Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (Woori Bank) was submitted on March 4, 2016. The document serves as an announcement regarding the convening of the Annual General Meeting of Shareholders for the fiscal year ended December 31, 2015.
Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. The document references the approval of financial statements for fiscal year 2015 as an agenda item but does not disclose the numerical results within this report.
Material Changes
No material financial changes or operational updates are detailed in this filing. The primary content concerns corporate governance actions, specifically the scheduling of the shareholder meeting and the nomination of new directors.
Guidance, Outlook, and Corporate Governance
The Board of Directors resolved to hold the Annual General Meeting on March 25, 2016, at 10:00 a.m. local time at the Woori Bank Head Office in Seoul. Key agenda items include:
- Approval of financial statements for fiscal year 2015.
- Approval of amendments to the Articles of Incorporation.
- Appointment of five new directors and an Audit Committee member.
- Approval of the maximum limit on directors' compensation.
Director Appointments:
- Dong-Gun Lee: Standing Director (New Appointment), currently Head of Business Support Group.
- Ki-Myung Nam: Standing Director (New Appointment), currently Head of Domestic Business Group.
- Kwang-Woo Choi: Non-standing Director (New Appointment), currently Director at Korea Deposit Insurance Corporation.
- Ho-Geun Lee: Outside Director (New Appointment), Professor at Yonsei University.
- Sung-Yong Kim: Outside Director and Audit Committee Member (New Appointment), Professor at SungKyunKwan University.
Key Facts for Investor Verification
- Verify the final approval of the 2015 financial statements at the March 25, 2016 meeting.
- Confirm the specific terms of the amendments to the Articles of Incorporation.
- Review the approved maximum limit on directors' compensation.
- Monitor the transition of the newly appointed directors into their roles.