Samsung C&T Exemplifies the Broader Phenomenon of the Korean Discount
Global Investors: Shareholder Proposal Raises Legitimate Concerns About Capital Allocation 18 July 2024
In an article penned by Kim Kyung-rim and Kim Hak-seong for Yonhap Infomax discusses the support of global asset managers (Blackrock and UBS) for the shareholder proposal that sought for better allocation at Samsung C&T. The firms’ support stems from Samsung C&T’s consistent underperformance and strategic direction, while the proposal aligns with the investment principles and long-term growth expectations of these asset managers. The article highlights the challenges of such endorsements for Samsung C&T, as it tries to boost investor confidence .
The approval by Blackrock and UBS is portrayed as a critical endorsement that could influence other investors and stakeholders, potentially driving further engagement at Samsung C&T. The article emphasizes the importance of maintaining robust corporate governance and transparent communication with investors to sustain this positive momentum.
For further details, please refer to the article here.
