2025년 정기주주총회 주요 주주제안 사례 및 향후 과제

The 2025 annual shareholders’ meeting (AGM) season has come to an end. As in previous years, the concentration of AGMs on specific dates continued. In addition, the increase in individual investors, the activation of shareholder authentication-based platforms, and the expansion of shareholder activism led to a rise in shareholder proposals compared to the previous year. Notably, the exercise of shareholder proposal rights was significantly expanded, particularly through alliances of minority shareholders, reflecting a more active demand for participation in corporate management than in the past. This article aims to examine key shareholder proposal cases from the 2025 AGM season and to discuss the implications and future challenges. At companies such as DI Dongil, Korea Zinc, and Oscotec, some shareholder proposals were approved. However, concerns were raised about the effectiveness of shareholder proposals due to the clustering of AGMs on specific dates. Furthermore, some companies failed to clearly disclose information related to shareholder proposals, which led to controversy. It may be time for Korea to consider adopting a quota system for AGM scheduling, similar to that of Taiwan. Such a system could allow for more distributed shareholder participation, thereby enhancing the practical ability of general shareholders to exercise their rights to make proposals. In addition, mandating companies to disclose the main content of shareholder proposals and the board’s response either immediately upon receipt or within a certain number of days would enable investors to access timely and relevant information.