KCGS 한국ESG기준원

- KCGS analyzed the voting results of the agenda items submitted to the 2020 annual general meetings, the support levels of the outside shareholders, etc. 



- A significant number of companies shared the trend of securing a close-to- majority insider ownership for stable business management. Still, outside and inside shareholders had differing views on a number of agenda items. 



- A practical institutional tool is necessary such as demanding the board to provide an explanation for the items failing to obtain outside shareholders’ support as is the practice in the advanced capital markets. Companies on their part are advised to make efforts to support shareholders' faithful exercise of rights.



For the details, please refer to the attached file.