Sangjang Association to Provide Comprehensive Support Services for 2024 Annual General Meeting of Shareholders
The Korea Listed Companies Association announced on the 21st that it will provide the '2024 Annual General Meeting (AGM) Comprehensive Support Service' for companies listed on the KOSPI market.
This service has been established to systematically support practical difficulties that may arise at every stage from preparing to holding the shareholders' meeting. It is operated annually in line with the timing of listed companies' regular AGMs.
Regarding next year's regular AGM, the Association expects key issues to include diversification of voting methods to protect shareholders' rights and ensure smooth meeting proceedings, as well as active shareholder proposal activities by institutional investors and minority shareholders.
In particular, in relation to the full implementation of dividend system improvement measures jointly promoted by the Financial Services Commission and other related agencies, the Association plans to encourage proactive responses to dividend practices, such as reviewing articles of incorporation related to the dividend record date and setting the dividend record date for listed companies.
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The 2024 AGM Comprehensive Support Service consists of practical consultations through the 'Shareholders' Meeting Help Desk,' 'Articles of Incorporation Maintenance Consulting' reflecting the latest laws and regulations, 'Shareholders' Meeting Observation Support' providing on-site legal advice necessary for meeting operations, and the 'AGM Agenda Review Service' which predicts investors' voting directions through agenda analysis.
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