해외 투자자의 국내기업에 대한 의결권행사 현황과 대응방안

The foreign institutional investors are more active in voting. This is because the following reasons. First reason is the increase in the passive management. The second reason is that the higher the proportion of socially responsible investment of foreign institutional investors. And then, the third reason is the application of fiduciary duty on voting of institutional investors, similarly the fiduciary duty on asset management. Increase the voting rights of foreign institutional investors, it is increased the need for proxy advisory firms. The use of proxy advisory firms by institutional investors raises a number of potential issues The exercise of voting rights by foreign investors actively has been give both positive effects and negative effects for the domestic corporation. It is to improve the corporate governance that foreign investors actively exercise their voting right. However, It is the reason for increasing the reliance on foreign capital in domestic corporation, and outflowing the wealth of nation. Beside that, many problems has appear. In this article, with these issues in mind, I would like to explore legal issues of the exercise of voting rights by foreign investors.