Hyundai Motor Co gave into shareholder pressure and agreed to consider a proposal to establish a committee that will protect the interests of investors. At a shareholder meeting in South Korea an official from APG Asset Management, which holds a stake in Hyundai, asked the carmaker to make changes in its governance structure in order to improve its relationship with shareholders. The Netherlands-based pension fund proposed Hyundai to set up a corporate governance committee and appoint one of its external directors to protect the interests of existing and future shareholders. The move comes six months after Hyundai agreed to purchase land for $10 billion, or three time its appraised value, in the wealthy district of Gangnam, Seoul in order to build new headquarters. The board of the company discussed the deal twice and approved it before knowing the price. After the land deal, Hyundais shares took a huge hit, reflecting the disapproval of shareholders.