Samsung 2000 Annual Report Download - page 82

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11
Yoon-Woo Lee
• President, Semiconductor Business Group,
Samsung Electronics [1995-present]
• Executive VP, Semiconductor Business Group,
Samsung Electronics [1993-1995]
• Executive VP, Semiconductor Business Group,
Samsung Electronics [1992-1993]
• Managing director, Kiheung Plant, Samsung
Semiconductor & Telecommunication [1987-1992]
Over the years, Samsung Electronics’ Board of Directors has played a crucial leadership role in maximizing corporate value. Founded on the
values of transparency and responsibility, the decision-making and corporate governance framework provided by the Board continues to
provide a fertile environment for the creative, progressive entrepreneurial spirit that has helped the company emerge as an international
electronics leader.
The Board is currently composed of three standing committees: the Management Committee, the Audit Committee, and the Outside
Director Recommendation Committee. The Management Committee is in charge of evaluating and making recommendations on issues
related to improving the professionalism and efficiency of administrative processes. The Audit Committee replaces the former outside
auditor’s position in 2000 and uses a system of checks and balances to supervise and support the management team in its quest to
maximize corporate value. The Outside Director Recommendation Committee is in charge of impartially and independently selecting
outside directorship candidates for the Board.
Samsung Electronics’ 20-member Board of Directors took up a total of 34 agenda items over the course of 12 meetings in 2000,
including the approval of the year 2000 business and management plan, the declaration of a 10% interim cash dividend of 500 won per
share in July, and the repurchase of 2% of the total outstanding stock—3 million common shares and 400,000 preferred shares—valued at
534.4 billion won in October. In addition to the 12 general meetings, the Management Committee met 31 times and the Audit Committee
nine times during the year.
The Board will undergo a fundamental change in fiscal 2001 with a reduction in membership from 20 directors—including six outside
directors—to 14, half of which will be outside directors. This change is intended to accelerate decision-making as well as respond to
shareholder concerns that a large board is inefficient in managing the company.
Kun-Hee Lee
• Chairman, Samsung Electronics [1997-present]
• Member, International Olympic Committee
[1996-present]
• Vice chairman, Federation of Korean Industries
[1987-present]
• Vice chairman, Korea-Japan Economic Committee
[1981-present]
• Chairman, Samsung Group [1987-1998]
Jong-Yong Yun
• Vice chairman & CEO, Samsung Electronics
[1999-present]
• President & CEO, Samsung Electronics [1996-1999]
• President & CEO, Samsung Japan Headquarters
[1995-1996]
• President & CEO, Samsung Display Devices [1993-1995]
• President & CEO, Samsung Electro-Mechanics
[1992-1993]
Board of Directors
Management Committee
Jong-Yong Yun [chair]
Yoon-Woo Lee
Dae-Je Chin
Doh-Seok Choi
Outside Director Recommendation Committee
Franz-Hermann Hirlinger [chair]
Sung-Lark Rim
Jong-Yong Yun
Doh-Seok Choi
Audit Committee
Sung-Lark Rim [chair]
Jae-Sung Hwang
Kap-Hyun Lee
2001 Board Members
Committees
Hak-Soo Lee
• President, Chief of staff Samsung Electronics
[1998-present]
• President & CEO, Samsung Fire & Marine
Insurance [1995-1998]
• Vice president, Samsung Fire & Marine
Insurance [1993-1995]
• Executive director, Cheil Foods & Chemicals
[1984-1993]