Samsung to cut 30 million pieces of mail at shareholders’ meeting to strengthen ESG 

On February 16, Samsung has decided to excessively reduce the volume of mails sent to shareholders during the 53rd Annual General Meeting of Shareholders next month March 16th.

The company did not send a notice of conference and communications to shareholders this year by mail to shareholders almost two weeks before the general meeting of shareholders changes.

However, in view of the fact that it may be difficult for some shareholders to verify the electronic declaration, a short notice of attendance at the general meeting and the general meeting management will be sent.

Samsung Annual General Meeting Decision

Under the Commercial Act, convocation notices to less than 1% of shareholders can be replaced by electronic notices, but so far, Samsung Electronics has been sending mail and electronic notices simultaneously.

Nevertheless, Samsung has decided to reduce the volume of mail for ESG management, taking into account environmental issues due to the overuse of paper and the delivery of information online. This postal reduction could save nearly 30 million papers, with an estimated impact of saving 3,000 30-year logs.

Samsung Electronics will hold a general shareholders’ meeting on the 16th of next month at the Suwon Convention Center in Gyeonggi Province to discuss issues such as approval of financial statements, the appointment of directors outside and inside, the appointment of members of the Audit Committee, and approval of Director Remuneration.