Iljin SNT Advocates for Management Overhaul and Spending Rationalization at Aurinia Pharmaceuticals (AUPH)

Key Summary: In 2023, Iljin SNT Co., Ltd. expressed its dissatisfaction with the board's composition by advising a "Withhold" vote against several nominees at the AGM. Despite this, all incumbent directors were re-elected. On March 20, 2024, Iljin expressed its concerns by submitting a letter criticizing the management's performance and urging for a man…