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Amorepacific

Corporate Governance

Details of Shareholders General Meeting

19th Annual General Meeting

  • Call for Convocation

    2025.02.06
  • Notification Date

    2025.02.20
  • Method of Notification to Shareholders on Shareholders General Meeting

    • Written notifications are sent to each shareholder two (2) weeks before the date of the Shareholders General Meeting, including the date, location, and the purpose of the meeting
    • Notification of convocation to shareholders who hold less than one hundredth of the total number of issued shares with voting rights shall be provided through Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service or Korea Exchange
  • Date of the Meeting

    9am. March 25, 2025
  • Whether the date of the meeting falls during the period when other general shareholders’ meetings are concentrated

    N/A
  • Location

    Amore Hall, 3F, Amorepacific Headquarters, 100, Hangang-daero, Yongsan-gu, Seoul
  • Number of Voting Rights in Attendance

    45,667,477 shares
  • Matters for Report and Resolution

    <Matters for Report>

    • Audit Report
    • Business Report
    • Management Status of Internal Accounting Control System

    <Matters for Resolution>

    • Agenda No. 1 Approval of the 19th Financial Statement
      (statement of appropriation of retained earnings included)
      and Consolidated Financial Statement
      (in favor) 97.9%, (against) 2.1%
      Approved
    • Agenda No. 2 Appointment of inside directors
      • Agenda No. 2-1 Appointment of independent director Hee-joon Ahn
        (in favor) 99.6%, (against) 0.5%
        Approved
      • Agenda No. 2-2 Appointment of independent director In-a Choe
        (in favor) 99.2%, (against) 0.8%
        Approved
      • Agenda No. 2-3 Appointment of independent director Tae-jin Park
        (in favor) 99.8%, (against) 0.2%
        Approved
      • Agenda No. 2-4 Appointment of independent director Eui-kyung Lee
        (in favor) 99.9%, (against) 0.1%
        Approved
    • Agenda No. 3 Appointment of auditors to the Audit Committee
      • Agenda No. 3-1 Appointment of auditor Hee-joon Ahn
        (in favor) 97.5%, (against) 2.5%
        Approved
      • Agenda No. 3-2 Appointment of auditor Tae-jin Park
        (in favor) 99.5%, (against) 0.5%
        Approved
    • Agenda No. 4 Approval of maximum remuneration for directors
      (in favor) 99.9%, (against) 0.1%
      Approved

18th Annual General Meeting

  • Call for Convocation

    2024.02.08
  • Notification Date

    2024.02.15
  • Method of Notification to Shareholders on Shareholders General Meeting

    • Written notifications are sent to each shareholder two (2) weeks before the date of the Shareholders General Meeting, including the date, location, and the purpose of the meeting
    • Notification of convocation to shareholders who hold less than one hundredth of the total number of issued shares with voting rights shall be provided through Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service or Korea Exchange
  • Date of the Meeting

    9am. March 15, 2024
  • Whether the date of the meeting falls during the period when other general shareholders’ meetings are concentrated

    N/A
  • Location

    Amore Hall, 3F, Amorepacific Headquarters, 100, Hangang-daero, Yongsan-gu, Seoul
  • Number of Voting Rights in Attendance

    46,549,718 shares
  • Matters for Report and Resolution

    <Matters for Report>

    • Audit Report
    • Business Report
    • Management Status of Internal Accounting Control System

    <Matters for Resolution>

    • Agenda No. 1 Approval of the 18th Financial Statement
      (statement of appropriation of retained earnings included)
      and Consolidated Financial Statement
      (in favor) 97.5%, (against) 2.5%
      Approved
    • Agenda No. 2 Changes to the Articles of Incorporation
      (in favor) 99.9%, (against) 0.0%
      Approved
    • Agenda No. 3 Appointment of inside directors
      • Agenda No. 3-1 Appointment of Kyungbae Suh as an Internal Director
        (in favor) 88.1%, (against) 11.9%
        Approved
      • Agenda No. 3-2 Appointment of Internal Director Jiyoun Lee
        (in favor) 99.0%, (against) 1.0%
        Approved
    • Agenda No. 4 Appointment of independent director Seong Jin Jo
      to serve as audit committee members
      (in favor) 97.4%, (against) 2.6%
      Approved
    • Agenda No. 5 Approval of maximum remuneration for directors
      (in favor) 99.8%, (against) 0.2%
      Approved

17th Annual General Meeting

  • Call for Convocation

    2023.02.14
  • Notification Date

    2023.02.16
  • Method of Notification to Shareholders on Shareholders General Meeting

