About Samsung

Our Company's decision-making and supervisory process enhances corporate transparency and accountable management and thus, constitutes an environment where corporate value can be maximized.

There are two types of Board Meetings:

a. Regular Board Meetings : Generally held four times a year (every quarter a year)
b. Extraordinary Board Meeting : Held whenever deemed necessary

(Related Regulation: Article 30 of the Company's Article of Incorporation)

The meeting of the Board of Directors shall be convened by the Chairman only in case where the meeting is deemed necessary. The Chairman shall present agendas and reasons for the meeting provided that such notice may be omitted with the consent of all Directors.

Convening Procedure : The Chairman shall give notice to each Director of the date, time and place at least twenty-four (24) hours prior thereto

(Related Regulation: Article 31 of the Company's Article of Incorporation)

The presence of the majority of all Directors shall constitute a quorum for a meeting of the Board of Directors and the resolutions of the Board of Directors shall be adopted by a majority of the votes of the Directors attending the meeting; provided that Board meetings may take place via electronic means, such as conference call, within the scope provided by relevant laws.

Except as otherwise provided by relevant laws and regulations, Directors shall have one vote per share.

Voting by Persons with Special Interest : For fair review and reasonable decision-making, a Director having a special interest in the resolution of a general meeting can not exercise his/her voting rights thereupon. In such case, his/her voting shall not be counted.