[Breaking] SM Loses to Eollain in Auditor Appointment Vote Battle
[Asia Economy Reporter Minji Lee] On the 31st, SM lost the vote battle over the appointment of an auditor against the activist private equity fund (PEF) Align Asset Management (hereafter Align) at the regular shareholders' meeting held in Seongdong-gu, Seoul. Accordingly, Kwak Junho, former CFO of KCF Technologies (now SK Nexilis), recommended by Align, was appointed as the auditor. The candidate recommended by SM, Lim Gi-young, withdrew before the shareholders' meeting due to personal reasons.
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