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  "docSlug": "b6b6f532847a",
  "documentTitle": "Samsung C&T Corporation (028260 KS)",
  "authorId": "24_Palliser_Capital",
  "authorName": "Palliser",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-12-06 00:00:00",
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  "notes": "Uses a two-column comparison layout to contrast disclosure issues with compensation issues.",
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      "text": "Lack of action to address the SCT Value Gap indicative of insufficient alignment of management and shareholder interests",
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      "text": "Base Salary + Annual Incentives (KPIs: achievements and financial performance) + Long-term Incentives (3-yr period KPIs: ROE, stock performance and EBIT Margin)",
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      "text": "Disclosure on compensation structure is insufficient; Management KPIs/targets not disclosed; Unclear incentive relation to operating businesses.",
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      "text": "Senior leadership not very visible to investors; Lack of clarity on mission; Limited division-level info; Lack of info on new business; English disclosure standard issues.",
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      "text": "Source: Company, Bloomberg, Analyst Research",
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      "kind": "title",
      "text": "Governance: Inadequate Disclosure & Management Incentives",
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