'Jokaui Nan' Park Cheolwan Urges Kumho Seokhwa to Adopt Electronic Voting System
"Align with ESG Management Trends Amid the COVID-19 Pandemic"
Park Cheol-wan, former executive director and largest shareholder of Kumho Petrochemical.
View original image[Asia Economy Reporter Moon Chaeseok] Park Cheolwan, former executive director and largest shareholder of Kumho Petrochemical, urged the company on the 2nd to introduce a non-face-to-face electronic voting system.
In a statement released that day, former executive Park said, "Listed companies, including large corporations, are increasingly adopting non-face-to-face technologies ahead of general meetings of shareholders, considering the surge in COVID-19 cases and the growing proportion of individual investors," adding, "I urge the current management of Kumho Petrochemical to introduce a non-face-to-face electronic voting system that matches the company's reputation and aligns with ESG (Environmental, Social, and Governance) management and government quarantine policies." The electronic voting system allows shareholders to exercise their voting rights by accessing the electronic voting system online without attending the general meeting of shareholders in person. The number of listed companies adopting electronic voting increased from 486 in 2018 to 654 in 2019, 972 in 2020, and 1,272 last year.
Hot Picks Today
Up to 600 Million Won for Semiconductors, 160 Million Won Bonus for Loss-Making Non-Memory… Samsung Electronics Labor and Management Reach Tentative Deal on Unprecedented Performance Compensation (Comprehensive)
- "Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- U.S. Stocks Up 1% on War Negotiation Hopes... Will Korea Recover Recent Losses? [Good Morning Market]
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Former executive Park is the eldest son of the late Park Jeonggu, chairman of Kumho Group and the second older brother of Park Changu, chairman of Kumho Petrochemical. He currently holds about 8.5% of Kumho Petrochemical's shares, making him the largest shareholder. Including his sisters Park Eunhyung, Park Eunkyung, Park Eunhye, and his father-in-law Heo Kyungsoo, chairman of Cosmo Group, their combined stake amounts to 10.08%. Earlier, former executive Park had submitted shareholder proposals to the company last March ahead of the general meeting of shareholders, aiming to enhance management transparency and shareholder value.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
