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On the 16th, the National Pension Fund’s Trustee Responsibility Committee (Consignment Committee) held a meeting to deliberate on the direction of voting on the agenda of the regular shareholders’ meetings of Samsung C&T, Hite Jinro, and Mando, and made this decision. Samsung C&T and Mando’s regular shareholders’ meeting will be held on the 19th, and Hite Jinro’s regular shareholders’ meeting will be held on the 26th.
The agenda of Samsung C&T is △approval of financial statements, △appointment of internal and external directors, and △approval of the remuneration limit for three directors. The National Pension Service announced that it decided against the approval of the financial statements and the appointment of directors, while the approval of the compensation limit for directors was opposed to management performance. However, among the appointments of the directors, there was a minority opinion against the outside director candidate Choi Jung-gyeong (former Minister of Knowledge Economy).
The Mando agenda △Approval of financial statements △Appointment of internal/external directors △Approval of 3 directors’ compensation limit approval was also agreed to the approval of financial statements and the appointment of directors. I decided to do it.
It was decided to approve both of Hite Jinro’s agenda, approval of financial statements and approval of the limit for payment of directors’ compensation and bonuses.
Meanwhile, at the meeting that day, some members expressed their dissenting opinions over what was decided by the Fund Management Headquarters’ internal investment committee, not the entrustment committee. Three members, including Commissioner Hong Sun-tak (recommended by local subscribers’ representative) and workers’ representatives Lee Sang-hoon and Jeon Chang-hwan, have left, arguing that the direction of Samsung Electronics’ voting rights exercise should be discussed at the commission.
As a result of the discussion, the entrustment committee said, “The deliberation and decision of the matters decided by the Fund Management Headquarters and disclosed externally may undermine the credibility of the National Pension System,” and said, “We decided to respect the decision of the Fund Operation Headquarters.” Told.
However, when some of the trustees insist on the need for re-discussion on matters decided by the Fund Management Headquarters, it was judged that the system was inadequate as to whether or not to admit it.