Korea Zinc Approves Proposal to Expand Audit Committee Members

On September 9, a proposal to increase the number of audit committee members who are separately appointed was approved at an extraordinary general meeting of shareholders of Korea Zinc.

At the 53rd Extraordinary General Meeting of Shareholders of Korea Zinc, which was held at the Mondrian Hotel in Yongsan, Seoul on the same day, the first agenda item regarding an amendment to the Articles of Association to expand the separately appointed audit committee members was passed.

Park Kideok, CEO of Korea Zinc, chairman of the 53rd extraordinary shareholders' meeting of Korea Zinc, is striking the gavel. Korea Zinc

Starting September 10, listed companies with total assets of 2 trillion won or more are required to increase the number of audit committee members who are independently elected from at least one to two or more, with such members being selected separately from other directors. At the regular shareholders' meeting in March, a similar amendment to the Articles of Association failed to pass, as Yeong Poong and MBK Partners opposed it, arguing that the side of Chairman Choi Yoonbum was attempting to seat Minho Lee as the audit committee member.

Meanwhile, although the shareholders' meeting was scheduled to begin at 10 a.m. on this day, it was delayed by about 25 minutes due to procedural issues, such as duplicate proxy documents.

This content was produced with the assistance of AI translation services.