Coway has issued an official statement addressing the second proposal submitted by Align Partners. The company highlighted its record growth driven by key strategies under Chairman Junhyuk Bang’s leadership. To improve governance and transparency, Coway plans to introduce an Internal Transaction Committee and establish a Lead Independent Director system by 2026.
The company also committed to enhancing communication with shareholders to ensure ongoing engagement and trust. These measures aim to support Coway’s long-term sustainable growth and strengthen its corporate governance framework.
**Why this matters**
Coway’s response and planned governance improvements reflect its efforts to maintain transparency and accountability amid shareholder proposals. Strengthening oversight mechanisms and shareholder relations can contribute to more stable management and sustained company performance.
Source: NewsData