Board of Directors should strike a balance between companies and shareholders

John Wilcox, chairman of Morrow Sodali, said it is very important for companies' board of directors (BOD) to "strike a balance" by addressing concerns and helping involved parties come to an agreement and understanding to prevent activisms and misperceptions.

As companies, in fact, expand beyond borders and seek to attract global investors for their ventures, they are bound to face numerous and unexpected risks. Among risks, they, including Korean companies, can face conflicts and misunderstandings between management and shareholders on the way companies are run, as seen recently from the conflict between Samsung Electronics and activist investor Elliot Management.