by Chul Whan Park, the Largest Individual Shareholder and Senior Executive of Kumho Petrochemical Park s proposals present a mid-to-long-term plan with improved dividend policy and capacity for future investments to enhance long-term corporate value. Park could continue to advocate for the various strategic, financial and governance reforms he believes are necessary in order to enhance shareholder value going forward. Park s proposals would be in the best interests of shareholders, given the proposed committee independence, composition, and other specific details such as committee roles.
Payout ratio proposed by Park of 52.6% is more in line with industry peers with average at 49%
HONG KONG, March 17, 2021 /PRNewswire/ Chul Whan Park, the largest individual shareholder and senior executive of Kumho Petrochemical, welcomed the recommendation published by a proxy advisor Glass, Lewis & Co. with regards to the agendas proposed for the company s annual general meeting of