[스맥 경영권 분쟁]⑧ 대표 선임 분수령…표심 향방 촉각

SMAK's shareholder meeting demonstrates how complex voting mechanisms and narrow shareholding gaps can make management control unpredictable, with court decisions and minority shareholders becoming decisive factors. The 3% rule applied to auditor selection structurally disadvantages majority shareholders while amplifying retail investor power, fundamentally shifting control dynamics away from traditional ownership-based advantage. This case illustrates how procedural voting rules and small shareholder activism can override substantial shareholding margins in modern corporate governance battles.