, approval, or consideration, as appropriate. This includes the opinions of the board of directors on these matters. Notices must be sent to shareholders and the registrar no less than 7 days before the meeting, and the meeting must be advertised in a newspaper at least 3 consecutive days prior to the meeting date. Each agenda item will include the board’s opinion, and this information will be published on the company’s website to allow shareholders sufficient time to review the information before the meeting.
The company supports the participation of the company’s board of directors, executives, relevant departments, and auditors in shareholder meetings concurrently.
In cases where shareholders are unable to attend the meeting in person, the company allows them to authorize any independent director or person of their choice to attend the meeting on their behalf. This authorization can be done through a proxy form which the company sends along with the meeting notice.
During the meetings, shareholders are afforded equal opportunity to express opinions, provide recommendations, or pose questions on each agenda item freely. Prior to any resolution, shareholders may freely participate in discussions. The meetings will include directors and relevant executives who will be present to respond to queries raised during the meeting. Additionally, significant questions and comments will be recorded in the meeting minutes for shareholders’ review.
During the election of directors, shareholders are given the opportunity to cast their votes to elect directors individually. Shareholders have the right to choose representatives whom they deem qualified to serve as directors to safeguard and uphold their own interests. This diversity ensures genuine representation of shareholders’ interests.
