Skip to content

Case Study: Activism

a woman looking at products in a convenience store

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

Alliance Advisors Logo Transparent

New York Washington DC • Toronto London
Durban  Taipei Hong Kong Seoul

Alliance Advisors는 글로벌 네트워크를 통해 주주 회의 자문, 주주 참여, 보상, 거버넌스 및 지속 가능성 서비스에 중점을 둔 독립 자문 회사입니다.

우리는 개발에서 대담한 고객 우선 전략의 실행에 이르기까지 그 이상을 추구하여 성공적인 결과를 가져옵니다.

우리의 서비스

Back To Top