[서울=뉴스핌] Reporter Lim Seong-bong = The National Pension Service has decided to approve the proposal for the appointment of an audit committee recommended by Cho Hyun-sik, vice chairman of Korea & Company, the eldest son of the Hankook Tire family. On the other hand, the appointment of the second son, Cho Hyun-beom, president of Hankook Tire & Technology, decided to oppose it.
On the 26th, the National Pension Fund Trustee Responsibility Committee (Consignment Committee) discussed the direction of voting rights at the shareholders’ meeting of Korea & Company and its affiliates Hankook Tire & Technology. Hankook Tire’s eldest son and second son are in a dispute over management rights.
 |
| National Pension Service headquarters [사진=국민연금공단] 2020.06.10 [email protected] |
The commission agreed to approve the proposal for the appointment of Korea University professor Han-sang Lee proposed by Vice Chairman Cho among the agendas related to Korea & Company. The original candidate was Kim Hye-kyung, former Blue House female and family secretary, but the commission decided that Professor Lee was in line with strengthening the company’s surveillance function.
In addition, after a long discussion, the commission concluded to object to the agenda for appointing President Cho as the executive director. The reason for the objection was a history of damage to corporate value or infringement of shareholder rights and interests. President Cho, the son-in-law of former President Lee Myung-bak, has been sentenced to three years in prison and four years of probation at last year’s appeal after being charged with embezzlement and embezzlement.
The National Pension Service decided to vote in favor of Lee Hye-woong, CEO of BRT Korea Advisors, Seon In-am, submitted by Vice Chairman Cho.
However, the trustees decided to vote against them, stating that’the management performance is not linked’ with regard to the approval of the remuneration limit for directors of these companies.
The commission decided to approve the appointment of the executive director Park Jung-ho among the agendas of SK Hynix’s shareholders’ meeting to be held on the 30th.