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4
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A securities firm holding at least 300,000 shares of a public company shall have its voting right exercised bythe natural person of its insiders (excluding spouses and minors) as appointed by it, provided a securities firmholding less than 300,000 shares of a publiccompany may elect not to appoint personnel to attend a shareholders' meeting.
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5
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A securities firm may exercise its voting right in shares held as mentioned above in writing orelectronicallypursuant to Article 177-1 of the Company Act and is accordingly deemed to attend a shareholders' meeting in person.
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8
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Where a securities firm serves as a director or supervisor of a company of which it holds shares, its legal representative shall be an insider of the securities firm (excluding the spouse and minors of the insider), if not, reasonable excuses shall be presented, and the information of such excuses and its appointment procedure of the legal representative, etc. shall be retained for recordation.
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