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Dec 29, 2020 · A proxy vote is a ballot cast by one person or firm for a company's shareholder who can't attend a meeting, or who doesn't want to vote on an issue....
- Will Kenton
KOREA Proxy Voting Guidelines W W W . I S S G O V E R N A N C E . C O M 4 of 19 Overview In South Korea, an ordinary general meeting of shareholders must be convened at least once a year at a fixed date (the Commercial Act, Article 365). The general shareholders meeting date is determined within three months to the record date.
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Consistent with global standards, BlackRock’s 2022 proxy voting guidelines for Korean companies ( link) provide that if any large listed company subject to the requirement for mandatory appointment of female directors (as per Article 165-20 of the Financial Investment Services and Capital Markets Act) fails to comply with such requirement, Black...
Proxy votes are often put forth to elect members of a company’s or fund’s board of directors. They can be used to give shareholders a say on corporate strategy or executive compensation. And shareholders have even used proxy votes to encourage companies to take on more environmentally or socially responsible business practices.
Proxy voting is a form of voting whereby a member of a decision-making body may delegate their voting power to a representative, to enable a vote in absence. The representative may be another member of the same body, or external.
General Recommendation: Vote case-by-case on proposals to amend quorum requirements. Vote against proposals to adopt a supermajority voting requirement for the removal of directors or internal auditors. Cumulative voting General Recommendation: Generally vote against proposals to introduce a provision that will prohibit the use of
A Proxy Vote is a delegation of voting authority to a representative on behalf of the original vote-holder. The party who receives the authority to vote is known as the Proxy and the original vote-holder is known as the Principal.
