Rights of minority shareholders
We always listen to the opinions of all shareholders and stakeholders and protect the following rights.
Convocation of extraordinary meeting of shareholders
In accordance with Article 542-6 of the Commercial Act, shareholders who have continued to hold stocks equivalent to no less than 1.5% of the total number of issued and outstanding shares of OCI for more than six months may request the convocation of an extraordinary meeting of shareholders.
In accordance with Article 363-2 and 542-6 of the Commercial Act, shareholders who hold no less than 3 percent of the total number of issued and outstanding shares excluding nonvoting shares, or shareholders who have continued to hold stocks equivalent to no less than 0.5% of the total number of issued and outstanding shares of OCI with voting rights for more than six months may make a proposal in writing or by an electronic document that certain matters be raised as agenda items for an annual general shareholders' meeting. The board of directors will include shareholder proposals as purpose statements unless they violate statutes or the articles of incorporation, or meet rejection criteria under Article 12 of the Enforcement Decree of the Commercial Act. When requested by the proposing shareholder, the agenda will be noted in the convocation notice, and the shareholder will have an opportunity to explain the proposal at the general shareholders’ meeting.