[Corporate Governance] Hannuri Successfully Secures Appointment of Shareholder-Proposed Director for DB Insurance at 2026 AGM

   Writer 한누리    l    Hit 8
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Hannuri Law LLC has achieved a milestone by advising Align Partners Capital Management Inc. in its shareholder activism campaign against DB Insurance Co., Ltd., resulting in the successful election of a shareholder-proposed candidate as an ‘Independent Director who will also serve as Audit Committee member’ at the 2026 Annual General Meeting (AGM).

 

This is the first-ever case in the South Korean insurance industry where a shareholder-proposed candidate has joined the Board of Directors following a proxy contest.

 

Hannuri has been establishing numerous legal precedents by representing various shareholder activism and engagement funds. For this campaign – on capital allocation efficiency and governance normalization at DB Insurance - Hannuri provided Align Partners with comprehensive legal solutions, including: Target Company Analysis, Shareholder engagment, Shareholder Proposal Strategy, Proxy Contest Advisory and On-site AGM Support.

 

Following the significant regulatory shifts brought about by the 2025 Commercial Code Amendment, Hannuri remains committed to spearheading transformative cases in corporate governance and capital markets.