Samyoung ENC Decides on Appointment of Auditor for Shareholders' Meeting

[Asia Economy Reporter Hyungsoo Park] The appointment of an inspector for the regular shareholders' meeting of Samyoung ENC, a KOSDAQ-listed company, has been decided.

According to Samyoung ENC on the 28th, attorney Ryu Youngpil was appointed as the inspector to investigate the legality of the convening procedure and resolution method of the shareholders' meeting scheduled for the 30th. This follows the application for the appointment of an inspector filed by inside director Hwang Hye-kyung at the Busan District Court on the 19th.

The inspector officially verifies the vote count on the agenda items at the shareholders' meeting. In addition, the inspector conducts investigations on the legality of the shareholders' meeting, including verification of proxy authority through proxy form examination, sealing of proxy forms, matters related to access to the meeting venue, and fairness of the chairman's proceedings.

Inside director Hwang Hye-kyung explained, "Although the shareholders' meeting is convened by shareholder proposal, the CEO directly disclosed a statement expressing opinions regarding the solicitation of proxy voting rights," adding, "The proxy voting company was selected without a board resolution, encouraging the approval of the agenda submitted by shareholder proposal."

She continued, "This is an abuse of representative authority and an intention to monopolize the board of directors unilaterally," adding, "Due to concerns about the fairness of the shareholders' meeting, I applied for the appointment of an inspector."

A representative of Samyoung ENC stated, "Mr. A, a new outside director candidate proposed as an agenda item through a shareholder proposal, was the proxy voting solicitor at the extraordinary shareholders' meeting held in January," and claimed, "At that time, Mr. A had copies of shareholders' ID cards who delegated their voting rights during the collection of all proxy forms."

The representative added, "There is a high possibility that shareholders' voting rights may be used unintentionally," and emphasized, "Special attention should be paid to personal information protection."

This content was produced with the assistance of AI translation services.