IR Qdus Successfully Concludes Seminar on Mandatory Electronic Shareholder Meetings and Cumulative Voting

IR Qdus, the leading IR solutions provider in Korea (co-CEOs Lee Junho and Lee Jongsung), announced on November 27 that it successfully concluded its practical seminar, "The New Mandate: GET READY," which was held to prepare for the mandatory implementation of electronic general meetings of shareholders and cumulative voting as required by the recent amendments to the Commercial Act.

The seminar was organized to help listed companies proactively respond to the upcoming environment of electronic general meetings of shareholders and the introduction of cumulative voting. It provided a comprehensive guide to the key changes in the amended Commercial Act and the legal and technological preparations required for practical implementation. The event drew significant interest, with more than 250 IR and shareholder meeting managers from listed companies and related institutions in attendance, including representatives from over 150 companies subject to the new mandates.

In the first session, lawyers Cho Hyundeok, Jeon Youngik, and Kim Geonwoo from Kim & Chang's Corporate Governance and Management Rights Dispute Group gave a presentation on "Impacts and Response Strategies Related to the Amendment of the Commercial Act." The Kim & Chang team explained in detail the legal issues that companies must review and risk management strategies to prepare for the introduction of electronic general meetings of shareholders and the implementation of cumulative voting, receiving an enthusiastic response from attendees.

Next, IR Qdus presented on "Digital Response Strategies and Solutions for Electronic General Meetings of Shareholders and Cumulative Voting," sharing practical operational methods and specific preparation requirements. Particularly noteworthy was IR Qdus's demonstration of a "virtual electronic general meeting," where attendees were treated as shareholders. This vivid simulation of scenarios and response strategies that companies subject to the new mandates may face in future shareholder meetings greatly enhanced participants' understanding.

Through this demonstration, IR Qdus proved that it has completed the development of an "integrated solution" encompassing electronic voting and electronic proxy, on-site electronic voting supporting cumulative voting, real-time live broadcasting of shareholder meetings, and a comprehensive electronic general meeting system. This solution is significant as it is the first integrated shareholder meeting solution in Korea to fully implement all procedures and functions newly required by the amended Commercial Act.

Park Sungyong, Executive Director of IR Qdus, stated, "This amendment to the Commercial Act will be a pivotal turning point that fundamentally changes the standards for operating shareholder meetings. IR Qdus has developed an integrated solution that meets all legal and technological requirements, enabling listed companies to respond accurately to the new environment, and this seminar served as an opportunity to directly showcase our preparedness."

He added, "Going forward, we will continue to fulfill our role as a specialized management institution for electronic general meetings of shareholders by providing a variety of guides and services, so that listed companies can operate shareholder meetings stably amid these changes."