{"id":39941,"date":"2023-06-16T03:07:23","date_gmt":"2023-06-16T07:07:23","guid":{"rendered":"https:\/\/allianceadvisors.com\/south-korean-consumer-products-company\/"},"modified":"2025-02-27T15:45:57","modified_gmt":"2025-02-27T20:45:57","slug":"south-korean-consumer-products-company","status":"publish","type":"post","link":"https:\/\/allianceadvisors.com\/ja\/south-korean-consumer-products-company\/","title":{"rendered":"Case Study: Activism"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row remove_bottom_col_margin=&rdquo;true&rdquo;][vc_column]<style>.vcex-heading.vcex_68cd91bdccf5a{color:#ffffff;background-color:#393939;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-px-30 wpex-py-30 wpex-text-center vcex_68cd91bdccf5a\"><span class=\"vcex-heading-inner wpex-inline-block\">Assignment and Challenges<\/span><\/h2>[\/vc_column][\/vc_row][vc_row css=&rdquo;.vc_custom_1682408560766{background-color: #eaeaea !important;}&rdquo;][vc_column][vc_column_text css=&rdquo;.vc_custom_1740689144904{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&rdquo;]South Korean consumer products company<br>\nThis $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&rsquo;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.[\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=&rdquo;yes&rdquo;][vc_column]<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div>[\/vc_column][\/vc_row][vc_row equal_height=&rdquo;yes&rdquo; remove_bottom_col_margin=&rdquo;true&rdquo; css=&rdquo;.vc_custom_1682414370373{margin-bottom: -15px !important;}&rdquo;][vc_column width=&rdquo;1\/2&Prime;]<style>.vcex-heading.vcex_68cd91bdcdfd4{color:#ffffff;background-color:#393939;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-px-30 wpex-py-30 wpex-text-center vcex_68cd91bdcdfd4\"><span class=\"vcex-heading-inner wpex-inline-block\">Solution<\/span><\/h2>[vc_column_text css=&rdquo;.vc_custom_1686898975789{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;background-color: #eaeaea !important;}&rdquo; el_class=&rdquo;equal-height-content&rdquo;]³ÉÈËÊÓƵ mobilized a <a class=\"glossaryLink cmtt_Institutional Shareholder Engagement\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Shareholder Engagement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt; The process of establishing and maintaining communication and relationships between...&lt;\/div&gt;&lt;div id=&amp;quot;cmtt_related_articles&amp;quot; class=&amp;quot;cmtt_related_articles_wrapper&amp;quot;&gt;&lt;div class=&amp;quot;cmtt_related_title cmtt_related_articles_title&amp;quot;&gt;Related Articles: &lt;\/div&gt;&lt;ul class=&amp;quot;cmtt_related&amp;quot;&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/ja\/%e3%81%8a%e5%95%8f%e3%81%84%e5%90%88%e3%82%8f%e3%81%9b\/&amp;quot;&gt;&#12362;&#21839;&#12356;&#21512;&#12431;&#12379;&lt;\/a&gt;&lt;\/li&gt;&lt;li class=&amp;quot;cmtt_related_item&amp;quot;&gt;&lt;a href=&amp;quot;https:\/\/allianceadvisors.com\/ja\/officer-exculpation-amendment\/&amp;quot;&gt;Case Study: Amendment for Officer Exculpation. Shareholder Meeting Advisory, Institutional Investor Intelligence, Retail Outreach&lt;\/a&gt;&lt;\/li&gt;&lt;\/ul&gt;&lt;\/div&gt;&lt;div class=glossaryTooltipMoreLinkWrapper&gt;&lt;a class=glossaryTooltipMoreLink href=https:\/\/allianceadvisors.com\/ja\/glossary-index\/shareholder-engagement\/ &gt;Read more...&lt;\/a&gt;&lt;\/div&gt;\" data-link=\"https:\/\/allianceadvisors.com\/ja\/glossary-index\/shareholder-engagement\/\" href=\"https:\/\/allianceadvisors.com\/ja\/glossary-index\/shareholder-engagement\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">shareholder engagement<\/a> strategy that was designed to maximize the &ldquo;friendly&rdquo; 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.[\/vc_column_text][\/vc_column][vc_column width=&rdquo;1\/2&Prime;]<style>.vcex-heading.vcex_68cd91bdce7c7{color:#ffffff;background-color:#393939;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-px-30 wpex-py-30 wpex-text-center vcex_68cd91bdce7c7\"><span class=\"vcex-heading-inner wpex-inline-block\">Results<\/span><\/h2>[vc_column_text css=&rdquo;.vc_custom_1686898986786{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;background-color: #eaeaea !important;}&rdquo; el_class=&rdquo;equal-height-content&rdquo;]All of managements proposals were approved by shareholders and all the activist proposals were defeated.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>South Korean Consumer Products Company<\/p>\n","protected":false},"author":35,"featured_media":39942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[376],"tags":[381,387],"post_series":[],"ppma_author":[466],"class_list":["post-39941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies-ja","tag-shareholder-engagement-ja","tag-activist-defense-ja","entry","has-media"],"authors":[{"term_id":466,"user_id":35,"is_guest":0,"slug":"sam","display_name":"Sam Chandoha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/4abd01346cb2b66f0d5ee79d510a9371357242d7a11a50a2db5ec2283acdf28c?s=96&d=mm&r=g","author_category":"","first_name":"Sam","last_name":"Chandoha","user_url":"","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts\/39941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/comments?post=39941"}],"version-history":[{"count":6,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts\/39941\/revisions"}],"predecessor-version":[{"id":55819,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/posts\/39941\/revisions\/55819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/media\/39942"}],"wp:attachment":[{"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/media?parent=39941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/categories?post=39941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/tags?post=39941"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/post_series?post=39941"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ja\/wp-json\/wp\/v2\/ppma_author?post=39941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}