Corporate Governance in Korea at the Millennium: Enhancing International Competitiveness (Final Report and Legal Reform Recommendations to the Ministry of Justice of the Republic of Korea)

IF 2.8 Q2 BUSINESS

Corporate Communications Pub Date : 2000-05-01 DOI:10.2139/SSRN.222491

B. Metzger, Bernard Black, Timothy O'Brien, Y. Shin

引用次数: 31

Abstract

The core of this article is our May 2000 Report to the Ministry of Justice of the Republic of Korea. The Report reviews South Korea's corporate governance system and recommends legal reforms to improve Korean corporate governance and protect against a repeat of Korea's governance-related financial crisis of 1997-1998. The Report's principal recommendations include enhancing the role of public company boards of directors, strengthening independent director and non-interested shareholder review of related party transactions, and requiring cumulative voting and preemptive rights for public companies. The Introduction by Bernard Black that precedes the Report discusses the ongoing transition in Korean corporate governance, and the political and economic forces behind that transition. Note: This paper is identical to the article as published in the Journal of Corporation Law. The published article is available, without the Stanford Law and Economics cover page, at http://papers.ssrn.com/abstract=279064

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千禧年的韩国公司治理:提高国际竞争力(提交大韩民国法务部的最终报告和法律改革建议)

这篇文章的核心是我们2000年5月提交给韩国法务部的报告。该报告回顾了韩国的公司治理体系，并建议进行法律改革，以改善韩国的公司治理，防止1997-1998年韩国与治理相关的金融危机重演。该报告的主要建议包括加强上市公司董事会的作用，加强独立董事和非利益相关者对关联交易的审查，以及要求上市公司拥有累积表决权和优先购买权。伯纳德•布莱克在报告前的引言部分讨论了韩国企业支配结构的转变，以及这种转变背后的政治和经济力量。注:本文与《公司法》上发表的文章相同。已发表的文章可在http://papers.ssrn.com/abstract=279064上获得，不含斯坦福法律与经济学封面页

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Corporate Communications BUSINESS-

CiteScore

3.90

自引率

20.00%

发文量

期刊介绍： Corporate Communications: An International Journal addresses the issues arising from the increased awareness that an organisation''s communications are part of the whole organisation, and that the relationship an organisation has with its external public requires careful management. The responsibility for communications is increasingly being seen as part of every employee''s role and not simply the function of the marketing/PR departments. This journal will illustrate why communications are important and how best to implement a strategic communications plan.