A renowned Korean electronics company is rated highly by MSCI for its resilience to long-term, financially relevant ESG risks. However, given its influence over global supply chains, we consider it to be a high-impact company and believe its governance requires continuous monitoring.
A renowned Korean electronics company is rated highly by MSCI for its resilience to long-term, financially relevant ESG risks. However, given its influence over global supply chains, we consider it to be a high-impact company and believe its governance requires continuous monitoring.
Through our engagement with this company, they have stepped up their corporate governance efforts. They have introduced an independent board chair in 2020, upgraded their compliance committee to group level, and granted CCO the right to call a board meeting directly.
Through ongoing engagement, the company improved its shareholder return policy that focuses on dividends. For 2021-2023, the Board decided to increase the regular dividend pay-out on top of the existing return plan.
