Hyundai Motor shareholders vote against Elliott dividend proposal

 Hyundai Motor shareholders vote against Elliott dividend proposal

SEOUL (Reuters) - Hyundai Motor shareholders voted on Friday against Elliott Management's proposals for dividend payouts.

Elliott Management had called for a hefty special dividend and a board shake-up at Hyundai Motor Group, South Korea's No.2 family-run conglomerate, to address its "poor governance" and "excess cash".

(Reporting by Ju-min Park; Editing by Stephen Coates)

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Updated Date: Mar 22, 2019 07:05:50 IST

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