"National pension, positive shareholder rights for serious damage to the value of the company"

All funds said, "Let's make a successful introduction of the code of stewardship with an advanced discussion"

On the 30th, the Minister of Health and Welfare explained: "As for the introduction of the code of the steward (principle of fiduciary responsibility) of the national pension, We will actively shareholder rights for development and the national interest. "
Park, chairman of the National Pension Fund Management Committee, said at the 6th meeting of the Fund Management Committee held at the Seoul Plaza Hotel earlier this morning, before discussing the introduction of the code of 39; stewardship.

"The code of stewardship will become an opportunity for growth and development for the majority of healthy businesses," said Park. "The national pension is the trustee's responsibility, it will not be there."
"I know that the inability to draw conclusions at the last meeting is a source of concern," he said, "it's solid evidence that the committee is working well with healthy debate and participation ". "

" Based on the suggestions of the leaders at the last meeting, we looked at every detail of the issues and how they would be reflected in the details, "he said. that today's committee makes a fruitful progress. "

The Fund Management Committee will decide whether to introduce the National Pension Management Code by discussing intensively from the introduction of the code.

The proposed agenda was December 26 but the decision was postponed, with some members insisting that the stewardship code should be included in the code of stewardship for the " participation in the management ", audit recommendation, shareholder proposal.

The introduction plan of the Ministry of Health and Welfare is that the national pension will gradually expand the exercise of shareholder rights gradually, but the awareness of the interference of the Business management rights in the business world, "he said.

The Code of Managers is a guideline for institutional investors, such as pension funds such as the national pension, which establishes the obligation to maintain loyal and well-managed badets that clients entrust.

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(Seoul-Yonhap News) Reporter of Shin Jae-woo