SEOUL -- Hyundai Motors is bracing for a showdown with activist investor Elliott Management over dividends and a board revamp at its annual meeting on Friday, in what is being regarded as a watershed moment for shareholder activism in South Korea.
Shareholders are widely expected to support the South Korean conglomerate in its campaign to fend off Elliott's call for a special $6 billion pay out to investors, in return for the promise of higher investment in future technologies.
