Samsung C&T Maintains Transparent Governance and Stable Shareholder Return Policy… Treasury Stock Fully Cancelled and Cumulative Voting to be Introduced
Samsung C&T maintains transparent governance with an independent board, including a non-executive chairman and a majority of outside directors
The company approved a cumulative voting system at the March 2026 general meeting, effective from September 2026, which will enhance minority shareholder participation in director elections
Under the 2023-2025 shareholder return policy, all treasury shares (23,422,689 common and 159,835 preferred) were fully cancelled in three equal tranches by March 2026, representing about 14.4% of total outstanding shares, directly increasing per-share value
The new 2026-2028 shareholder return policy maintains 60-70% payout of affiliate dividends and a minimum dividend of KRW 2,500 per share, ensuring predictable returns
At the 62nd AGM, the treasury share cancellation resolution passed with 100% approval, and dividends increased 12% to KRW 2,800 per common share (yield 1.2%), strengthening shareholder returns
Consolidated net profit increased 40.9% YoY to KRW 3.9 trillion, with operating profit up 10.4%, reflecting solid fundamentals
The audit committee consists entirely of three independent directors and meets quarterly with external auditors without management, ensuring independent and professional oversight
Internal accounting controls received an unqualified opinion from external auditors with no material weaknesses, demonstrating high reliability of financial reporting
[AI Summary]Samsung C&T's robust financial performance and transparent governance, coupled with enhanced shareholder returns through full treasury stock cancellation and cumulative voting, are expected to positively impact long-term shareholder value.