SEOUL: Investors in Hyundai Motor Group companies are due to meet on Friday to vote on U.S. hedge fund Elliott Management's demands for a massive special dividend and board makeover, in the latest case of shareholder activism in the Asian country.
While its latest demands look likely to fail on most counts, even if it manages to gain a single seat at Hyundai it would be a major victory for shareholder empowerment in the country.
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