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A Study on ways of Improving Exercise of Voting Rights Systems to Revitalize the General Meeting of Shareholders
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주주총회 활성화를 위한 의결권행사제도 개선방안

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Type
Academic journal
Author
WooYoung Jeong (한국법학원)
Journal
경상대학교 법학연구소 법학연구 법학연구 제26권 제3호 KCI Accredited Journals
Published
2018.1
Pages
137 - 162 (26page)

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A Study on ways of Improving Exercise of Voting Rights Systems to Revitalize the General Meeting of Shareholders
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The reason for the abolition of the shadow voting is to promote the general meeting of stockholders by actively guaranteeing the voting rights of shareholders. However, most of the issues discussed after the abolition of the shadow voting are measures to alleviate the quorum requirement for concerns that the general meetings of shareholders will not meet the resolution requirements. These measures are only temporary measures in the face of the policy goal of revitalizing the general meetings of shareholders and the fact that shareholders' participation in the general meetings of shareholders is low.* This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2015S1A5B5A07043827). ** Senior Researcher, Korean Society of Law / Ph.D. in law. Looking at the current state of operation the general meetings of shareholders of listed companies, concentrated events such as holding a shareholders' meeting on a certain day have been alleviated, but still remain, and the number of listed companies voting by electronic means has decreased rather. These facts are not really worried about the fact that listed companies meet the quorum and number of votes set by the Commercial Act to pass the agenda of the general meetings of shareholders. It seems that there is no major obstacle to the operation of the general meeting of shareholders. This means that it is not necessary to relax the quorum and number of votes requirement to support the operation of the shareholders' meeting of listed companies. In short, under the existing system, it seems that there is room for shareholders to increase the attendance rate of shareholders if they actively utilize electronic voting or written voting and improve the relationship with shareholders by dispersing the day of general meetings of shareholders. Therefore, it is desirable to utilize the complementary measures to increase the attendance rate of the general meeting rather than to relax the resolution requirement of the general meeting of shareholders.

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