{
  "docId": "019dd923-622b-71dc-a6dd-1b2358468037",
  "docSlug": "b6b6f532847a",
  "documentTitle": "Samsung C&T Corporation (028260 KS)",
  "authorId": "24_Palliser_Capital",
  "authorName": "Palliser",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-12-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 31,
  "pageCount": 60,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "The slide uses a two-row grid to contrast Independent Directors with Executive Directors, paired with specific critiques for each group.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "headshot",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dd-1b2358468037/31",
  "deckHref": "/decks/019dd923-622b-71dc-a6dd-1b2358468037",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dd-1b2358468037.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dd-1b2358468037#slide-31",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Four Co-CEOs/leaders – one for each business segment, but no clear CEO for the whole company",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b7-709e-b8ca-ebb34417fae1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.5,
        "x": 0.09,
        "y": 0.63
      },
      "kind": "image",
      "text": "Photos of 4 Executive Directors",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "06471108-5b81-451a-8146-b9d61ebbcdec",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.6,
        "x": 0.09,
        "y": 0.28
      },
      "kind": "image",
      "text": "Photos of 5 Independent Directors",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cc9523b5-5bb2-451d-aced-aa84b125e23d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.2,
        "x": 0.75,
        "y": 0.28
      },
      "kind": "list",
      "text": "Insufficient relevant industry or senior management (CEO-level) experience; Limited proven portfolio management and capital allocation expertise; Lack of gender diversity; Staggered Board; Requires diverse skills and experience",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4a4bb39a-8ed9-41f0-97f2-b8fc0152e205",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.3,
        "x": 0.65,
        "y": 0.63
      },
      "kind": "list",
      "text": "Four Co-CEOs/leaders – one for each business segment, but no clear CEO for the whole company; Without one overall CEO, hard but necessary decisions on capital allocation, including portfolio optimisation, are too easily avoided/delayed",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2a240c1-9fab-4d92-99c3-7afa295a9f5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "Recent steps to enhance governance are welcome, and while the Board includes respected members, SCT needs to go further by: i) optimising the Board to improve diversity in gender, industry and c-suite experience; and ii) providing clarity on management leadership",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b88cee1e-75dd-4463-9af0-25c347dca7b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Company data; Note: (1) On 30 Nov 2023, Lee Jae-eon was announced to be the succeeding President & CEO of SCT Trading & Investment Division replacing Koh Jung-suk whose term ends in March 2024",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0460cc6-bc1b-477d-90a2-231694463b4a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.7,
        "x": 0.08,
        "y": 0.03
      },
      "kind": "title",
      "text": "Governance: Board and Leadership Structure in Need of Further Improvement",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "92a84b6d-b77a-4b91-8332-12796b70914a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 35,
      "from": 16,
      "beatId": "5bcde41d-6d43-4054-83fd-7947f9d155c2",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The document agitates the problem by highlighting the causes of the value gap, including inefficient capital allocation and governance issues.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}