Pension fund to naysay appointment of some board members at banks, conglomerates
Mar 20, 2020
South Korea's state pension fund will vote against the appointments of some board members at banks and major companies during shareholder meetings as they are not qualified for the positions. The National Pension Service (NPS) said its trust management committee has decided to object to the appointments of Woori Financial Group Chairman Sohn Tae-seung and Shinhan Financial Group chief Cho Yong-byoung as board members at the banks. The pension service also said it will vote against the motion t