National Pension Service, DGB Financial, etc. Halt "Excessive Director Compensation Limits"

The National Pension Service has decided to vote against the agenda item approving the director remuneration limit at the shareholders' meetings of DGB Financial Group and Wonik QnC.

On the 28th, the National Pension Fund Stewardship Committee held its 5th meeting to review and decide on the voting directions for agenda items at the shareholders' meetings of four listed companies, including these two.

Regarding the agenda item on approving the director remuneration limit at the DGB Financial Group shareholders' meeting scheduled for the 30th, the National Pension Service stated its opposition, citing that "the remuneration amount is excessive compared to business performance." It decided to support the other agenda items, such as the appointment of inside and outside directors.

At the Wonik QnC shareholders' meeting on the 29th, it also decided to oppose the approval of the director remuneration limit for the same reason of being excessive relative to business performance.

For Wonik QnC, the National Pension Service also opposed the appointment agenda for the candidate for standing auditor, citing that the candidate "has been an executive or employee of a company with an important business relationship within the past five years."

At the Netmarble shareholders' meeting held on the same day, the National Pension Service opposed the appointment of outside director and audit committee member Hwang Deuk-su, stating that he is "an executive or employee currently working at a company with a significant shareholding relationship," while supporting all other agenda items.

At the Namseon Aluminum shareholders' meeting scheduled for the 30th, the National Pension Service plans to vote against the appointment of inside director Woo Oh-hyun, citing "excessive concurrent positions" as the reason.