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Biz News Korea(Eng)
Hyundai Motor vows more transparency in management, protection of shareholders’ rights
- Collected
- 2016.03.12
- Distributed
- 2016.03.14
- Source
- Go Direct
The automaker on Friday announced its so-called corporate governance charter to pledge more transparency in management by guaranteeing independence of the board of directors and protection of shareholders and customers’ rights at an annual shareholders’ meeting held at its headquarters in southern Seoul.
The charter details the operation of the so-called Corporate Governance and Communication Committee launched last April intended for better reflection of various shareholders’ opinions upon major business decision making.
Hyundai Motor also decided to pay 4,000 won ($3.32) per share (including interim dividend 1,000 won) for dividend payout, up 33.3 percent on-year.
Chairman Chung Mong-koo’s statement was included in the business report given out to shareholders that read - Hyundai Motor would lead innovation in the car industry with more investment on technology research and development- putting an emphasis on the plan to gain a global foothold for its luxury sedan Genesis.
By Noh Won-myung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]