Shinhan Asset Management Becomes First Domestic Comprehensive Asset Management Company to Join ICGN

Joins the International Corporate Governance Network (ICGN)
Expands global corporate governance and stewardship discussions

Shinhan Asset Management said on October 26 that it had become the first domestic comprehensive asset management company to join the International Corporate Governance Network (ICGN).

Founded in 1995, ICGN is an international organization centered on institutional investors. It develops global policy recommendations, and carries out networking and educational activities to improve corporate governance and strengthen investors' stewardship responsibilities. It has more than 300 member organizations from around 40 countries, whose assets under management and administration total more than $100 trillion.

In particular, ICGN's Global Governance Principles (GGP) and Global Stewardship Principles (GSP) are widely used by investors and regulators in various countries as key references when developing standards on corporate governance and stewardship responsibilities.

Joining ICGN gives Shinhan Asset Management a foundation to participate directly in policy discussions on corporate governance and stewardship with global institutional investors. ICGN makes policy recommendations to governments, supervisory authorities, and stock exchanges in various countries, incorporating the perspectives of long-term investors. In 2026, it has also shared its views on corporate governance improvement priorities in Korea's capital markets, including amendments to the Financial Investment Services and Capital Markets Act, revisions to the Stewardship Code, and the sustainability disclosure roadmap.

Shinhan Asset Management plans to take part in policy working groups exclusively for ICGN members and international conferences to exchange views on key corporate governance issues with global institutional investors and expand cooperation.

Since adopting the Stewardship Code in 2017, Shinhan Asset Management has strengthened its ESG investment and stewardship activities. In particular, this year it established a stewardship committee chaired by an outside director to enhance the independence and expertise of decision-making on proxy voting and shareholder engagement. Following its membership in the Asian Corporate Governance Association (ACGA) in September 2025, joining ICGN has enabled the company to expand its corporate governance cooperation network beyond Asia to global markets.

“Joining ICGN is a meaningful step toward expanding cooperation with global investors and strengthening our stewardship framework in line with international standards,” said Son Miji, head of the SDGs Strategy Team at Shinhan Asset Management. “We will continue to actively participate in global discussions on corporate governance and stewardship, and apply the outcomes to our proxy voting and shareholder engagement activities to continuously strengthen our responsible investment capabilities.”

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