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  • The NPS, strengthen management intervention of companies
  • by Chon, Seung-Hyun | translator Choi HeeYoung | Dec 31, 2019 06:45am
National Pension Fund Management Committee decides on 'active shareholder activity guidelines'
Responsible activities such as proposals for national pension shareholders when corporate value is compromised
Concerns about ¡°squeeze management¡± in business, more than 5% stake in 22 national pensions including Dong-A ST
The nation's largest institutional investor, the National Pension Service declared that it will actively participate in management of investment companies. Starting next year, the possibility of exercising shareholder rights, such as dismissal of directors, will be raised against ¡°bad companies¡± that violate laws such as embezzlement and resignation. Pharmaceutical bio companies with high stakes in the national pension will also be affected by their participation in national pension management.
The National Pension Fund Management Committee held the ninth meeting in 2019 to deliberate and decide on the Guidelines for Active Shareholder Activities.

This is a follow-up to the Principles for National Pension Deposi
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