Korea Zinc on the 24th approved the agenda item to reappoint Chair Choi Yoon-beom as an inside director at its regular shareholders meeting.
Korea Zinc said it resolved the agenda item to appoint inside director Choi Yoon-beom at the 52nd regular shareholders meeting held that afternoon at the Koreana Hotel in Jung-gu, Seoul.
The agenda item to appoint Chair Choi as an inside director received 15,608,378 votes out of 92,993,444 votes under the cumulative voting system.
The agenda item to appoint five directors by cumulative voting, including Chair Choi, was approved by selecting the five candidates with the most votes among the director nominees.
Walter Field McLaren, a candidate for other non-executive director proposed by a joint venture between Korea Zinc and the U.S. War Department, ranked first with 15,612,555 votes.
Outside director nominee Hwang Deok-nam, recommended by the Korea Zinc board along with Chair Choi, received 15,608,288 votes and was reappointed as an outside director in third place.
Among the nominees proposed by MBK Partners and Young Poong, which are in a management control dispute with Chair Choi, candidate for other non-executive director Choi Yeon-seok and outside director nominee Lee Seon-suk were appointed.
The two candidates received 15,488,305 votes and 15,291,499 votes, respectively, placing fourth and fifth.
Likewise, among the nominees proposed by MBK Partners and Young Poong, outside director nominee Choi Byung-il and candidate for other non-executive director Park Byung-wook received 15,282,288 shares and 102,131 shares, respectively, and were not appointed as directors.