{
  "id": 17929544,
  "title": "Authorities propose 75% shareholder approval threshold for financial chiefs seeking 3rd terms",
  "url": "https://urgent.news/2026/11/03/authorities-propose-75-shareholder-approval-threshold-for-financial-17929544",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T07:52:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/banking-finance/20261103/authorities-propose-75-shareholder-approval-threshold-for-financial-chiefs-seeking-3rd-terms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Korea Times reports that the Financial Services Commission (FSC) has proposed a reform plan to tighten oversight of financial companies by requiring a 75% shareholder approval threshold for financial chiefs seeking a third consecutive term. The plan, which aims to gradually increase approval requirements for financial group chiefs seeking reappointment, starts with a minimum of two-thirds of the nomination committee members approving a candidate for an initial appointment. For a second term, the requirements become stricter, with at least three-quarters of the nomination committee members needed to support the candidate's reappointment, and shareholder approval requiring at least two-thirds of voting rights represented at the meeting.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}