In today’s briefing:
- Align Partners’ Lee Chang-Hwan Joins SM Entertainment as a Board Member
Align Partners’ Lee Chang-Hwan Joins SM Entertainment as a Board Member
- On 20 January, SM Entertainment announced that Lee Chang-Hwan, the CEO of Align Partners Capital will join the company as a board member.
- This will mark one of the first cases of an activist investor becoming a board member of a Korean company which already has a major shareholder.
- We believe that Lee Chang-Hwan (CEO of APCM) joining SM Entertainment as a board member will have a positive impact on the company to meaningfully improve its corporate governance.
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