BGF Improves Corporate Governance Compliance and Maintains Stable Dividend Policy... Continued Efforts to Strengthen Shareholder Rights
BGF improved its corporate governance key indicator compliance from 10 to 11, notably the 'convening notice 4 weeks prior to general shareholders' meeting'.
For fiscal year 2025, declared a cash dividend of KRW 130 per common share, totaling KRW 12.44 billion (dividend yield 3.2%). This marks the 25th consecutive year of annual cash dividends.
Board consists of 2 inside directors and 2 independent directors (50% independent). Operates Independent Director Nomination Committee and Internal Transaction Committee, each majority independent.
Major shareholder group holds 69.71%, minority 30.29%. Treasury shares of 8,025 shares; voting shares total 95,708,766.
Consolidated sales KRW 469.5B, operating profit KRW 61.2B, net income KRW 56.4B (sales +8.2%, OP +10.8%, but net -40.5% vs prior year).
Shareholder meeting attendance 71.4% (32nd AGM), electronic voting adopted, voluntary compliance program to avoid concentrated meeting dates.
Full-time auditor is an accounting/finance expert with 30 years at an accounting firm; holds quarterly meetings with external auditors without management.
To enhance dividend predictability, the record date is set by board resolution after dividend amount is fixed.
Established Corporate Governance Charter, operates ESG Management Committee, joined UN Global Compact.