[라이센스뉴스 최인철 기자]At the regular shareholders’ meeting of Kumho Petrochemical on the 26th, most of the agendas on the company’s side were passed with Chairman Park Chan-gu and won a vote with his nephew Park Chul-wan.
As a result of the shareholders’ meeting that took half a day, most of Kumho Petrochemical’s agendas were passed. As for dividends, 4200 won for common stock and 4250 won for preferred stock proposed by the management were approved, and the company’s proposal to establish committees within the board of directors (ESG Committee, Internal Transaction Committee, Compensation Committee) was also passed.
On the agenda for the appointment of the executive director, Baek Jong-hoon of the management side was appointed, and the appointment of Park Cheol-wan, the managing director of the shareholders’ proposal side, was rejected due to the multiple votes agreed upon by both sides. Kumho Petrochemical’s proposals were approved for the appointment of three outside directors (Do-sung Choi, Jeong-mi Lee, Soon-ae Park) and two members of the audit committee (Hwang Lee-seok, Choi Do-seong).
Park Chan-gu, chairman of Kumho Petrochemical Group, said, “We will strive to improve shareholder value by enhancing corporate value and strengthening ESG.”
Regarding this, Kumho Petrochemical’s largest individual shareholder and executive managing director Chul-Wan Park said, “It is only the beginning, not the end,” regarding his failure to appoint an internal director. “I will do this,” he refuted.
Managing Director Park said, “We will fulfill our responsibilities as the largest shareholder.” He then emphasized that “the shareholders’ proposal is not a dispute over management rights, but a legitimate exercise of shareholder rights to contribute to the company as a shareholder.”
Park added, “If necessary, we will convene an extraordinary shareholders meeting so that the voices of shareholders can be represented in the management decision-making process.”
