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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Glovis recruits Choi Hyun-man, former chairman of Mirae Asset Securities, as an outside director.
According to the Financial Supervisory Service's electronic disclosure system on the 20th, Hyundai Glovis announced on the 16th that it will convene a regular shareholders' meeting on the 20th of next month to appoint Choi as an outside director and a member of the audit committee.
Choi will serve as an outside director of shareholder rights protection at Hyundai Glovis. Outside directors in charge of protecting shareholder rights play a role in expanding shareholder rights and enhancing managerial transparency.
Hyundai Glovis introduced the first outside director system in charge of protecting shareholder rights in Hyundai Motor Group in 2018 to strengthen shareholder-friendly governance. Since Gil Jae-wook, former chairman of the KOSDAQ Market Committee on the Korea Exchange, has been appointed, he will step down due to the expiration of his term, and Choi will fill the post.
Outside directors in charge of protecting shareholder rights will be carried out in a way that if shareholders recommend candidates, the outside director nomination committee will select the final candidate, present the agenda to the shareholders' meeting and appoint them.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
