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Samsung expands cash returns, reviewing structure

Wednesday, November 30, 2016 - 05:50
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Samsung is looking for a "highly qualified" director "with global corporate experience" and plans to nominate at least one new, independent board member for approval at the next annual shareholder meeting.

Seoul

SAMSUNG Electronics Co will increase cash returns to shareholders, add at least one outside director and review its corporate structure, adopting some of the changes proposed by activist investor Elliott Management Corp.

Samsung will spend at least six months looking at the