韩美两国外部董事与审计委员会独立性路径的比较研究

B. Kim
{"title":"韩美两国外部董事与审计委员会独立性路径的比较研究","authors":"B. Kim","doi":"10.15335/glr.2020.13.4.006","DOIUrl":null,"url":null,"abstract":"There have been debates on adoption of corporate laws regarding electing independent audit committee members separately and double derivative suit, as well as mandatory cumulative voting to improve corporate governance in Korea. This article examines whether mandatory or market based approaches are desirable to improve corporate governance in Korea. It will explore the ways to strengthen the independence of the board of directors and audit committees. Firstly, this article studies the independence of outside directors in the U.S. and Korea. The independence of the board of directors has been weak in Korea due to controlling shareholders and circular share-holding ownership structure among big business groups, even though there have been attempts to improve this situation. Secondly, this article examines the current role of outside directors, audit committees, and cumulative voting in the U.S and in Korea to find out positive changes in corporate governance Korea. Lastly, his article will discuss the appropriate direction between mandatory and market based soft law approaches on corporate governance in Korea. It will argue that Korea needs to strengthen the monitoring function of the board of directors, independence of outside directors and audit committee.","PeriodicalId":302839,"journal":{"name":"Gachon Law Review","volume":"6 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A Comparative Study on Approaches to the Independence of Outside Directors and Audit Committee in Korea and the U.S.\",\"authors\":\"B. Kim\",\"doi\":\"10.15335/glr.2020.13.4.006\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"There have been debates on adoption of corporate laws regarding electing independent audit committee members separately and double derivative suit, as well as mandatory cumulative voting to improve corporate governance in Korea. This article examines whether mandatory or market based approaches are desirable to improve corporate governance in Korea. It will explore the ways to strengthen the independence of the board of directors and audit committees. Firstly, this article studies the independence of outside directors in the U.S. and Korea. The independence of the board of directors has been weak in Korea due to controlling shareholders and circular share-holding ownership structure among big business groups, even though there have been attempts to improve this situation. Secondly, this article examines the current role of outside directors, audit committees, and cumulative voting in the U.S and in Korea to find out positive changes in corporate governance Korea. Lastly, his article will discuss the appropriate direction between mandatory and market based soft law approaches on corporate governance in Korea. It will argue that Korea needs to strengthen the monitoring function of the board of directors, independence of outside directors and audit committee.\",\"PeriodicalId\":302839,\"journal\":{\"name\":\"Gachon Law Review\",\"volume\":\"6 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-12-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Gachon Law Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.15335/glr.2020.13.4.006\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Gachon Law Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.15335/glr.2020.13.4.006","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

摘要

在韩国,为了改善企业支配结构,一直以来都在讨论是否要引入独立审计委员的单独选举和双重派生诉讼、强制累积投票等公司法。本文探讨了强制性或基于市场的方法是否适合改善韩国的公司治理。它将探讨如何加强董事会和审计委员会的独立性。首先,本文对美国和韩国的外部董事独立性进行了研究。虽然一直在努力改善董事会的独立性,但由于大企业集团的控股股东和循环持股结构,董事会的独立性一直很弱。其次,本文考察了目前美国和韩国的外部董事、审计委员会和累积投票的作用,以找出韩国公司治理的积极变化。最后,他的文章将讨论韩国公司治理的强制性和基于市场的软法律方法之间的适当方向。他们将主张,应加强理事会的监督功能、外部理事的独立性、审计委员会等。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
A Comparative Study on Approaches to the Independence of Outside Directors and Audit Committee in Korea and the U.S.
There have been debates on adoption of corporate laws regarding electing independent audit committee members separately and double derivative suit, as well as mandatory cumulative voting to improve corporate governance in Korea. This article examines whether mandatory or market based approaches are desirable to improve corporate governance in Korea. It will explore the ways to strengthen the independence of the board of directors and audit committees. Firstly, this article studies the independence of outside directors in the U.S. and Korea. The independence of the board of directors has been weak in Korea due to controlling shareholders and circular share-holding ownership structure among big business groups, even though there have been attempts to improve this situation. Secondly, this article examines the current role of outside directors, audit committees, and cumulative voting in the U.S and in Korea to find out positive changes in corporate governance Korea. Lastly, his article will discuss the appropriate direction between mandatory and market based soft law approaches on corporate governance in Korea. It will argue that Korea needs to strengthen the monitoring function of the board of directors, independence of outside directors and audit committee.
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信