[EDAILY] The Shareholders' Meeting Season Approaches in March... 'Executive Compensation Limits and Shareholder Proposals Set to Be Key Issues'

February 28, 2025
An interview with Tae Jung Kim and Hee Woong Lee, Lee & Ko’s attorneys, was featured in EDAILY. In response to questions about the upcoming shareholders' meeting season in March, they stated, "Individual investors' interest in the capital market has significantly increased compared to the past. As a result, there is greater attention on shareholders' meetings, and recently, approval of executive compensation limits and the actions of minority shareholders have become key issues."

Additionally, Tae Jung Kim emphasized, "Recent lower court rulings have suggested that the voting rights of major shareholders on matters such as executive compensation limits should be restricted even in cases of compensation limits for registered executives," noting that if the Supreme Court confirms such rulings, there will likely be increased pressure from minority shareholders. As such, he further stressed that companies should thoroughly prepare in advance to gain the support of external shareholders by establishing reasonable decision-making criteria.