Kia Motors, South Korea’s second-largest carmaker, Thursday said that it is considering establishing a committee dedicated to protecting minor shareholders‘ rights.

The body will be comprised of outside directors to secure transparency and independence. It will reflect minor shareholders’ voices in the company‘s important decisions such as mergers and acquisitions and purchase of major assets among others. 


Kia’s idea comes after Hyundai Motor Company, Kia’s sister under Hyundai Motor Group, established a similar committee last year, upon request from Algemene Pensioen Groep, a Netherlands-based pension fund that has long invested in the company.

By Bae Ji-sook (baejisook@heraldcorp.com)