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Case Study: Activism

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Assignment and Challenges

This $7 billion market cap South Korean traded consumer products company was under attack from an activist. The activist had acquired a substantial stake in the company and was demanding the company triple the dividend payout and elect 2 new directors. To complicate matters, more than 45 % of the company’s outstanding shares was in the hands of foreign shareholders. It was projected that the activist could win because these shares were likely to vote against management and with the activist.

Solution

Alliance Advisors mobilized a strategy that was designed to maximize the “friendly” votes or South Korean based shareholders to side with management. In addition, proxy advisors and foreign based shareholders were part of the shareholder engagement process.

Results

All of managements proposals were approved by shareholders and all the activist proposals were defeated.

Shareholder Engagement, Activist Defense

South Korean Consumer Products Company

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Alliance Advisorsは、グローバルネットワークを通じて、株主総会アドバイザリー、株主エンゲージメント、報酬、ガバナンス、サステナビリティサービスに焦点を当てた独立系アドバイザリー会社です。

私たちは、開発から実行まで、クライアントファーストの大胆な戦略を実行し、勝利の成果をもたらします。

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