[Corporate Governance] Hannuri Advises Align Partners on Successful Board Appointments and Approval of Advisory Shareholder Proposal at Gabia’s 2026 AGM

   Writer 한누리    l    Hit 9
8일 전 원문보기


Hannuri Law LLC advised Align Partners Capital Management Inc. in its campaign against Gabia Co., Ltd., resulting in the successful election of shareholder-proposed candidates as a non-executive director and an independent director at the 2026 Annual General Meeting (AGM), as well as the approval of an advisory shareholder proposal.  


This outcome is particularly notable in that the shareholder-proposed director candidates were elected by ordinary resolution without relying on enhanced minority protections such as the 3% rule or cumulative voting. It also represents one of the leading examples in Korea where an advisory shareholder proposal has been approved at a general meeting. These results contributed to enhancing board diversity and independence, while strengthening the framework through which shareholder perspectives can be meaningfully reflected in key corporate decision-making.  


Hannuri has built extensive experience representing domestic and international shareholder activism and engagement funds. In this campaign, Hannuri provided comprehensive legal services across all stages, including target company analysis, shareholder engagement, development of shareholder proposal strategies, legal actions relating to agenda inclusion, proxy strategy, and on-site AGM support.  


Following the regulatory developments introduced by the 2025 amendment to the Korean Commercial Code, Hannuri remains committed to delivering leading precedents in corporate governance and capital markets. 




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