Below is an excerpt from ISS Corporate Solutions’ (ICS) recently released paper “Season Snapshots: Korea KOSPI”. The full paper is available for download here from the ICS online library.
As the 2022 proxy season approaches, ISS Corporate Solutions looks back at director elections and related controversies that defined 2021 and examines the increasing focus on ESG and sustainable investment issues among companies in the Korea Composite Stock Price Index.
Last year’s proxy season saw a resurgence of activism and minority shareholder rights, trends that are likely to continue this year because they’re backed by regulatory change.
- There was a resurgence of activism and minority shareholder rights in 2021
- Failure to remove indicted directors continues to be a governance risk
- The 3% rule is boosting minority shareholder power
By Herman Choi, Senior Associate, APAC Advisory, ISS Corporate Solutions, Nikita Lee, Senior Associate, APAC Advisory, ISS Corporate Solutions.