In front of the Westin Chosun Hotel, where the National Pension Fund Management Committee is held on the 26th, a press conference is held to condemn the decision-making structure of the National Pension Fund and the Trustee Responsibility Committee, hosted by civic groups such as the Participation Solidarity. yunhap news
The National Pension Fund Management Committee (hereinafter referred to as the Fund Committee) held the 3rd meeting of the Fund Committee on the 26th and concluded that the process of deciding the direction of voting rights at the Samsung Electronics Shareholders’ Meeting, which was handled by the Fund Management Headquarters on the 10th, was’deficient.’
Earlier, the Fund Committee did not refer to the General Shareholders’ Meeting of Samsung Electronics related to the reappointment of outside directors to the Trustee Responsibility Specialized Committee (hereinafter referred to as the Trustee), but independently concluded, resulting in a controversy over the passing of the trustee.
For controversial agenda, the Fund Management Headquarters must first request a decision from the trustee in accordance with Article 5, Paragraph 2, Article 1 of the Trustee Liability Guidelines. However, the headquarters decided not to do so, but decided to’approve’ the voting right and then disclosed it.
On this day, civic groups also held picket demonstrations to condemn this, criticizing the National Pension for not properly fulfilling its trustee responsibilities.
Lee Ji-woo, the secretary of the Economic and Financial Center of the Participation Solidarity, said, “To prevent the National Pension, which manages the retirement funds of the people, from being swung over to the tastes of some companies or regimes, the Fund Commission and its affiliated trust committees can monitor the voluntary exercise of shareholder rights by the fund management headquarters in the industrial complex He pointed out, “I installed a kind of check-in mechanism, but the Fund Management Headquarters arbitrarily passed the entrustment committee and made the agenda at will,” he pointed out.
Reporter Lee Hae-jun [email protected]
