rubber stamp Archives | Be Korea-savvy

Large Firms’ Outside Directors Rubber-stamp Key Decisions

SEOUL, March 24 (Korea Bizwire) — Outside directors at South Korea’s major listed companies voted for nearly all agenda items at board meetings in 2020, a report showed Wednesday, raising suspicions that they serve as mere rubber stamps. Independent directors at 277 listed units of 64 conglomerates approved 99.53 percent of the total 6,716 motions [...]

Outside Directors Rubber-stamping Key Decisions: Report

SEOUL, Nov. 15 (Korea Bizwire) — Outside directors at South Korea’s major listed companies are suspected of serving as mere rubber stamps, as their agenda disapproval rate is extremely low, a proxy advisory firm report said Wednesday. Sustinvest Inc. said independent directors at only 25 of the 882 firms listed on the country’s main and [...]