    • Written notifications are sent to each shareholder two (2) weeks before the date of the Shareholders General Meeting, including the date, location, and the purpose of the meeting
    • Notification of convocation to shareholders who hold less than one hundredth of the total number of issued shares with voting rights shall be provided through Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service or Korea Exchange
  • Date of the Meeting

    9am. March 17, 2023
  • Whether the date of the meeting falls during the period when other general shareholders’ meetings are concentrated

    N/A
  • Location

    Amore Hall, 3F, Amorepacific Headquarters, 100, Hangang-daero, Yongsan-gu, Seoul
  • Number of Voting Rights in Attendance

    46,258,898 shares
  • Matters for Report and Resolution

    <Matters for Report>

    • Audit Report
    • Business Report
    • Management Status of Internal Accounting Control System

    <Matters for Resolution>

    • Agenda No. 1 Approval of the 17th Financial Statement
      (statement of appropriation of retained earnings included)
      and Consolidated Financial Statement
      (in favor) 96.7%, (against) 3.3%
      Approved
    • Agenda No. 2 Appointment of inside directors
      • Agenda No. 2-1 Appointment of independent director Jae Yeon Lee
        (in favor) 99.9%, (against) 0.1%
        Approved
      • Agenda No. 2-2 Appointment of Internal Director Seunghwan Kim
        (in favor) 90.0%, (against) 10.0%
        Approved
      • Agenda No. 2-3 Appointment of Internal Director Jong Mahn Park
        (in favor) 99.5%, (against) 0.5%
        Approved
    • Agenda No. 3 Approval of maximum remuneration for directors
      (in favor) 90.2%, (against) 9.8%
      Approved

16th Annual General Meeting

  • Call for Convocation

    23 February 2022
  • Notification Date

    23 February 2022
  • Method of Notification to Shareholders on Shareholders General Meeting

    • Written notifications are sent to each shareholder two (2) weeks before the date of the Shareholders General Meeting, including the date, location, and the purpose of the meeting
    • Notification of convocation to shareholders who hold less than one hundredth of the total number of issued shares with voting rights shall be provided through Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service or Korea Exchange
  • Date of the Meeting

    9am. March 24, 2022
  • Whether the date of the meeting falls during the period when other general shareholders’ meetings are concentrated

    N/A
  • Location

    Amore Hall, 3F, Amorepacific Headquarters, 100, Hangang-daero, Yongsan-gu, Seoul
  • Number of Voting Rights in Attendance

    48,089,359 shares
  • Matters for Report and Resolution

    <Matters for Report>

    • Audit Report
    • Business Report
    • Management Status of Internal Accounting Control System

    <Matters for Resolution>

    • Agenda No. 1 Approval of the 16th Financial Statement
      (statement of appropriation of retained earnings included)
      and Consolidated Financial Statement
      (in favor) 96.9%, (against) 3.1%
      Approved
    • Agenda No. 2 Partial amendment to Articles of Incorporation
      (in favor) 100.0%, (against) 0.0%
      Approved
    • Agenda No. 3 Appointment of inside directors
      • Agenda No. 3-1 Appointment of independent director Hwi-seong Lee
        (in favor) 99.1%, (against) 0.9%
        Approved
      • Agenda No. 3-2 Appointment of independent director Jong-dae Kim
        (in favor) 99.9%, (against) 0.1%
        Approved
      • Agenda No. 3-3 Appointment of independent director Hee-joon Ahn
        (in favor) 99.9%, (against) 0.1%
        Approved
      • Agenda No. 3-4 Appointment of independent director In-a Choe
        (in favor) 99.9%, (against) 0.1%
        Approved
      • Agenda No. 3-5 Appointment of executive director Sangmok Lee
        (in favor) 99.8%, (against) 0.2%
        Approved
    • Agenda No. 4 Appointment of auditors to the Audit Committee
      • Agenda No. 4-1 Appointment of auditor Hwi-seong Lee
        (in favor) 98.1%, (against) 1.9%
        Approved
      • Agenda No. 4-2 Appointment of auditor Hee-joon Ahn
        (in favor) 99.8%, (against) 0.2%
        Approved
    • Agenda No. 5 Approval of amendment to Executive Retirement Provisions Policy
      (in favor) 99.9%, (against) 0.1%
      Approved
    • Agenda No. 6 Approval of maximum remuneration for directors
      (in favor) 92.7%, (against) 7.3%
      Approved

