Hyundai Motor shareholders reject Elliott's dividend plans, board member candidates
TransportMar 22, 2019
Ending weeks of arguments over the adequacy of Hyundai Motor’s dividend plans, shareholders on Friday rejected a proposal by US activist investor Elliott Management that urged it to provide a combined 8.3 trillion won ($7.3 billion) dividends to investors this year.At an annual shareholders meeting held at the carmaker’s headquarters in Seoul, 86 percent of the shareholders voted for Hyundai’s plan of offering 1.1 trillion won in dividends while 14 percent stood by Elliott’s proposals.Shareholde