ISS backs Lee Jae-keun's appointment as KB Financial chairman
Institutional Shareholder Services (ISS) has recommended that shareholders vote in favor of appointing Lee Jae-keun as chairman of KB Financial Group. In its voting recommendations report obtained by The Korea Times, Sunday, the world's largest proxy advisory firm said "a vote for this resolution is warranted given the absence of any known issues concerning the nominee and the company's board…
Institutional Shareholder Services (ISS) has endorsed shareholders voting to appoint Lee Jae-keun as chairman of KB Financial Group. According to a voting recommendations report obtained by The Korea Times, ISS believes a vote in favor of this resolution is justified due to the nominee's lack of any known issues and favorable board dynamics.
ISS also commended KB Financial Group's disclosure practices, noting that the company voluntarily provides attendance records at committee meetings, which helps shareholders evaluate directors' performance. While most Korean companies follow a disclosure template from the Korea Exchange and often omit this information, ISS pointed out that KB Financial Group stands out in this regard.
The recommendation comes prior to an extraordinary shareholders meeting on November 20, where shareholders will decide on Lee Jae-keun's appointment as group chairman.
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- ISS backs Lee Jae-keun's appointment as KB Financial chairman koreatimes.co.kr
