Brief: KT&G Issues Response Letter To ISS And Shareholders Regarding ISS' Unilateral Proxy Voting Recommendation Against Board

KT&G

15/03/2024 12:54

March 15 (Reuters) - KT&G Corp  033780.KS :
    * KT&G CORP - ISSUES RESPONSE LETTER TO ISS AND SHAREHOLDERS
REGARDING ISS' UNILATERAL PROXY VOTING RECOMMENDATION AGAINST
BOARD
    * KT&G: BELIEVES ISS' RECOMMENDATION TO VOTE AGAINST
APPOINTMENT
OF CEO NOMINEE KYUNG-MAN BANG APPEARS TO CONTRADICT ITS OWN
PROXY VOTING GUIDELINE
    * KT&G CORP: KT&G FINDS ISS' RECOMMENDATION AGAINST
SANG-WOOK
KWAK, BOARD-ENDORSED OUTSIDE CANDIDATE DIRECTOR CANDIDATE,
"LACKING" A CLEAR REASONING
    * KT&G CORP - EXPRESSES CONCERN OVER INTERACTIONS BETWEEN
ISS AND
FCP, PARTICULARLY REGARDING DISCUSSIONS ABOUT CO'S EXPORT
BUSINESS PROFITABILITY
    * KT&G CORP - BELIEVES THAT ISS' RECOMMENDATION TO VOTE FOR
DONG-HWAN SON AS OUTSIDE DIRECTOR CONTRADICTS ITS OWN PROXY
VOTING GUIDELINE

Source text for Eikon:  ID:nPn6Tyq0ja 
Further company coverage:  033780.KS 

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