Previously, the ‘3% rule’ seems to be shifting from the sum of the largest shareholders to the individual application …

Entry 2020.11.10 18:44 | Revision 2020.11.11 00:44

TF internal proposal for the ‘Law of the Three Economies’
Largest shareholder·3% of each related person is recognized
The industry is still negative, “just shy”

In addition, the Democratic Party’s ‘Three Fair Economy Law’ (TF) Working Group maintains the separate election of the audit committee members in the Commercial Law amendment for Party leadership on the 10th, but adds the ‘3% rule’, which limits the voting rights of the largest shareholder and related persons to 3%. On the 10th he suggested a plan to facilitate each recon.

The Third Fair Economy Law TF of the Democratic Party formed a consensus on this internal proposal in a meeting the day before (9), and delivered it to the internal leadership and the Party Policy Committee on the morning of that day. The government proposal presented to the National Assembly requires that the largest shareholder and specially related persons be “added” to limit voting rights to 3%.

A Democratic Party official said: “Regarding the 3% rule, we proposed a leadership engagement plan that recognizes the voting rights of the largest shareholder and related persons at 3%, rather than the sum of the largest shareholders. “. In addition, the TF is known to have discussed ways to increase the share holding period necessary for the election of audit committee members and the exercise of voting rights, as well as increase the participation of the largest shareholders with rights. limited voting rights.

The Democratic Party leadership plans to thoroughly review the government’s proposals and alternatives, hand them over to the standing committee, and then engage in large-scale negotiations with the opposition. A key Democratic Party official said: “The government has reflected a great deal of views from the business community and has come up with a relaxed government plan,” he said. A Democratic Party official said: “There was talk that it was necessary to supplement it to achieve a fair economy.”

Regarding the Third Economic Law (commercial law, amendment to the fair trade law and enactment of the law on supervision of financial groups), the power of the people has not been clearly concluded. The head of the Emergency Response Committee, Kim Jong-in, agreed, but several lawmakers, including the party leadership, disagreed. The Democratic Party is expected to present a bill related to the Judicial Committee and the Political Affairs Committee as of 16-17.