• SK FSS held a meeting with executives from 10 major asset management companies and SK FIA, in order to discuss major issues re their exercise of voting rights.
• Follows SK FSS April 2023 set up a taskforce to revise voting guides.

Meeting

• SK FSS urged participants to thoroughly review the agenda of their general shareholders' meetings and exercise their voting rights in a more responsible manner.
• Requested them to disclose the exercise of voting rights and the basis of judgement in detail and sufficiently, to facilitate investment decisions by market participants.
• SK FSS will conduct a comprehensive inspection on the exercise of voting rights and relevant disclosure status after general shareholders' meetings end in March 2024.
• Subsequently, SK FSS will announce cases where voting rights have been exercised insincerely, or where related information has been insufficiently disclosed.
• In addition, it will encourage the asset management industry to faithfully exercise voting rights to protect investors' interests and enhance the value of listed companies.
• Will also endeavor to create an environment where asset management companies which actively exercise their own voting rights are evaluated as faithful trustees.