Eight of nine proxy advisers supported Korea Zinc Company, Ltd.'s (010130) audit committee candidate, Newsis reported Sunday. The advisers recommended Baek In-kyu ahead of the company's September 9 extraordinary shareholder meeting.
The supporting firms included Institutional Shareholder Services and Glass Lewis, according to the report on published voting recommendations. One adviser backed Park Yoo-kyung, nominated by Youngpoong Corporation (000670) and MBK Partners, while the pension fund had not finalized its vote.
The pension fund held 5.44% of Korea Zinc Company, Ltd. at the end of June. The company's market capitalisation was ₩25.5 trillion at Friday's close.
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| Symbol | Last Price |
|---|---|
| 010130Korea Zinc Company, Ltd. | ₩1,222,000 -0.2% |
| 000670Youngpoong Corporation | ₩39,300 -1.8% |