Results of the Annual General Meeting of Shareholders for FY 2006
2007-03-26On March 23, 2007, Kookmin Bank held the annual general meeting of shareholders for fiscal year 2006, and all five agenda items listed below were approved and ratified as originally proposed.
Agendum 1.
Approval of non-consolidated financial statements (balance sheet, income statement and statement of appropriation of retained earnings) for fiscal year 2006
Agendum 2.
Appointment of directors
Agendum 3.
Appointment of candidates forthe members of the Audit Committee, who are non-executive directors
Agendum 4.
Approval of previously granted stock options
Agendum 5.
Grant of stock options
For details of the originally proposed agenda, please refer to<Agenda for Annual General Meeting of Shareholders for the Fiscal Year 2006>, which was disclosed on March 7, 2007.
| Name (Date of Birth) |
Current Position |
Career | Education | Nationality | Term of Office |
|---|---|---|---|---|---|
| Jacques P.M. Kemp (Newly appointed) (05/15/1949) |
CEO of ING Insurance Asia/Pacific | • General Manager for ING Brazil • Chairman of ING Bank International • Global Head e-Business for ING Group |
• International Senior Management Program at Harvard • MBA, Univ. of Chicago |
Netherlands | 3 yrs |
| Name (Date of Birth) |
Current Position |
Career | Education | Nationality | Term of Office |
|---|---|---|---|---|---|
| Kee Young Chung (Reappointed) (09/07/1948) |
Professor, Accounting, Keimyung Univ. (C.P.A) |
• Non-Executive Director, LG Corporation • President, Korea Accounting Institute • Chairman, Korea Accounting Association • Member, Examination Committee, FSS |
• Ph.D. in Accounting, Univ. of Texas, Austin • M.A. in Business, Seoul Nat’l Univ. • B.A. in Business, Seoul Nat’l Univ. |
Korea | 1 yr |
| Dam Cho (Reappointed) (08/01/1952) |
Professor, Business Administration, Chonnam Nat’l Univ. |
• President, Korean Financial Management Association • Lecturer, Hongik Univ. |
• Ph.D. in Finance, Korea Univ. • M.S in Business Administration, Korea Univ. • B.A. in Business Administration, Korea Univ. |
Korea | 1 yr |
| Bo Kyung Byun (Reappointed) (08/09/1953) |
CEO, Kolon I’Networks Co.,Ltd |
• CEO, LG-IBM PC Co.,Ltd. • Managing Director, IBM Korea |
• B.S. in Mechanical Engineering, Seoul Nat’l Univ. |
Korea | 1 yr |
| Baek In Cha (Newly appointed) (07/23/1958) |
Senior Research Fellow, Korea Institute of Finance |
• Director of Research, Vice President, KIF • Professor, Economics & Finance, Hong Kong City Univ. • Professor, Economics, Univ. of Texas |
• Ph.D. in Economics, Univ. of Minnesota • B.A. in Economics, Seoul Nat’l Univ. |
Korea | 1 yr |
Kookmin Bank disclosed certain stock option grants on March 7, 2007. As of the date of such disclosure, two items were undetermined, and have since been determined.
1. With respect to the stock option grants by resolution of the general meeting of shareholders, the Base Price is 84,500 Won, which was calculated as follows:
The arithmetic mean of the following three numbers: the sum of the daily closing price multiplied by the daily trading volume divided by the daily trading volume for the common shares during each of the following periods: (i) two months prior to, but excluding, the grant date; (ii) one month prior to, but excluding, the grant date; and (iii) one week prior to, but excluding, the grant date.
2. With respect to the Conditional Grant of Stock Option, as Dong Soo Chung, the present Chairman of the board of directors was reappointed, no additional stock options were granted.