15th Annual General Meeting

  • Call for Convocation

    24 February 2021
  • Notification Date

    24 February 2021
  • Method of Notification to Shareholders on Shareholders General Meeting

    • In convening a general shareholders’ meeting, a notice of the time, date, place, and agenda of the meeting, shall be sent in writing to each shareholder two (2) weeks prior to the date of the meeting.
    • The meeting notice to shareholders holding not more than 1/100 of the total number of issued and outstanding shares with voting rights shall be made through a disclosure at Data Analysis, Retrieval and Transfer System operated by Financial Supervisory Service or the Korea Stock Exchange.
  • Date of the Meeting

    9am. March 19, 2021
  • Whether the date of the meeting falls during the period when other general shareholders’ meetings are concentrated

    N/A
  • Location

    Main Hall, 3F of Amorepacific Headquarters at 100 Hangang-daero, Yongsan-gu, Seoul
  • Number of Voting Rights in Attendance

    46,806,366 shares
  • Matters for Report and Resolution

    <Matters for Report>

    • Audit Report
    • Business Report
    • Report on operation of the Internal Accounting Control System

    <Matters for Resolution>

    • Agenda No. 1 Approval of the 15th financial statements
      (including the statement of appropriation of retained earnings)
      and consolidated financial statements
      (in favor) 96.5%, (against) 3.5%
      Approved
    • Agenda No. 2 Changes to the Articles of Incorporation
      (in favor) 100.0%, (against) 0.0%
      Approved
    • Agenda No. 3 Appointment of inside directors
      • Agenda No. 3-1 Appointment of Kyungbae Suh as an inside director
        (in favor) 88.5%, (against) 11.5%
        Approved
      • Agenda No. 3-2 Appointment of Sae-hong Ahn as an inside director
        (in favor) 94.4%, (against) 5.6%
        Approved
      • Agenda No. 3-3 Appointment of Dong Soon Lee as an inside director
        (in favor) 99.2%, (against) 0.8%
        Approved
    • Agenda No. 4 Appointment of an outside director who becomes the member of the Audit Committee
      Appointment of Seong Jin Jo as an outside director who becomes the member of the Audit Committee
      (in favor) 99.5%, (against) 0.5%
      Approved
    • Agenda No. 5 Amendment of Executive Severance Pay Rules
      (in favor) 88.3%, (against) 11.7%
      Approved
    • Agenda No. 6 Approval of the limit on director remuneration
      (in favor) 99.9%, (against) 0.1%
      Approved

14th Annual General Meeting

  • Call for Convocation

    4 March 2020
  • Notification Date

    4 March 2020
  • Method of Notification to Shareholders on Shareholders General Meeting

    • Written notifications to each shareholder two (2) weeks before the date of the Shareholders General Meeting,
      including the date, location and the purpose of the meeting
    • Notification of convocation to shareholders who hold less than one hundredth of the total number of issued shares with voting rights shall be provided via the Data Analysis,
      Retrieval and Transfer System (DART) of the Financial Supervisory Service or Korea Exchange
  • Date of the Meeting

    9am. on Friday, March 20, 2020
  • Location

    Main Hall, 3F of Amorepacific Headquarters at 100 Hangang-daero, Yongsan-gu, Seoul
  • Number of Voting Rights in Attendance

    46,806,366 shares
  • Matters for Report and Resolution

    <Matters for Report>

    • Audit Report
    • Business Report
    • Report on the Status of Internal Accounting Control System

    <Matters for Resolution>

    • Agenda No. 1 Approval of the 14th Financial Statement
      (statement of appropriation of retained earnings included)
      and Consolidated Statement
      Approved
    • Agenda No. 2 Appointment of independent director (candidate: Sang-kyun Cha) Approved
    • Agenda No. 3 Approval of maximum remuneration for directors Approved

※ Shareholders’ Right to Make Proposals

Pursuant to Article 363-2 and Article 542-6 of the Commercial Act of Korea, shareholders who own 3% of the total number of issued shares with voting rights or more than 1% from six (6) months before the annual shareholders meeting can make proposals of certain matters to be discussed at the shareholders meeting, in written or electronic form, six (6) weeks before the annual shareholders meeting for the previous year.

The Board of Directors shall accept proposals as agendas for the shareholders meeting, excluding proposals that violate laws and regulations or Articles of Incorporation or matters that fall under any of the grounds for refusal defined in Article 12 of the Enforcement Decree of the Commercial Act. In the case of proposals made by shareholders, the main points of the agenda shall be included in the Convocation Notice or be given an opportunity to present at the shareholders meeting.