Finance

Samsung C&T shareholders approve allowing outside directors to sit as board chairman

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An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea, July 16, 2015. REUTERS/Kim Hong-Ji Thomson ReutersAn employee walks past a logo of Samsung C&T Corp at the company’s headquarters in Seoul

SEOUL (Reuters) – Shareholders of Samsung C&T Corp , Samsung Group’s [SAGR.UL] de facto holding company, have approved allowing an outside director to serve as chairman of the board, a spokeswoman confirmed on Friday.

Samsung C&T is one of several Samsung Group companies that have put up for shareholders’ vote this month motions to change their articles of incorporation so that board members beside the CEO, including inside or outside directors, can be named chairman.

(Reporting by Joyce Lee; Editing by Richard Pullin)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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