Resolution of AGM

13th Mar 2009 08:13



HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date : March 13, 2009

Disclosure title :  Resolution of the Annual General Meeting of Shareholders'(AGM)

Approval of the financial statements of the 41st business year :

(unit: million KRW)

Total assets	32,167,729	Sales	32,189,786
Total liabilities	12,515,438	Operating income	1,877,218
Capital stock	1,488,993	Net income	1,447,904
Total shareholders' Equity	19,652,291	*Earnings per  share	KRW 5,325

* Opinion of outside auditor : appropriate

 

2. Details of dividends:

1) Dividends per share :

Common shares  KRW 850

Series 1 preferred shares KRW 900

Series 2 preferred shares KRW 950

Series 3 preferred shares KRW 900

 

2) Total cash dividends : KRW 235,715,000,000

 

3) Dividend ratio to market value : Common Shares   2.1%Series 1 preferred Shares 6.7% Series 2 preferred shares 6.7%Series 3 preferred shares 6.9%

 

3. Current status of directors and audit committee (as of appointment date) :

 

1) Appointees :

- Inside Directors : total 3 persons

- Outside Directors : total 2 persons

 

2) Total number of registered directors after appointment : 9

 

3) Total number of outside directors after appointment : 5

 

4) Percentage of outside directors appointed: 55.6%

 

5) Total number of audit committee members after appointment : 4 

(all members of the audit committee are outside directors)

 

4. Other resolutions : 

 

1) Agenda 1 - Approval of the Financial Statements of 41st Business Year (From 01/01/2008 to 12/31/2008) as was originally proposed.

 

2) Agenda 2 - Approval of 'Appointment of Directors' as was originally proposed (Inside Directors : 3 persons / Outside Directors : 2 Persons)

 

3) Agenda 3 - Approval of 'Outside Director who is an Audit Committee Member' as was originally proposed (2 persons).

 

4) Agenda 4 - Approval of 'Limit on Remuneration for Board of Directors' as was originally proposed.

 

5) Agenda 5 - Approval of 'Amendment to the Articles of Incorporation' as was originally proposed.

 

 

5. Date of AGM : March 13, 2009

 

 

6. Others :

- The 'Earnings Per Share' in #1 above is Basic earnings per common share.

*Details on Appointment of Inside Directors

Name	Date of Birth	Term of Appointment	Previous Term	Major Career	Present Office	Academic Career	Nationality
Jung Dae Lee	Oct 27, 1955	1	None	CFO of Hyundai Motor Company	Vice Chairman of Hyundai Motor Company (Current)	Chungnam National University, Bachelor of Business Administration	Republic of Korea
Seung Suk Yang	Oct 25, 1953	1	None	President & CEO of Hyundai Steel	President of Hyundai Motor Company (Current)	Seoul National University, Bachelor of Business Administration	Republic of Korea
Ho Don Kang	Nov 05, 1952	3	None	Vice Chief Manager of HMC Ulsan plant	Vice President of Hyundai Motor Company (Currnet)	Pusan National University, Bachelor of Business Administration	Republic of Korea

*Details on Appointment of Outside Directors

Name	Date of Birth	Term of Appointment	Previous Term	Major Career	Present Office	Academic Career	Nationality
Il Hyung Kang	Sep 06, 1949	3	Yes	Director, Daejeon Regional Tax Office	Senior Advisor of  Bae, Kim&Lee LLC	Yonsei University Graduate School of Administration	Republic of Korea
Young Chul Yim	Apr 15, 1957	3	Yes	Director, Litigation bureau of Fair Trade Commission	Lawyer, SHIN & KIM	Seoul National University Graduate School of Law	Republic of Korea

*Details on Appointment of Audit Committee members

Name	Date of Birth	Term of Appointment	Previous Term	Outside Director	Major Career	Present Office	Academic Career	Nationality
Il Hyung Kang	Sep 06, 1949	3	Yes	Audit Committee Member & Outside Director	Director, Daejeon Regional Tax Office	Senior Advisor of  Bae, Kim&Lee LLC	Yonsei University Graduate School of Administration	Republic of Korea
Young Chul Yim	Apr 15, 1957	3	Yes	Audit Committee Member & Outside Director	Director, Litigation bureau of Fair Trade Commission	Lawyer, SHIN & KIM	Seoul National University Graduate School of Law	Republic of Korea

* Details on Amendment to Articles of Incorporation

1. Category : Addition of Business Objective

2. Contents of Addition : Tourist business and related incidentals

3. Reason for Addition : Efficient use of existing facilities

ENDAGMSFDSADSUSEFD

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